INVC NEWS
New Delhi — : Raids targeting Jaypee Infratech, Jaypee Associates, and associated entities have intensified as the Enforcement Directorate (ED) investigates a massive ₹12,000 crore money laundering case tied to homebuyer fraud. Sources confirm that the ED conducted searches across multiple locations in Delhi-NCR and Mumbai under the Prevention of Money Laundering Act (PMLA). These actions are linked to alleged financial misconduct and large-scale cheating involving thousands of homebuyers and investors.
According to officials, the probe stems from multiple complaints against Jaypee Infratech and Jaiprakash Associates Limited — a conglomerate active in real estate, power, cement, and hospitality — currently undergoing bankruptcy proceedings. The ED is examining the diversion and misuse of funds collected from buyers for delayed or stalled residential projects. Additional scrutiny has also extended to real estate groups including Gaursons, Gulshan, Mahagun, and Suraksha Realty.
Suraksha Realty, which took over Jaypee Infratech under insolvency resolution to deliver over 20,000 pending flats in the NCR region, is also being assessed for financial links. During the raids, enforcement teams seized key documents, digital records, and computer hardware believed to contain evidence of fund misappropriation. No statements have yet been issued by the companies under investigation.
This major crackdown by ED is expected to have significant implications for the real estate sector, particularly for developers under regulatory watch for financial irregularities and stalled housing projects. Homebuyers and investors impacted by delayed Jaypee Group projects may see fresh momentum toward justice and resolution.
