Economic Times · India ·

India's ED restores ₹650 crore of properties to SRS homebuyers

→Recovered assets transferred to defrauded buyers

Governance Corruption & Accountability Financial Services
Change
India’s Enforcement Directorate restored ₹650 crore of properties to 2,312 homebuyers under PMLA proceedings against the SRS group.
Why it matters
The restoration enforces asset recovery while ongoing attachment and verification proceedings continue to govern ownership transfers.
Implications
  • → Property transfers subject to enforcement oversight — transaction risk persists
  • → Further claims and recoveries pending — legal uncertainty remains

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