ED attaches ₹634 crore Unitech Golf & Country Club assets in Noida under PMLA
Synopsis
The ED has provisionally attached ₹634 crore worth of assets tied to the Unitech Golf & Country Club project in Noida — but the real number is bigger: the fair market value of the seized assets stands at ₹8,115 crore. With nearly ₹7,794 crore allegedly diverted from homebuyers and institutions, and 76 FIRs backing the probe, this is one of India's largest ongoing real-estate money laundering cases.
Key Takeaways
The ED provisionally attached assets worth ₹634.12 crore linked to the Unitech Golf & Country Club (UGCC) project in Noida on 27 May 2025 .
Attached assets include leasehold rights over 347.83 acres across Sectors 96, 97, and 98 in Noida, plus equity holdings via Sungrace Products and CIG Infrastructure .
The fair market value of the attached UGCC assets is estimated at ₹8,115 crore .
Unitech allegedly diverted ₹7,794.35 crore out of ₹16,075.89 crore collected from homebuyers, investors, and financial institutions.
Cumulative ED attachments in the broader Unitech case now stand at ₹2,281.07 crore across 1,296 properties .
One main charge sheet and two supplementary charge sheets have been filed before the Special PMLA Court, Delhi .
The Enforcement Directorate (ED) has provisionally attached properties worth ₹634.12 crore linked to the Unitech Golf & Country Club (UGCC) project in Noida under the Prevention of Money Laundering Act (PMLA), according to an official statement released on Friday, 29 May. The attachment order was issued on Wednesday, 27 May by the ED's Headquarters Investigation Unit (HIU).
What Was Attached
The attached assets cover leasehold rights over approximately 347.83 acres of land spread across Sectors 96, 97, and 98 in Noida, along with equity shareholdings held through consortium and Special Purpose Company (SPC) structures. The entities involved include M/s Sungrace Products (India) Pvt Ltd of the Uflex Group and M/s CIG Infrastructure Pvt Ltd. The ED estimates the current fair market value of the attached UGCC assets at approximately ₹8,115 crore — more than 12 times the provisional attachment figure.
The Money Laundering Allegations
The ED's probe is anchored in 76 FIRs registered by Delhi Police and the Central Bureau of Investigation (CBI) against Unitech Limited, its promoters, directors, and others under the Indian Penal Code (IPC) and the Prevention of Corruption Act. The charges include cheating, criminal conspiracy, and diversion of homebuyers' funds.
According to the agency, Unitech received ₹16,075.89 crore from homebuyers, investors, and financial institutions. Of this, nearly ₹7,794.35 crore was allegedly diverted for purposes not mandated under the project's obligations — a diversion rate of roughly 48% of total collections.
Role of Uflex Group and CIG Infrastructure
The ED further alleged that M/s Sungrace Products (India) Pvt Ltd and M/s CIG Infrastructure Pvt Ltd derived and continued to retain substantial economic interests in the UGCC project without making corresponding financial contributions toward its acquisition or development. The agency has characterised the assets held by these entities as 'proceeds of crime.'
Broader Unitech Case: Cumulative Attachments
The UGCC attachment is part of a wider, ongoing investigation into the Unitech group. So far, the ED has attached 1,296 movable and immovable properties worth ₹2,281.07 crore in the broader Unitech case. One main charge sheet and two supplementary charge sheets have already been filed before the Special PMLA Court in Delhi, with further investigation continuing.
What Happens Next
The ED stated it remains committed to securing and restituting proceeds of crime to innocent victims and lawful claimants in a transparent and expeditious manner. With assets worth over ₹8,115 crore now under scrutiny and thousands of homebuyers still awaiting resolution, the pace of restitution proceedings before the Special PMLA Court will be closely watched.
Point of View
115 crore were allegedly built on funds siphoned from ordinary homebuyers. The Unitech case has dragged on for years, and while the ED's cumulative attachment tally now crosses ₹2,281 crore, the pace of actual restitution to affected buyers remains the critical — and largely unaddressed — question. India's PMLA framework is effective at freezing assets; it is far less efficient at getting money back to victims. With 76 FIRs and three charge sheets already filed, the judicial clock is ticking, but homebuyers waiting for possession or refunds will want to see the Special PMLA Court move faster than it historically has.
NationPress
14 Jul 2026
Frequently Asked Questions
What has the ED attached in the Unitech Golf & Country Club case?
The ED has provisionally attached assets worth ₹634.12 crore linked to the Unitech Golf & Country Club project in Noida, including leasehold rights over 347.83 acres across Sectors 96, 97, and 98, and equity shareholdings held by Sungrace Products (India) Pvt Ltd and CIG Infrastructure Pvt Ltd. The fair market value of these assets is estimated at ₹8,115 crore.
Why is the ED investigating Unitech?
The ED's money laundering probe is based on 76 FIRs filed by Delhi Police and the CBI against Unitech Limited, its promoters, and directors for alleged cheating, criminal conspiracy, and diversion of homebuyers' funds. The agency alleges Unitech diverted nearly ₹7,794.35 crore out of ₹16,075.89 crore collected from homebuyers, investors, and financial institutions.
What is the total value of assets attached by the ED in the Unitech case so far?
Cumulatively, the ED has attached 1,296 movable and immovable properties worth ₹2,281.07 crore in the broader Unitech case. The latest UGCC attachment of ₹634.12 crore is part of this ongoing investigation.
What is the role of Sungrace Products and CIG Infrastructure in the case?
The ED has alleged that M/s Sungrace Products (India) Pvt Ltd of the Uflex Group and M/s CIG Infrastructure Pvt Ltd retained substantial economic interests in the UGCC project without making corresponding financial contributions to its acquisition or development. Their holdings have been characterised as proceeds of crime.
What is the current status of the legal proceedings?
One main charge sheet and two supplementary charge sheets have already been filed before the Special PMLA Court in Delhi. The ED has stated that further investigation is underway and that it is committed to restituting proceeds of crime to victims in a transparent and expeditious manner.
