Negative impactCompany
Delhi Homebuyer Scheme Under ED Lens: Builders Raided Over 'No EMI' Offers
NDTV Profit 2 hrs ago·14 Aug 2026, 8:03 am
The Enforcement Directorate (ED) has raided multiple construction sites and offices in Delhi-NCR, targeting builders AVJ Developers and Rudra Buildwell. The action is part of a broader probe under the Prevention of Money Laundering Act (PMLA) regarding the alleged misuse of 'No EMI Till Possession' schemes.
Investigators are scrutinizing how these builders collected funds from homebuyers and whether the money was diverted for other purposes. This comes amid complaints of delayed projects and EMI defaults. The ED is tracing the flow of these funds to determine if there was any financial irregularity.
For investors, this development highlights the risks associated with the real estate sector. It signals that regulators are closely watching how developers manage funds, especially those tied to buyer payments. The outcome of this probe could set a precedent for how such schemes are regulated in the future.
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- Category: Company.
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