Gurugram, Feb 19 (NationPress) In a significant move concerning real estate fraud tied to the Ansal Hub-83 project located in Sector-83 of Gurugram, the Enforcement Directorate (ED) has provisionally attached immovable properties valued at Rs 82 crore. This action targets the promoters and high-ranking officials of Ansal Housing Limited, as reported on Thursday.

The ED's Gurugram Zonal Office has executed this attachment under the Prevention of Money Laundering Act (PMLA), 2002.

The proceedings were launched against the promoters of this commercial venture, which occupies a land area of 19 Kanal 15 Marla (approximately 2.47 acres) and includes 147 commercial shops, 137 office spaces, and two restaurant units.

The investigation stemmed from a First Information Report (FIR) filed by the Haryana Police under sections 120-B, 406, and 420 of the Indian Penal Code (IPC), 1860, addressing offenses related to cheating, conspiracy, and breach of trust.

The FIR was lodged in June 2023 against the promoters and senior executives of Ansal Housing Limited (previously known as Ansal Housing and Construction Ltd), including its whole-time director Kushagra Ansal, as stated by the ED.

Additionally, the FIR identified the company's associated entities, Samyak Projects Private Limited and Aakansha Infrastructure Private Limited, based on a complaint from the HUB-83 Allottee Welfare Association, which represents over 1,000 investors who were misled into investing their savings in the project.

Investigations revealed that the project was marketed and commercial units sold to investors even before securing valid statutory approvals. Despite the project license expiring in December 2015, developers continued to collect funds from investors and sell units until September 2023 without renewing the license.

Many dissatisfied investors have reached out to the Haryana Real Estate Regulatory Authority (HRERA) with complaints about delays in possession, project incompletion, illegal fund collection, and breaches of statutory obligations by the developer, according to the ED.

Investors were assured of timely possession and world-class amenities; however, after nearly 15 years, no occupation certificate has been issued, and possession remains unfulfilled, as per the ED.

It was uncovered that the funds raised were not allocated for project completion but diverted for unrelated purposes and personal benefits. The ED's investigation disclosed that over Rs 82 crore was amassed from allottees from 2011 to 2023. The project land and current construction have been provisionally attached to avert any transfer, sale, or disposal of assets that may obstruct future confiscation actions under the PMLA.