Tag: CHD Developers Ltd

Latest StoriesRegulatory

ED Raids Builders in Delhi-NCR Over ‘Subvention Scheme’ Fraud

NEW DELHI: The Enforcement Directorate (ED) conducted searches at various locations in Delhi-NCR on Wednesday as part of a money laundering investigation linked to alleged fraud involving homebuyers with subvention schemes, officials reported. At least five premises associated with three companies—CHD Developers Ltd., Ninex Developers Ltd., and Manju J Homes (India) Ltd.—were raided under the Prevention of Money Laundering Act (PMLA). The companies were not immediately reachable for comment. The ED’s investigation arises from three FIRs filed by the Central Bureau of Investigation (CBI) in 2025 under the Supreme Court’s direction. The CBI found that builders allegedly misled homebuyers and…

Latest StoriesResidential

Gurugram Buyers Seek Police Help Against CHD Developers’ Pressure

GURUGRAM: Homebuyers of a halted project in the city have reached out to the Economic Offences Wing (EOW) of Delhi Police, claiming they are being pressured to “withdraw” a criminal case. The FIR, lodged on August 14, 2020, includes allegations under sections 420, 406, and 120B of the IPC, regarding cheating, criminal breach of trust, and conspiracy tied to the CHD Vann housing project in Sector 71 by CHD Developers Ltd. The agreement signed that year promised possession within 42 months, by 2018. In response to these pressures, the homebuyers have urged the EOW to acknowledge their grievances, describing the…