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Properties worth ₹175 crore restored to homebuyers
Mint Chennai
|October 15, 2025
The Directorate of Enforcement (ED) has restored 354 seized flats and several commercial units of a bankrupt real estate developer, Udaipur Entertainment World Pvt. Ltd, to the successful acquirer of the company, marking the resolution of legal complexities in the revival of an insolvent company entangled in money laundering investigations.
ED returns seized flats, helping 213 homebuyers.
(HT)
ED said in a statement on Tuesday that the restitution of properties worth ₹175 crore, which include 17 commercial units, will ultimately benefit the genuine homebuyers who had purchased units in Udaipur’s Royal Rajvilas project.
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