Enforcement Directorate (ED) teams raid premises in Delhi-NCR linked to housing developers over allegations related to “No EMI till Possession” offers, which the agency says may have been misused to trap homebuyers. Reports say the actions are carried out as part of a money-laundering probe under the Prevention of Money Laundering Act (PMLA).
According to outlet accounts, the raids target AVJ Developers and Rudra Buildwell. Investigators examine whether banks and developers allegedly coordinated to mislead buyers, including scrutiny of how loan or buyer-related funds are handled. Sources describe claims that home projects face delays, that some buyers later encounter EMI payment issues or defaults, and that funds may have been diverted from intended purposes.
While the core details are consistent across reporting, the outlets differ mainly in phrasing and emphasis—some highlight the alleged nexus between lenders and developers, while others focus on the tracing of money flows and the impact on homebuyers. The ED’s probe is ongoing, and no final findings are reported in the available summaries.
