ED RESTITUTES 78 FLATS WORTH RS 20 CRORE TO HOMEBUYERS IN GURGAON PROJECTS

Enforcement Directorate has, for the first time, restituted 78 flats worth more than Rs 20 crore to homebuyers of SRS Group's Pearl, City and Prime projects in Gurgaon. The restitution process began following a directive from Supreme Court and the Punjab & Haryana high court.

Sources said ED is in the process of restituting Rs 2,215 crore worth of attached properties of SRS Group in these projects to buyers after verification of their claims. The agency had attached the properties in Jan 2020 after the promoters were caught laundering homebuyers' money.

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