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ED Attaches Rs 136-Crore Assets of Gurugram Realty Group in Home Buyers Fraud Case
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Moneycontrol•14-10-2026, 19:43
ED Attaches Rs 136-Crore Assets of Gurugram Realty Group in Home Buyers Fraud Case
- •The Enforcement Directorate attached land parcels and bank deposits worth over Rs 136 crore belonging to Gurugram-based Ocean Seven Buildtech Pvt Ltd and its promoters.
- •Promoter Swaraj Singh Yadav was arrested in November 2025 for allegedly duping buyers through arbitrary cancellations and re-allotments of affordable housing projects.
- •Investigations revealed OSBPL collected over Rs 118 crore for Rajasthan projects between 2006 and 2015 without developing the sites or handing over possession.
- •Collected funds were diverted to purchase office premises in Gurugram and make advances for other projects instead of developing the promised housing schemes.
- •About 39 acres of land owned by the company were illegally alienated to close associates or third parties after FIRs were registered against the promoters.
Key Questions Answered
The Enforcement Directorate seized land parcels in Bilonchi village and Kotputli-Behror in Rajasthan, a residential plot in Sector-102, Gurugram, and bank balances across five accounts totaling over Rs 136 crore.
Swaraj Singh Yadav was arrested by the Enforcement Directorate in November 2025 on charges of duping buyers of affordable housing projects.
OSBPL collected over Rs 118 crore for four projects between December 2006 and March 2015 without developing them. Collections for the Amber Garden project even began before applying for the project map, and funds were diverted to buy office premises and advance other projects instead of delivering plots.
