ED attaches ₹54.71 crore property in Delhi's Maharani Bagh in Amrapali Group case
Synopsis
The ED has attached a ₹54.71 crore Delhi property tied to Amrapali Group's managing director, as part of a money laundering probe where homebuyers' funds worth over ₹5,000 crore were allegedly diverted through shell companies. Years after the Supreme Court intervened to rescue stranded homebuyers, enforcement action against the group's financial network continues.
Key Takeaways
The ED Lucknow Zonal Office provisionally attached property worth ₹54.71 crore at Maharani Bagh, New Delhi on 10 October 2026 .
The property was registered in the name of Surbhaee Advertising , linked to Amrapali Group MD Anil Kumar Sharma via family members and loans.
A forensic audit found homebuyers' funds exceeding ₹5,000 crore were diverted by the Amrapali Group through shell companies.
The probe stems from 18 FIRs filed by UP Police and EOW Delhi Police under multiple IPC sections.
Separately, the ED Jaipur Zonal Office attached ₹34.91 crore in assets linked to Nexa Evergreen investment fraud, including properties in Gujarat and Goa .
The Directorate of Enforcement (ED) has provisionally attached an immovable property worth ₹54.71 crore in Maharani Bagh, New Delhi, in connection with a money laundering case involving the Amrapali Group and associated entities, according to an official statement released on Saturday, 10 October 2026. The property, bearing address A-3 (New), Maharani Bagh, was registered in the name of Surbhaee Advertising and has been identified as proceeds of crime.
Background of the Investigation
The ED's Lucknow Zonal Office initiated the probe on the basis of 18 First Information Reports (FIRs) registered by Uttar Pradesh Police and the Economic Offences Wing (EOW), Delhi Police, against the Amrapali Group of companies and its directors and promoters. The FIRs were filed under Sections 406, 420, 467, 468, 471, and 120-B of the Indian Penal Code, 1860.
How the Fraud Unfolded
According to the ED, the Amrapali Group launched multiple housing projects in Noida and Greater Noida, collecting substantial sums from homebuyers against promises of flat delivery within 36 months along with assured returns. The projects, however, were never completed, and homebuyers received neither possession of their units nor any refunds. A forensic audit found that homebuyers' funds exceeding ₹5,000 crore had been diverted by the group.
The investigation further revealed that the diverted funds were channelled through shell companies and group entities and siphoned off by directors, reportedly under the guise of professional fees. A portion of these funds was routed — directly and through family members of Anil Kumar Sharma, Managing Director of the Amrapali Group — to Surbhaee Advertising in the form of loans, which were then utilised in relation to the now-attached property.
Parallel Attachment by ED Jaipur Office
In a related development, the ED's Jaipur Zonal Office on Friday announced the attachment of immovable and movable properties valued at ₹34.91 crore belonging to entities and individuals linked to Nexa Evergreen, in a separate investment fraud case. The attached assets include 69 immovable properties worth approximately ₹29.37 crore, comprising land parcels and residential plots in Dholera and Dhandhuka in Ahmedabad district, Gujarat, residential flats in Ahmedabad and Sikar, a plot in Sikar, and a 45% shareholding in Shining Sand Beach Resort, Calangute, Goa. The Nexa Evergreen probe was initiated on the basis of multiple FIRs and chargesheets filed by Rajasthan Police alleging large-scale investment fraud.
What Happens Next
Provisional attachment under the Prevention of Money Laundering Act (PMLA) is a precursor to formal confiscation proceedings before the Adjudicating Authority. The Amrapali case has a long judicial history — the Supreme Court of India had in 2019 ordered the cancellation of Amrapali's builder licence and directed the National Buildings Construction Corporation (NBCC) to complete the stalled projects. The latest attachment signals that financial recovery efforts against the group's promoters are still actively ongoing.
Point of View
Yet financial recovery proceedings are still yielding fresh attachments in 2026, seven years on. The ₹54.71 crore attachment, while significant, is a fraction of the over ₹5,000 crore allegedly siphoned. The pattern of routing funds through advertising and shell companies, then into prime Delhi real estate, is textbook money laundering — and the ED's continued action raises the question of how many more properties remain to be traced and recovered for the thousands of homebuyers still awaiting resolution.
NationPress
10 Oct 2026
Frequently Asked Questions
What property has the ED attached in the Amrapali Group case?
The ED has provisionally attached an immovable property worth ₹54.71 crore at A-3 (New), Maharani Bagh, New Delhi, registered in the name of Surbhaee Advertising. The property has been identified as proceeds of crime linked to the Amrapali Group money laundering case.
What is the Amrapali Group money laundering case about?
The Amrapali Group allegedly collected large sums from homebuyers for housing projects in Noida and Greater Noida, promising flat delivery within 36 months, but left projects incomplete without delivering possession or refunds. A forensic audit found that over ₹5,000 crore in homebuyer funds were diverted through shell companies and siphoned off by the group's directors.
Who is Anil Kumar Sharma in the Amrapali case?
Anil Kumar Sharma is the Managing Director of the Amrapali Group. According to the ED, a portion of the diverted homebuyer funds was routed — through his family members — to Surbhaee Advertising as loans, which were used in connection with the now-attached Maharani Bagh property.
What is the significance of the Nexa Evergreen attachment announced the same day?
The ED's Jaipur Zonal Office separately attached ₹34.91 crore in assets linked to Nexa Evergreen, including 69 immovable properties across Gujarat and Goa and a shareholding in a Goa resort, in a large-scale investment fraud case. The simultaneous actions by two zonal offices highlight the ED's ongoing nationwide campaign against financial fraud.
What happens after a provisional attachment by the ED?
A provisional attachment under the Prevention of Money Laundering Act (PMLA) is referred to the Adjudicating Authority for confirmation. If confirmed, the assets can ultimately be confiscated and used for victim restitution, though the process can take several years through legal proceedings.
