ED Attaches ₹634.12 Crore Worth Assets Linked to Unitech
Golf & Country Club Project in Noida
New Delhi: The Directorate of Enforcement (ED), Headquarters Investigation Unit (HIU), New Delhi, has provisionally attached assets worth ₹634.12 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in connection with the Unitech Golf & Country Club (UGCC) Project located in Sectors 96, 97, and 98 of Noida.
The attachment was made through a Provisional Attachment Order (PAO) issued on May 27, 2026, as part of an ongoing investigation into an alleged large-scale fraud involving thousands of homebuyers. According to the ED, the project is linked to a case where unsuspecting investors and homebuyers were allegedly cheated through delays, non-delivery of promised properties, and diversion of funds.
Officials stated that the attached assets are associated with the UGCC project, which has an estimated market value of approximately ₹8,115 crore. The action forms part of the agency’s broader effort to trace and secure proceeds of crime generated through the alleged fraudulent activities.
With the latest attachment, the total value of assets attached by the ED in the Unitech-related money laundering investigation has reached ₹2,281.07 crore. The agency has been conducting extensive investigations into the financial transactions, fund diversions, and alleged misuse of homebuyers’ investments connected to various Unitech projects across the country.
ED Attaches ₹634 Crore Assets in Unitech Noida Fraud Case
The ED’s investigation is focused on identifying the beneficiaries of the alleged fraud and recovering assets that can ultimately be used to safeguard the interests of affected homebuyers. Authorities believe that substantial amounts collected from buyers were diverted away from project development, leading to severe financial losses and prolonged delays in possession.
The latest attachment underscores the agency’s continued crackdown on financial crimes in the real estate sector and its efforts to ensure accountability in cases involving large-scale public investment. The investigation remains ongoing, and further action may follow as additional evidence is examined.
Officials emphasized that protecting the interests of homebuyers and recovering misappropriated funds remain key priorities in the case. The ED is expected to continue its probe into the financial trail and the role of individuals and entities connected to the UGCC project.
