The Enforcement Directorate (ED) has attached 389 immovable properties valued at Rs 240.03 crore belonging to Bhasin Infra, a real estate firm that deceived investors by collecting money for commercial space at a mall in Greater Noida’s Surajpur. The market value of the properties now exceeds Rs 700 crore.
In a statement, an official disclosed that the ED’s action against the builders of the ‘Grand Venezia Commercial Complex’ in Surajpur, Greater Noida, led to the attachment of 5 immovable properties in Goa worth Rs 37.00 crore under the names of India Oceanworld Pvt. Ltd. and Goa Connect Properties Pvt. Ltd.
Additionally, the ED seized 384 commercial units/shops valued at Rs 203 crore in the Grand Venice Mall, Greater Noida, which were illicitly diverted in the name of Grand Express Developers Pvt. Ltd.
ED attaches properties worth Rs 240.03 crore of Bhasin Infra for duping investors
Indian Community Editorial Team
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