New Delhi: In a major action against real estate fraud, the Enforcement Directorate (ED) on Saturday provisionally attached assets worth approximately ₹557.43 crore linked to Mahira Group companies under the Prevention of Money Laundering Act (PMLA).

The attached properties include around 35 acres of residential and commercial land spread across prime sectors of Gurugram and fixed deposits amounting to nearly ₹97 lakh.

The ED investigation is based on multiple FIRs registered by the Gurugram Police, which accused Mahira Infratech Pvt Ltd (formerly Sai Aaina Farms Pvt Ltd), Mahira Buildtech Pvt Ltd, and Czar Buildwell Pvt Ltd of cheating and forgery. The companies allegedly used forged documents and fake bank guarantees to secure licences for affordable housing projects in Gurugram’s Sectors 68, 103, and 104.

Over ₹616 crore was reportedly collected from around 3,700 homebuyers for these projects. However, the ED found that instead of completing construction, the group misappropriated the funds. The investigation revealed that construction costs were inflated through bogus invoices issued by associated entities, allowing the accused to siphon off money for personal use.

According to the ED’s press statement, a significant portion of homebuyers’ money was also diverted to other group firms under the guise of long-pending loans, which remain outstanding to date.

The scam has left thousands of homebuyers in uncertainty, with projects either incomplete or not started. Earlier, the ED had attached assets worth ₹81.07 crore in two separate actions on February 15, 2024, and March 26, 2025.

Prominent figures named in the probe include Sikandar Singh, the promoter of Mahira Group; former Haryana MLA Dharam Singh Chhoker; and Vikas Chhoker. Singh was arrested by the ED in April 2024. Dharam Singh Chhoker, who had been absconding despite six non-bailable warrants issued against him, was arrested in May this year. Meanwhile, Vikas Chhoker continues to evade arrest, with a proclamation notice issued against him by the Special Court in Gurugram.

The ED has filed a prosecution complaint before the court, which has taken cognisance of the charges. Officials say the investigation is still ongoing, and further attachments or arrests may follow as authorities look deeper into the financial irregularities and fraud that have devastated homebuyers.