The Enforcement Directorate (ED) has provisionally attached project land and assets of Ansal Housing Limited (formerly Ansal Housing and Construction Ltd) in Gurugram under the Prevention of Money Laundering Act (PMLA), 2002.
The investigation, initiated on an FIR registered by Haryana Police under sections 120-B, 406, and 420 of the Indian Penal Code, reveals that over ₹82 crore was collected from more than one thousand investors between 2011 and 2023.
Funds collected were allegedly diverted for personal gain rather than project completion. The company’s whole-time director Kushagra Ansal and associated entities – Samyak Projects Private Limited and Aakansha Infrastructure Private Limited – are named in the case. The attached assets have been provisionally frozen to prevent any transfer, sale, or disposal.
Key Highlights
- Agency: Enforcement Directorate (ED), under PMLA 2002
- Amount collected from investors: Over ₹82 crore (2011-2023)
- Investors affected: More than 1,000 allottees
- Key accused: Kushagra Ansal (whole-time director), Ansal Housing Limited, Samyak Projects Pvt Ltd, Aakansha Infrastructure Pvt Ltd
- Project violation: Licence expired December 2015; units sold until September 2023 without renewal
- Regulatory complaints: Filed with HRERA over possession delays, illegal money collection, and statutory violations
- Status of assets: Provisionally attached – transfer, sale, or disposal blocked under PMLA
Location Context: Why Gurugram Matters
Gurugram remains one of India’s most active real estate markets, attracting large volumes of homebuyer investment across residential projects. The city’s rapid commercial growth has historically drawn both end-users and investors making it a high-stakes environment where project delays and developer defaults carry significant financial consequences. This case involves a zonal office project in Gurugram, underscoring the importance of RERA compliance verification before committing to any under-construction or stalled project in the region.
What This Means for Buyers and Investors
For homebuyers, the ED’s findings highlight a critical red flag: projects continued selling units for nearly eight years after the developer’s licence expired in December 2015, with no occupation certificate issued despite promises of world-class facilities. Always verify a project’s RERA registration status, licence validity, and occupancy certificate before making payment.
For existing allottees in stalled projects, the provisional attachment of assets is a double-edged development, it prevents further dissipation of funds, but may also complicate possession timelines during ongoing legal proceedings.
For investors broadly, this case reinforces the value of checking a developer’s litigation history, HRERA complaint records, and licence renewal status — especially for projects that have seen repeated possession delays.