ED provisionally attaches properties worth Rs 206.40 Crore of region’s Real Estate giant in PMLA Case

Kanwar Inder Singh/ royalpatiala.in News/ March 6,2026

Directorate of Enforcement (ED), Gurugram Zonal Office has issued a Provisional Attachment Order under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 on 06.03.2026, provisionally attaching immovable properties valued at approximately Rs. 206.40 Crore in a money-laundering case involving M/s. TDI Infrastructure Ltd. (formerly known as M/s. Intime Promoters Pvt. Ltd.). The provisionally attached assets include parcels of land admeasuring 8.3 acres approximately as well as commercial units located in Kamaspur, Sonipat, Haryana. These properties are owned by M/s. TDI Infrastructure Ltd. and its associated companies.

ED initiated investigation on the basis of twenty-six (26) FIRs registered/ Chargesheets filed by Delhi Police and the Economic Offences Wing (EOW), Delhi. As per the allegations in the FIRs, M/s. TDI Infrastructure Ltd., its promoters and key managerial persons, cheated and defrauded numerous homebuyers by failing to deliver the promised flats and units within the stipulated timelines and even after delay of 16-18 years in one of the projects.

ED investigation revealed that M/s. TDI Infrastructure Ltd. had launched several commercial/ residential plot/ housing projects in Sonipat, Haryana, and had collected approximately Rs. 4619.43 Crore as advance booking amounts from 14,105 customers across twenty-three projects in Sonipat, Haryana. These projects were launched in the years 2005 to 2014. However, Occupation Certificates in respect of four projects have still not been granted and one of the project “Park Street”, still remains incomplete. The investigation further revealed that the promoters/directors diverted substantial funds collected from homebuyers to subsidiaries/ erstwhile subsidiaries/ land owning companies as advances for purchase of land parcels and other purposes, instead of utilizing the funds for completion of the residential/ housing projects. The company had also utilized the customer funds to repay its loans and make investments also. This diversion of funds ultimately resulted in delay in construction of the company’s projects, thereby, preventing customers from receiving timely possession of their units/ plots.

Earlier, in this case, assets/ properties valuing Rs. 45.48 Crore belonging to M/s. TDI Infrastructure Ltd. and its related entities, were also provisionally attached. Hence, total attachment in the case now stands at Rs. 251.88 Crore.

Further investigation is under progress.