New Delhi, September 28 (IANS) Enforcement Directorate (ED) Gurugram Zonal Office has provided universally attached an immovable/movable properties worth Rs 153.16 crore to the Universal Buildwell Private Limited and its group organizations and their major colleagues and their major colleagues, the agency said on Sunday.
According to the ED, the assets attached include 29.45 acres of land in Behor, Kotputli, Rajasthan, as well as a fixed deployment of Rs 3.16 crore, September 1725 September 1725, under the provisions of several units in Universal Trade Tower, Sector -49, Gurugram and provisions of the Money -Londering Act (PMLA).
Ed said in a statement, “On September 19, 2025, a complaint of prosecution has also been filed, which the arrested pre-or -omoters and other prominent persons were accused as accused, before the Special PMLA court in Gurugram,” ED said in a statement.
The ED launched an investigation against Universal Buildwell Private Private on more than 30 FIRs registered under various sections of IPC in Delhi-NCR. Ltd., along with his promoters – Raman Puri, Vikram Puri, and Varun Puri – for failure to complete real estate projects on time and for cheating homebuilders and investors, resulting in financial loss.
The agency said, “Three promoters and former directors of M/S Universal Buildwell Private Limited were arrested on 22 July 2025 by ED under PMLA, 2002, and are currently in judicial custody,” the agency said.
The company was later moved to the Corporate Insolvency Resolution Process (CIRP), which approved a resolution scheme related to homebuilders and other financial creditors (FCS).
“The National Company Law Tribunal (NCLT) ordered some assets to be distributed to homebuilders, which were recognized as financial creditors, while the remaining assets were to be liquid,” said this.
Despite waiting for more than 15 years, homebuilding, as a proposed resolution as a result of resolution, can be borne by homebuilders through additional funds to realize their investment in these projects, highlighted it.
Most homebures invested their funds before 2010, and it is expected that they can take extra time before capturing their flats or blanks, as projects have not been completed due to the functions of pre-prols, which have stopped construction since 2010.
“In this case, data collected from the resolution professional has shown that through their accused promoters, the company has collected more than Rs 1,000 crore spread over eight separate projects in Gurugram and Faridabad in 12 years and has used only part funds for development, and closed funds to get land and other assets for their personal benefits, which is evident.
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SAS/VD