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ED Restores ₹650-Crore SRS Properties to 2,312 Homebuyers After Court Order

The action follows ED verification of legitimate purchasers under a probe built on 81 FIRs alleging a ₹2,200-crore fraud.

Overview

  • The special PMLA court in Gurugram, in a March 11 order, authorized handing over attached units to 2,312 verified buyers.
  • ED says the restored assets comprise flats and plots across SRS City, Royal Hills, Pearl Floors, Pearl Tower, Residency, Prime Floor, Pearl Unity, Affordable Housing, Pearl Height, and Retreat Farms.
  • With an earlier return of 78 flats worth ₹20.15 crore, total restitution in the case now stands at about ₹670 crore.
  • The money-laundering case involves allegations that SRS Group routed investor funds through hundreds of shell companies after luring buyers with promises of high returns.
  • Provisional attachments worth ₹2,215.98 crore remain in place as prosecutions advance, with charges framed in November 2025 and the ED saying the step paves the way for returns to banks and other legitimate claimants.