New Delhi, June 15: The Directorate of Enforcement (ED) has provisionally attached assets worth approximately ₹503.48 crore in connection with its ongoing money laundering investigation against Raheja Developers Ltd. (RDL), its Director Navin M. Raheja, and associated entities.
According to an official press release issued on June 15, the attachment has been carried out under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The attached assets include immovable properties belonging to Raheja Developers Ltd. as well as properties held in the names of Navin M. Raheja and his family members.
The ED stated that the investigation stems from multiple FIRs registered by the Economic Offences Wing (EOW) based on complaints filed by a large number of homebuyers regarding various residential real estate projects launched by the company.
₹2,425.99 Crore Collected from Nearly 4,600 Homebuyers
During the course of the investigation, ED found that Raheja Developers Ltd. had mobilised approximately ₹2,425.99 crore from nearly 4,600 homebuyers across multiple housing projects.
However, evidence gathered by the agency allegedly indicates that substantial portions of the funds collected from homebuyers were diverted and utilised for purposes other than the development and completion of the promised projects.
The agency alleged that the diversion of funds adversely affected the completion of residential projects and impacted thousands of homebuyers who had invested in the company’s developments.
Total Attached Assets Cross ₹1,600 Crore
The ED noted that this is not the first attachment in the case.
Earlier, through a Provisional Attachment Order dated April 28, 2026, the agency had attached properties belonging to Raheja Developers Ltd., its related entities, promoter Navin M. Raheja and his family members having an estimated current market value of ₹1,113.81 crore.
With the latest attachment of ₹503.48 crore, the total estimated market value of assets attached in the case has now reached approximately ₹1,617.29 crore.
The Enforcement Directorate said that further investigation into the alleged money laundering and diversion of funds is continuing.
The agency is examining the flow of funds, financial transactions and the role of various individuals and entities connected with the case as part of its ongoing probe under the PMLA.
