ED provisionally attaches ₹634.12 crore assets linked to Noida-based UGCC project
The Enforcement Directorate has provisionally attached assets worth ₹634.12 crore linked to the Unitech Golf & Country Club project in Noida due to allegations of money laundering. The investigation is based on multiple FIRs against Unitech Limited and its promoters for allegedly diverting funds meant for homebuyers. The ED has identified significant financial irregularities involving companies associated with the project.
- ▪The attached properties include leasehold rights over approximately 347.83 acres of land.
- ▪The current fair market value of the attachment in the UGCC project is ₹8,115 crore.
- ▪The ED's investigation revealed that ₹7,794.35 crore of the funds received by Unitech Limited were diverted for non-mandated purposes.
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| Publication time | Sat, 30 May 2026 12:01:58 +0530 |
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The Enforcement Directorate has provisionally attached properties worth about ₹634.12 crore connected to the Noida-based Unitech Golf & Country Club (UGCC) project in an alleged case of money laundering.“The attached properties include leasehold rights over approximately 347.83 acres of land and equity shareholdings held through consortium/Special Purpose Company (SPC) structures involving Sungrace Products (India) Pvt. Ltd. (Uflex Group) and CIG Infrastructure Pvt. Ltd. The present fair market value of the attachment made in the UGCC project is ₹8,115 crore,” said the agency on Friday (May 29, 2026).The ED probe is based on 76 First Information Reports registered by the Delhi Police and the Central Bureau of Investigation (CBI) against Unitech Limited, its promoters/directors and others,…
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