Archive · 10 Jan 2026
ED Attaches Rs 585 Crore Land in Fraud Case
The Enforcement Directorate (ED) has attached land worth Rs 585.46 crore in Haryana and Uttar Pradesh as part of a money laundering case against ADEL Landmarks Ltd.
and its promoters, Hem Singh Bharana and Sumit Bharana.
The company collected Rs 1,075 crore from 4,771 homebuyers for eight residential projects launched between 2006 and 2012.
However, these projects remain incomplete, and the promoters diverted the funds to other purposes instead of completing the housing projects.
The ED's investigation is based on 74 FIRs and chargesheets filed by Haryana and Delhi police.
The company also altered project plans and reduced the originally proposed land, leading to the denial of promised amenities to the buyers.
The ED has attached 340 acres of land in various locations as part of its probe.
The ED attached 340 acres of land worth Rs 585.46 crore in Haryana and Uttar Pradesh.
ADEL Landmarks Ltd. and its promoters, Hem Singh Bharana and Sumit Bharana, are accused of money laundering and financial fraud.
The company collected Rs 1,075 crore from 4,771 homebuyers for eight residential projects that remain incomplete.
Funds were diverted to other purposes instead of completing the housing projects.
The ED's investigation is based on 74 FIRs and chargesheets filed by Haryana and Delhi police.
- Who
- Hem Singh Bharana and Sumit Bharana, promoters of ADEL Landmarks Ltd.
- What
- Money laundering and financial fraud against homebuyers
- When
- Provisional attachment order issued on Friday, January 10, 2025
- Where
- Gurugram, Faridabad, Palwal, Bahadurgarh in Haryana, Meerut, Ghaziabad in Uttar Pradesh
- Why
- To dupe homebuyers and launder funds collected for residential projects
- Company Involved
- ADEL Landmarks Ltd. (formerly Era Landmarks Ltd.)
- Promoters Charged
- Hem Singh Bharana and Sumit Bharana
- Amount Fraud
- Rs 1,075 crore
- Number of Homebuyers Affected
- 4,771
- Projects Involved
- Cosmocourt, Cosmocity-I, Cosmocity-III, Skyville, Redwood Residency, Era Green World, Era Divine Court, ADEL Divine Court
- Location of Fraud
- Gurugram, Faridabad, Palwal, Bahadurgarh, Meerut, Ghaziabad
- Assets Attached
- 340 acres of land
- Properties Attached Value
- Rs 585.46 crore
Sources
ED files chargesheet against Ocean Seven Buildtech for Rs 69 crore fraud with Gurugram homebuyers
80-year-old man, wife lose Rs 96 lakh in week-long digital arrest; two Yes Bank officials among 5 arrested
Homebuyers’ ‘fraud’: ED attaches land parcels worth Rs 585 crore in Haryana, UP
