ED’s big action on ADEL Landmarks
Every common man dreams of buying his own house. For this he invests his entire life’s savings, but when he does not get a house even after waiting for years, this dream turns into a nightmare. Something similar has happened with thousands of customers of ADEL Landmarks (formerly Era Landmarks). After a long wait of about 19 years and allegations of fraud, now the Enforcement Directorate (ED) has taken major action in this case. ED has taken possession of assets worth more than ₹ 585 crore, tightening the noose on the company and its promoters.
Properties worth ₹585 crore attached
Gurugram zonal office of the Enforcement Directorate (ED), while taking action in a serious case of money laundering, arrested ADEL Landmarks Ltd. And strict action has been taken against its promoters Hem Singh Bharana and Sumit Bharana. ED issued a provisional order on January 9, 2026, under which the company’s immovable properties worth ₹ 585.46 crore have been temporarily attached.
The surprising thing is that the confiscated properties include land spread over about 340 acres. These lands are located in major cities like Gurugram, Faridabad, Palwal, Bahadurgarh of Haryana and Meerut and Ghaziabad of Uttar Pradesh. According to the investigating agency, these properties were registered in the name of the company and its subsidiary companies, which have now been seized under PMLA (Prevention of Money Laundering Act).
Big game of 1000 crores
The roots of this whole matter are quite deep. The ED had initiated its investigation on the basis of 74 separate FIRs and chargesheets, which were filed by Haryana Police, Delhi Police and the Economic Offenses Wing (EOW). Investigation revealed that the company had launched many attractive housing projects in NCR between 2006 and 2012.
If we look at the figures, we can understand the seriousness of the situation. The company collected about ₹ 1,075 crore in the name of bookings from 4,771 customers in 8 projects like Cosmocourt, Cosmocity, Skyville, Redwood Residency and Era Green World. It was promised that the flats and units would be delivered on time. But the reality is that even after 12 to 19 years, these projects are lying incomplete and the buyers are empty handed.
bought land instead of building a house
The most shocking revelation in the ED investigation was that the money taken from customers was not invested in the projects. The investigating agency alleges that the promoters diverted the hard-earned money of homebuyers to other companies of the group. This money was allegedly used to buy land at other places and for personal gains, while the project for which the money was taken remained incomplete.
Not only this, many times the company even changed the plans and maps of the project without informing the customers. The facilities and land area that were originally mentioned were later reduced. When upset buyers asked for their money back (refund), they were handed cheques, many of which bounced at the bank.
Land secretly mortgaged to banks
The process of fraud did not stop here. Investigation has also revealed that the promoters took loans worth crores by mortgaging the land of these projects with banks. All this was done without the knowledge of the customers who had already paid for the flats to be built on those lands. At present, the ED investigation is going on and efforts are being made to find out where else the diverted money has been hidden. this