Finance
EnglishGurugram Project Scandal: ₹82 Crore Assets Seized and Counting
In a wild twist, the Enforcement Directorate has swooped in, grabbing ₹82 crore in assets tied to the 'Ansal Hub-83' project in Gurugram. Over 1,000 investors are left high and dry after waiting 15 years for their dream spaces, as developers kept cashing in even after their license expired. Now, no selling allowed until this mess gets sorted out!
few days ago | Sunainaa Chadha
Quick rundown
1.ED attaches ₹82 crore assets in Gurugram real estate fraud.
2.Ansal Hub-83 project stalled despite promises of modern infrastructure.
3.Over 1,000 investors misled with false assurances and expired licenses.
4.ED's action secures assets for potential recovery and legal proceedings.
5.Real estate due diligence is crucial to avoid investment risks.
