The Enforcement Directorate (ED) on Saturday provisionally attached assets worth approximately Rs 557.43 crore in a major crackdown on a real estate scam involving Mahira Group companies.
The action, taken under the Prevention of Money Laundering Act (PMLA), includes 35 acres of residential and commercial land across key sectors in Gurugram and fixed deposits of around Rs 97 lakh.
The case pertains to Mahira Infratech Pvt Ltd (formerly Sai Aaina Farms Pvt Ltd), Mahira Buildtech Pvt Ltd, and Czar Buildwell Pvt Ltd. The ED began its probe based on multiple FIRs lodged by the Gurugram Police for cheating and forgery. These companies allegedly submitted forged documents, including fake bank guarantees, to obtain licences for affordable housing projects in Sectors 68, 103, and 104 of Gurugram.
More than Rs 616 crore was collected from 3,700 homebuyers for these projects, which the company failed to deliver. Instead, funds were misappropriated, with money siphoned off using inflated construction costs and bogus invoices from associated entities.