# Real estate fraud investigations in Delhi-NCR

> Live situation record from CLSTR: https://clstr.news/situations/real-estate-fraud-investigations-in-delhi-ncr
> Updated: 2026-08-14T05:08:27.000Z. Sources: 3. Developments: 2.

The Enforcement Directorate (ED) conducted raids in the Delhi-NCR region targeting builders involved in fraudulent ‘subvention schemes’. The investigations focus on a builder-bank nexus involving AVJ Developers (India) Private Limited and Rudra Buildwell Construction Private Limited.

According to the ED, these companies promoted schemes promising ‘no EMI until possession.’ However, homebuyers and investors reportedly failed to receive possession even after several years, leading to significant financial losses. The investigations were initiated under the Prevention of Money Laundering Act (PMLA) following cases referred by the Central Bureau of Investigation (CBI) pursuant to a Supreme Court order.

## Timeline

### 2026-08-14: Enforcement Directorate raids Delhi-NCR builders over subvention scheme fraud

The Enforcement Directorate raided developers in Delhi-NCR over fraudulent subvention schemes that deceived homebuyers with false promises of no EMI payments until property possession.

3 sources. https://clstr.news/cluster/enforcement-directorate-raids-delhi-ncr-builders-over-subvention-scheme-fraud

### 2026-07-29: Prime Minister Narendra Modi marks Guru Purnima and touts FTAs opening $60 trillion markets

PM Narendra Modi wished a happy Guru Purnima on X, while Commerce Minister Piyush Goyal said recent FTAs give India access to $60 trillion of global markets, driving export and manufacturing growth.

3 sources. https://clstr.news/cluster/prime-minister-narendra-modi-marks-guru-purnima-and-touts-ftas-opening-60-trillion-markets

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Cite as: Real estate fraud investigations in Delhi-NCR. CLSTR, https://clstr.news/situations/real-estate-fraud-investigations-in-delhi-ncr