ED attaches ₹585 crore land in Haryana, UP in homebuyers' fraud case

• The Enforcement Directorate (ED) attached 340 acres of land worth ₹585 crore in Haryana and Uttar Pradesh.
• The action is part of a money laundering case against Delhi-NCR-based real estate company ADEL Landmarks Ltd. (formerly Era Landmarks Ltd.) and its promoters Hem Singh Bharana and Sumit Bharana.
• The company allegedly duped 4,771 homebuyers by failing to deliver flats and units for projects launched between 2006 and 2012, even after 12-19 years.
• Promoters diverted ₹1,075 crore collected from homebuyers to group companies instead of using it for project completion.
• Aggrieved customers' refund cheques were dishonored, and project plans were unilaterally altered, denying promised amenities.

Why It Matters: ED seizes ₹585 crore land from a real estate firm for defrauding homebuyers in Haryana and UP.