The ED has so far attached 1,296 movable and immovable assets worth ₹2,281.07 crore in the Unitech matter. (Representational image)
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The Enforcement Directorate has provisionally attached properties worth about ₹634.12 crore connected to the Noida-based Unitech Golf & Country Club (UGCC) project in an alleged case of money laundering.“The attached properties include leasehold rights over approximately 347.83 acres of land and equity shareholdings held through consortium/Special Purpose Company (SPC) structures involving Sungrace Products (India) Pvt. Ltd. (Uflex Group) and CIG Infrastructure Pvt. Ltd. The present fair market value of the attachment made in the UGCC project is ₹8,115 crore,” said the agency on Friday (May 29, 2026).The ED probe is based on 76 First Information Reports registered by the Delhi Police and the Central Bureau of Investigation (CBI) against Unitech Limited, its promoters/directors and others, alleging that they fraudulently diverted homebuyers’ funds.According to the ED, its investigation revealed that of the total ₹16,075.89 crore received by Unitech Limited from homebuyers, investors, and financial institutions, funds to the tune of ₹7,794.35 crore were diverted for non-mandated purposes.“Investigation further revealed that Sungrace Products (India) Pvt. Ltd. and CIG Infrastructure Pvt. Ltd. have derived and continue to retain substantial economic interest in the UGCC project without corresponding financial contribution towards acquisition or development of the project,” the agency said.The ED has so far attached 1,296 movable and immovable assets worth ₹2,281.07 crore in the Unitech matter. It has also filed one main and two supplementary prosecution complaints. Published - May 30, 2026 12:01 pm IST
