The Enforcement Directorate has provisionally attached approximately Rs 557.43 crore in a case against Mahira Infratech Pvt. (previously known as M/s Sai Aaina Farms Pvt.), M/s Mahira Buildtech Pvt., and M/s Czar Buildwell Pvt.
The case pertains to alleged cheating and forgery and is being investigated under the Prevention of Money Laundering Act, 2002.
The attached assets includes, seven immovable residential and commercial land of approximately 35 acres, located in sectors across Gurugram. Movable properties in the form of Fixed Deposit Receipts amounting to approximately Rs 97 lakh and belonging to various companies have also been attached by the investigating agency.
In March 2024, Haryana RERA had cancelled registrations of five housing projects by Mahira Infratech, as the builder allegedly violated provisions of the RERA Act. The company failed to complete the construction of the projects across sectors in Gurugram.
RERA had observed that Mahira Infratech’s promoter had diverted money received from homebuyers of the residential projects. Nearly 5,000 buyers had reportedly invested money in these projects.
The assets attached by ED on Saturday include these projects.
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