Gurugram, November 12, 2026 (Yes Punjab News)
The Enforcement Directorate (ED) has filed a chargesheet against 41 individuals and entities in an alleged Rs 1,000-crore housing fraud involving ADEL Landmarks, which failed to deliver flats to thousands of homebuyers in Gurugram, Faridabad and Palwal, an official said on Thursday.
The chargesheet was filed by the ED’s Gurugram Zonal Office before the Special Court under the Prevention of Money Laundering Act (PMLA), 2002. Those named include ADEL Landmarks and its then directors, Hem Singh Bharana and Sumit Bharana. The court issued notices to all accused individuals and entities on November 3, the agency said.
The investigation was initiated on the basis of 74 FIRs registered and chargesheets filed by police in Haryana and Delhi, including the Economic Offences Wing. The cases alleged that the company, its promoters and associate firms cheated homebuyers by failing to deliver promised flats and units, with delays ranging from 12 to 19 years.
According to the ED, ADEL Landmarks collected more than Rs 1,075 crore in booking advances from 4,771 customers for several residential projects launched between 2006 and 2012. These included Cosmocourt, Cosmocity-L, Cosmocity-III, Skyville, Redwood Residency, Era Green World, Era Divine Court and ADEL Divine Court. The projects remain incomplete.
The agency alleged that instead of using the funds to complete the projects, the company’s then directors and promoters diverted substantial amounts to group companies as advances for purchasing land parcels and for other purposes. The diversion allegedly led to the non-delivery of booked flats, plots and other units.
Earlier, the ED attached immovable properties, including plots and land parcels measuring around 340 acres in Haryana and Uttar Pradesh, valued at Rs 585.46 crore. The properties are located in Gurugram, Faridabad, Palwal and Bahadurgarh in Haryana, as well as Meerut and Ghaziabad in Uttar Pradesh.
The agency has also sought confiscation of the alleged proceeds of crime under the PMLA through its prosecution complaint.
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