ED Attaches ₹400 Cr Assets of JP Group in Noida Homebuyers Fraud

Noida, January 8 (TNA) Enforcement Directorate (ED) has struck a major blow against the Jaypee Group in Noida, attaching immovable assets worth approximately Rs 400 crore belonging to Jaiprakash Sewa Sansthan (JSS), a trust linked to former Jaypee Infratech MD Manoj Gaur, and Page 3 Buildtech Private Limited under the Prevention of Money Laundering Act (PMLA).

The provisional attachment order, issued by ED’s Delhi Zonal Office on January 7, 2026, freezes these properties from any transfer or dealing, stemming from multiple FIRs filed by Delhi and Uttar Pradesh Economic Offences Wing (EOW) on complaints by over 25,000 homebuyers alleging criminal conspiracy, cheating, and breach of trust.

Probe reveals that Jaypee Infratech Ltd (JIL) and Jaiprakash Associates Ltd (JAL) collected around Rs 14,599 crore from buyers for projects like Jaypee Wishtown and Jaypee Greens in Noida, but diverted funds to group entities including JSS instead of construction, leaving thousands awaiting possession amid insolvency proceedings where Mumbai-based Suraksha Group acquired JIL.

ED’s action targets the alleged large-scale fraud and misappropriation, building on prior raids and probes into Rs 12,000 crore investor-homebuyer scam, with no specific breakdown of asset values for each entity disclosed yet . Homebuyers, many still stranded post-2010 bookings, hope this attachment aids recovery, as investigations continue against promoters like Manoj Gaur.