ED Attaches Ansal Housing Properties

The India — Enforcement Directorate has provisionally attached immovable properties worth Rs 82 crore belonging to Ansal Housing Limited, its director Kushagra Ansal, and associated entities Samyak Projects Private Limited and Aakansha Infrastructure Private Limited. This action is in connection with a large-scale real estate fraud related to the 'Ansal Hub-83' commercial project in Gurugram. The investigation, initiated based on an FIR by Haryana — Haryana Police following a complaint from the HUB-83 Allottee Welfare Association, revealed that Ansal Housing Limited sold commercial units without statutory approvals and continued to collect funds even after the project's license expired in 2015. Investors, numbering over a thousand, were promised timely possession and world-class facilities, but after nearly 15 years, no occupation certificate has been issued. The collected funds, exceeding Rs 82 crore, were allegedly diverted for personal gain rather than project completion. The attachment aims to prevent asset transfer and ensure future confiscation proceedings under the Prevention of Money Laundering Act.