The Enforcement Directorate’s Gurugram Zonal Office has provisionally attached immovable properties valued at around Rs 206.40 crore in connection with a money laundering case involving TDI Infrastructure Ltd. The attachment, done under the Prevention of Money Laundering Act (PMLA), includes land parcels spanning about 8.3 acres and various commercial units situated in Kamaspur, Sonipat, Haryana, owned by TDI Infrastructure Ltd. and its associated companies.
The ED’s investigation was initiated based on 26 FIRs and charge sheets filed by the Delhi Police and the Economic Offences Wing. Allegations in the FIRs suggest that the company, along with its promoters and key managerial personnel, deceived numerous homebuyers by not delivering flats and units within the stipulated timelines, with delays extending up to 16–18 years in some cases.
TDI Infrastructure Ltd. launched multiple residential, commercial plot, and housing projects in Sonipat between 2005 and 2014, collecting approximately Rs 4,619.43 crore as advance booking amounts from 14,105 customers across 23 projects. Despite this, four projects lack occupation certificates, and one project named “Park Street” remains unfinished, as per the agency’s findings.
Promoters and directors allegedly diverted significant funds collected from homebuyers to subsidiaries and land-owning companies instead of completing the housing projects, the ED probe revealed. These funds were reportedly used to repay company loans and make investments, leading to construction delays and preventing buyers from obtaining possession of their units or plots on time.
In a previous development, assets worth Rs 45.48 crore belonging to the company and its related entities were attached by the ED. With the recent action, the total attachment in the case now amounts to Rs 251.88 crore. Investigations into the matter are ongoing.
