Earlier, the Enforcement Directorate conducted searches at three locations in Delhi and Gurugram linked to the accused. File
| Photo Credit: Photo Credit: X/@dir_ed
The Enforcement Directorate (ED) has arrested Sandeep Yadav and Arvind Walia, promoters of Ramprastha Group, in connection with an alleged money-laundering case linked to a ₹1,100 crore builder-buyer “scam” case, according to the agency.
The agency earlier conducted searches at three locations in Delhi and Gurugram linked to the accused. Both the accused are majority shareholders of Ramprastha Promoters & Developers Private Limited (RPDPL), the flagship company of the group.
Private builder asked to compensate allottee for not delivering flat on time
As alleged by the ED, RPDPL had collected nearly ₹1,100 crore from more than 2,000 homebuyers across several residential projects, such as Project Edge, Project Skyz, Project Rise and the plotted colony Ramprastha City. However, it allegedly failed to deliver possession even after 15 to 20 years.
Earlier, on July 11, the agency had attached immovable properties worth ₹681.54 crore related to RPDPL and its group companies. The attached assets included two plotted colonies of Ramprastha City measuring about 226 acres at Sector 37D, Sector 92 & 95, Gurugram and land parcels measuring about 1,700 acres in Basai, Gadoli Kalan, Hayatpur and Wazipur of Gurugram.
The ED probe is based on the cases registered by the Delhi police’s Economic Offences Wing the Haryana police based on the complaints of numerous homebuyers against RPDPL and its promoters Arvind Walia, Balwant Chaudhry Singh and Sandeep Yadav.
“ED investigation revealed that various projects of RPDPL such as Project Edge, Project Skyz, Project Rise, and Ramprastha City (plotted colony project) situated at Sectors 37D, 92 and 95 Gurugram were launched in 2008-2011 and possession of flats/plotted lands are yet to be given even after lapse of more than 14-17 years,” it had said.
Published – July 21, 2025 03:36 pm IST
