Delhi Homebuyers Under Siege as ED Targets Fraudulent Builders Across NCR
For thousands of Delhi-NCR residents still waiting on homes they paid for years ago, this week brought some measure of accountability as federal investigators moved against builders accused of large-scale financial fraud.
🔍 ED Searches Delhi-NCR Properties in Homebuyers' Fraud Investigation
The Enforcement Directorate carried out search operations at multiple locations across Delhi-NCR as part of a money laundering investigation involving alleged fraud against homebuyers. The searches are part of a broader probe into real estate practices that left buyers financially stranded. Such enforcement actions signal that federal agencies are intensifying scrutiny of the property sector in the region. [1]
🏗️ Builders Raided Over 'Subvention Scheme' Fraud Linked to Supreme Court-Ordered FIRs
The Enforcement Directorate conducted searches at several builder premises in Delhi-NCR in connection with a money laundering case tied to an alleged subvention scheme fraud. The ED's investigation under the Prevention of Money Laundering Act stems from three FIRs filed by the CBI in 2025 on the directions of the Supreme Court. The subvention scheme, which was marketed as a buyer-friendly arrangement, is alleged to have been misused to siphon funds at the expense of homebuyers. [7]
Sources: [1] News On AIR · [7] ETV Bharat