ED tells homebuyers to report builders who refuse RERA details

The Enforcement Directorate has advised homebuyers to report builders to law enforcement and RERA if they refuse to share registration details, insist on cash, delay documents or fail to refund money. The Times of India reports the agency also warned against relying on oral promises or notarised papers and said to verify title documents, approvals and encumbrance before payment. Promises of very high returns or guaranteed buyback should be treated as warning signs, the ED said.

The advisory came as the ED provisionally attached assets worth Rs 129.80 crore of an Ahmedabad-based realty company and its promoters, linked to the Keshav Narayan Group, under the Prevention of Money Laundering Act. The Federal reports the case stems from multiple FIRs by Ahmedabad police alleging the accused cheated homebuyers by marketing projects without mandatory RERA registration and offering assured returns of 54 to 100 per cent. The Times of India notes that a builder refusing RERA details does not automatically indicate fraud, as some projects are exempt, but refusal where registration applies is a serious red flag.

Buyers can check a project's RERA registration on the official state RERA portal. The ED said it remains committed to tracing proceeds of crime and protecting homebuyers by confiscating and eventually restoring assets to victims.