Archive · 21 Nov 2025
ED Attaches Rs 108 Crore Plot in Vatika Ltd Fraud Case
The Enforcement Directorate (ED) has seized a plot worth Rs 108 crore from Vatika Ltd, which is accused of cheating investors.
The company promised high returns for investments in future projects but didn't deliver.
Many projects are incomplete or delayed, and investors haven't received their units or returns.
The ED has already attached properties worth Rs 68.59 crore in this case.
ED attaches Rs 108 crore commercial plot in Vatika Ltd case
Investigation reveals criminal conspiracy and cheating by Vatika Ltd and its promoters
659 investors affected, total investment approximately Rs 248 crore
Projects either incomplete or deferred, no conveyance deeds executed
ED previously attached immovable properties worth Rs 68.59 crore, total provisional attachment now Rs 176 crore
- Who
- Vatika Limited, its promoters Anil Bhalla and Gautam Bhalla, and other accused
- What
- Criminal conspiracy, cheating, and dishonestly inducing investors
- When
- Investigation ongoing since multiple FIRs were registered by the Economic Offences Wing (EOW) of Delhi
- Where
- Gurugram and Faridabad, Haryana
- Why
- To lure investors with promises of high returns and then not delivering on those promises
- Investment Amount
- Approximately Rs 248 crore
- Number of Investors
- 659
- Total Provisional Attachment
- Rs 176 crore
- Projects Affected
- 4 (Vatika Inxt City Centre Tower D, E & F, Gurugram; Vatika Mindscapes Tower-C, Faridabad; Vatika Towers Tower-C, Gurugram; Vatika High Street, Gurugram)