ED Attaches Rs108 Crore Vatika Plot in Ongoing Probe into Investor Fraud
Moneylife Digital Team 21 November 2025
The directorate of enforcement (ED) has provisionally attached a 1.35-acre commercial plot valued at around Rs108 crore in a money laundering probe involving real estate developer Vatika Ltd and its promoters. With this action, total attachments in the case have risen to nearly Rs176 crore.
 
ED says the attachment was made under the Prevention of Money Laundering Act (PMLA), 2002, based on multiple first information reports (FIRs) filed in 2021 by the Delhi police’s economic offences wing (EOW). These FIRs, registered under sections 120B and 420 of the IPC, accuse Vatika, its promoters Anil Bhalla and Gautam Bhalla, and others of criminal conspiracy, cheating and dishonestly inducing investors and homebuyers.
 
According to ED, the investigation revealed that Vatika allegedly enticed investors by promising high assured returns until completion of its projects, followed by rental income thereafter. However, the company reportedly stopped paying these returns midway and did not hand over units to the buyers. The probe also found that the company failed to follow due processes, including the timely renewal of licences from the directorate of town & country planning (DTCP), and did not complete the projects within the stipulated timeline.
 
Investigators identified around 659 investors who collectively invested nearly Rs248 crore in four projects: Vatika Inxt City Centre Tower D, E & F in Gurugram; Vatika Mindscapes Tower-C in Faridabad; Vatika Towers Tower-C in Gurugram; and Vatika High Street (part of V’Lante) in Gurugram. Despite several years having passed, these projects are still incomplete or have been significantly delayed, and no conveyance deeds have been executed so far.
 
ED noted that it had earlier attached immovable properties worth Rs68.59 Crore, which were subsequently confirmed by the adjudicating authority. With the latest attachment of the Rs108 crore commercial plot, the total value of provisional attachments in the case now stands at around Rs176 crore. The agency has also filed a prosecution complaint against Vatika Ltd, promoters Anil and Gautam Bhalla, and other group entities before the special PMLA court in Gurugram on 21 May 2025.
 
Further investigation is underway.
 
You may also want to read...
Comments
Free Helpline
Legal Credit
Feedback