ED Attaches ₹580 Crore Land in Real Estate Money Laundering Case Against ADEL Landmarks
January 10, 2026
The Enforcement Directorate (ED) on January 10, 2026, attached hundreds of acres of land worth more than ₹580 crore in Haryana and Uttar Pradesh. The move targets ADEL Landmarks Limited, a Delhi-NCR real estate company, and its promoters Hem Singh Bharana and Sumit Bharana. The agency issued the provisional attachment order on January 9 under the Prevention of Money Laundering Act (PMLA). It covers 340 acres in Gurugram, Faridabad, Palwal, Bahadurgarh (Haryana), and Meerut, Ghaziabad (Uttar Pradesh). The land value is ₹585.46 crore. The case traces back to 74 FIRs and charge sheets by Haryana and Delhi police. The company is accused of cheating many homebuyers by not delivering flats even after 12-19 years of delay. ADEL Landmarks launched eight major residential projects between 2006 and 2012, including Cosmocourt, Cosmocity I & III, Skyville, Redwood Residency, Era Green World, Era Divine Court, and ADEL Divine Court. They collected ₹1,075 crore from 4,771 customers as advance booking amounts. However, these projects remain incomplete to date. ED said the promoters diverted large funds to their group firms to buy land and other uses instead of completing the housing projects. Many customers, seeking refunds, were issued cheques which bounced for various reasons. The company also changed project plans and reduced land areas unilaterally, cutting down on promised amenities. These developments left homebuyers in the lurch, fueling criminal probes that led to the ED’s land attachment action.
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Tags:
Enforcement directorate
Money laundering
Real estate fraud
Adel Landmarks
Homebuyers
Land Attachment
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