ED has taken strict action on a big real estate scam in Gurugram. ED has temporarily attached immovable properties worth about Rs 82 crore in the case related to the commercial project named Ansal Hub-83. This action has been taken under PMLA.
This project was to be built on about 2.47 acres of land in Sector-83 of Gurugram. It includes 147 shops, 137 office space and 2 restaurant units. The investigation began in June 2023 on the basis of the FIR registered by Haryana Police. The complaint was filed by HUB-83 Allottee Welfare Association, which represents more than 1000 investors who have invested in this project.
In the FIR, a case was registered against the promoters and senior officials of the company under sections 120B (conspiracy), 406 (criminal breach of trust) and 420 (fraud) of the IPC. This includes Ansal Housing Limited (earlier Ansal Housing and Construction Limited), its whole time director Kushagra Ansal and his associated companies Samyak Projects Private Limited and Akanksha Infrastructure Private Limited.
ED investigation has made shocking revelations
Necessary government approvals were not taken while launching the project. The license of the project expired in December 2015, but the developers did not renew the license. Despite this, money continued to be taken from investors and units continued to be sold till September 2023, which means that dreams continued to be sold to people without a valid license for almost 8 years.
Investors were promised that they would get possession on time and would be provided world class facilities, but the reality is that even after almost 15 years the project was not completed. Business certificate has not been issued yet.
possession not given
Many investors have also lodged complaints with the Haryana Real Estate Regulatory Authority. Allegations of delay, illegal recovery and violation of rules have been made in the complaints. According to ED investigation, more than Rs 82 crore was collected from investors between 2011 and 2023. But instead of using this money to complete the project, it was diverted for other purposes and personal gains.
ED has temporarily attached the project land and the construction done so far. This means that now this property cannot be sold or transferred. In future, confiscation action may be taken under PMLA.
People who have invested their entire life’s money have been wandering from door to door for the last several years. Now this action of ED has given them hope that maybe their money will be returned or the project will be completed.
