ED Attaches ₹100 Crore Properties in Jaypee Case, Alleges Diversion of Homebuyers’ Funds
New Delhi, June 10, 2026: The Enforcement Directorate (ED) has attached properties worth around ₹100 crore linked to two entities associated with Jaypee Infratech Ltd (JIL), alleging that funds collected from homebuyers for the Jaypee Wish Town project in Noida were diverted for purposes unrelated to construction.
The latest action is part of an ongoing money laundering investigation involving Jaypee Infratech, Jayprakash Associates Ltd (JAL), and several related entities. According to the agency, the attached assets belong to JC World Hospitality Pvt Ltd and Investors Clinic Infratech Pvt Ltd.
What Has the ED Alleged?
The ED claims that Jaypee entities collected more than ₹32,000 crore from homebuyers for residential projects, particularly the Jaypee Wish Town township along the Noida Expressway.
Investigators allege that a significant portion of these funds was diverted through related companies instead of being used for construction and project completion. The agency believes some of the diverted funds were later converted into land and other assets.
As part of the probe, properties worth approximately ₹40 crore linked to JC World Hospitality and assets worth around ₹60 crore linked to Investors Clinic Infratech have been attached.
Why Is This Case Important?
The Jaypee Wish Town project has remained one of India's most closely watched delayed housing developments. Thousands of buyers have waited years for possession of their homes, with many alleging financial hardship due to project delays.
The ED says the investigation focuses on whether funds collected specifically for construction were diverted elsewhere, leaving projects incomplete and buyers affected.
Manoj Gaur Under Investigation
The agency has named former Jaypee promoter Manoj Gaur as a key figure in the alleged diversion of funds. According to investigators, multiple transactions involving Jaypee Group entities are under scrutiny.
Gaur was arrested by the ED in November 2025 and remains in judicial custody. The agency has already filed a prosecution complaint in the matter as investigations continue.
Suraksha Realty Also Under Scanner
The probe has also extended to Suraksha Realty Ltd, the developer that acquired Jaypee Infratech through the insolvency resolution process.
Authorities are examining whether assets linked to the project were handled appropriately and whether they were utilised for completing pending residential units. More than 17,000 flats linked to the project have been affected by prolonged delays over the years.
What It Means for Homebuyers
For thousands of buyers awaiting possession, the ED's latest action signals increased scrutiny of financial transactions linked to the project.
While the attachment of assets does not immediately resolve pending housing issues, it could play a role in tracing funds and determining accountability in one of India's largest real estate investigations involving homebuyers' money.
Bottom Line
The attachment of ₹100 crore worth of assets marks another major development in the long-running Jaypee Wish Town case. With investigations continuing and multiple entities under scrutiny, affected homebuyers will be watching closely for further action that could impact the future of stalled housing projects and recovery of diverted funds.