Gurugram project fraud: ₹82 crore assets seized, 1,000 buyers left stranded

15 Years, No Possession: ED Acts in ₹82 Cr Gurugram Case

In a major crackdown on real estate fraud, the Directorate of Enforcement (ED) has provisionally attached properties worth around ₹82 crore linked to the stalled “Ansal Hub-83” commercial project in Gurugram.

 

The move comes as part of an ongoing investigation into alleged money laundering and cheating of over 1,000 investors who had put money into the project over more than a decade.

 

What the case is about

 

The project, located in Sector 83, Gurugram, was launched by Ansal Housing Limited and its associated entities. The project is spread over a land area of 19 Kanal 15 Marla (approximately 2.47 acres) and consists of 147 commercial shops, 137 office spaces and 2 restaurant units.

 

According to investigators, the developers continued to sell units and collect money even after the project licence expired in 2015. Despite promises of timely delivery and modern infrastructure, the project remains incomplete nearly 15 years later, with no possession given to buyers.

 

The case originated from a complaint by the allottee welfare association, after which an FIR was registered by the Haryana Police under cheating and criminal breach of trust provisions.

 

"The investigation was initiated on the basis of an FIR registered by Haryana Police u/s 120- B, 406 and 420 of IPC, 1860 in June 2023 against the promoters and senior officials of M/s Ansal Housing Limited (Formerly known as M/s Ansal Housing & Construction Ltd) including its whole time Director Kushagra Ansal and its associated entities namely M/s Samyak Projects Private Limited and M/s Aakansha Infrastructure Private Limited on the basis of a complaint of HUB-83 Allottee Welfare Association, representing more than one thousand investors who had invested their hard-earned money in the said project on the basis of false assurances and misleading representations," said the ED release.

 

Where did the money go?

 

The ED’s probe has revealed that:

 

• Over ₹82 crore was collected from investors between 2011 and 2023
• Funds were allegedly diverted instead of being used for construction
• Sales continued without valid approvals
• Buyers were misled with false assurances
• Several investors had also approached the Haryana Real Estate Regulatory Authority (HRERA), complaining about delays, non-delivery, and illegal fund collection.

 

What ED’s action means

 

The attached assets include the project land and partially completed construction. This means:

 

• The developer cannot sell or transfer these assets
• The assets are secured for potential recovery proceedings
• It strengthens the case for future compensation or legal action

 

While this does not immediately return money to investors, it is a critical step in protecting whatever value remains in the project.

 

What homebuyers should learn from this

 

This case highlights key risks in real estate investing:

 

1. Check approvals before investing

 

Ensure the project has valid licences and regulatory approvals.

 

2. Track project timelines

 

Long delays (especially beyond 3–5 years) are a red flag.

 

3. Verify RERA registration

 

Projects must be registered under RERA for accountability.

 

4. Be cautious of “too good” promises

 

World-class amenities and fast delivery claims should be backed by execution history.

 

With investigations still ongoing, authorities say further action could follow. For affected investors, the ED’s intervention offers some hope—but also serves as a reminder: in real estate, due diligence is your strongest protection.