New Delhi [India], February 28 (HBTV): The Enforcement Directorate has attached immovable properties worth INR 82 crore in connection with an alleged real estate fraud linked to the ‘Ansal Hub-83’ commercial project located in Sector-83, Gurugram.
The project is spread over 19 Kanal 15 Marla, approximately 2.47 acres, and comprises 147 commercial shops, 137 office spaces and two restaurant units, the agency said.
The Gurugram zonal office of the Enforcement Directorate attached the properties under the provisions of the Prevention of Money Laundering Act, 2002.
The investigation was initiated based on an FIR registered by Haryana Police in June 2023 under Sections 120-B, 406 and 420 of the Indian Penal Code against the promoters and senior officials of Ansal Housing Limited, formerly known as Ansal Housing and Construction Ltd.
The company’s whole-time director Kushagra Ansal and its associated entities, Samyak Projects Private Limited and Aakansha Infrastructure Private Limited, were booked following a complaint by the HUB-83 Allottee Welfare Association, representing more than 1,000 investors who had invested in the project based on alleged ‘false assurances and misleading representations,’ according to the agency.
The investigation revealed that the project was launched and commercial units were sold before obtaining valid statutory approvals. It also found that although the project licence expired in December 2015, the developers allegedly continued to collect money from investors and sell units till September 2023 without renewing the licence.
Several investors approached the Haryana Real Estate Regulatory Authority by filing complaints regarding delay in possession, non-completion of the project, alleged illegal collection of funds and violation of statutory obligations by the developer.
‘Investors were promised timely possession and world-class facilities; however, even after nearly 15 years, no occupation certificate has been issued, and possession has not been handed over,’ the Enforcement Directorate said in a statement.
The agency alleged that funds collected from investors were not used for completing the project but were diverted for other purposes and personal gain.
According to the investigation so far, more than INR 82 crore was collected from allottees between 2011 and 2023.
The project land, along with construction undertaken so far, has been provisionally attached to prevent any transfer, sale or disposal of assets that could affect future confiscation proceedings under the Act.
(ANI)