The action pertains to projects located in Palwal, Faridabad, Rewari and Bhiwadi, where buyers were allegedly left without possession despite payments, according to the agency.
In a statement, the ED said it “has provisionally attached immovable properties of Rs 944 crore (approx.), held by Piyush Colonisers Limited, ex-promoters of the company and their associated business entities/persons.” The attached assets include project land, flats, agricultural land and commercial spaces across the four locations.
The agency said the project land parcels include about 63 acres in Palwal, 62 acres in Bhiwadi and around 7 acres in Dharuhera, along with nearly 19,000 sq ft of commercial space in Faridabad.
The ED initiated the probe based on FIRs registered by Haryana Police, the Economic Offences Wing (EOW) in New Delhi, and the CBI under various provisions of the IPC, 1860, related to alleged criminal conspiracy, cheating and criminal misconduct.
