The Enforcement Directorate (ED) says it has provisionally attached assets worth about Rs 500 crore in connection with the Raheja Developers matter. According to the ED, Raheja Developers collected around Rs 2,426 crore from homebuyers, but diverted a substantial portion of those funds away from project development. The ED presents this as large-scale funds diversion rather than spending primarily on constructing the homes for which money was collected. The reports describe the ED’s action as part of its ongoing investigation into alleged financial irregularities involving homebuyer collections and the subsequent movement of funds. While the ED outlines the scale of collections and the alleged diversion, the available information focuses on the agency’s claims and enforcement step. The sources do not provide details on the projects’ status, the specific attached assets, or any response from Raheja Developers in the excerpts provided. The ED’s provisional attachment is presented as a legal measure within its investigation framework.