 searched Ramprastha Group's premises in Gurugram on September 4, investigating money laundering linked to homebuyer complaints.){kind=link}
According to official sources, the Enforcement Directorate searched several Ramprastha Group real estate locations in Gurugram on Wednesday as part of a money laundering probe into claims of deceitful homebuying.
According to the sources, “disgruntled homebuyers for non-fulfilment of the promise of handing over the (housing) projects to them” filed a number of FIRs against the company, which led to the ED case.
In Gurugram, Haryana, there are three projects: Ramprastha Rise, Ramprastha City, and Ramprastha SKYZ.
PTI contacted the company by phone, but got no response.
According to ED sources, a few of the group’s promoters, including Balwant Chaudhary, Arvind Walia, and Sandeep Yadav, have been contacted for interrogation but have not yet joined the inquiry.
According to the company’s website, it has a sizable land bank in Gurugram that has more than 80 million square feet of potential for development.
“We have successfully sold 8000 dwelling units in the region and have a potential to reach near 100,000 dwelling units in the days to come,” the business stated.
The Haryana ED action takes place before the October 5 assembly election.
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