Government Investigators Search Two Real Estate Companies
Introduction
The Enforcement Directorate (ED) is a government group that looks for money crimes. They searched two real estate companies. The searches happened over two days. They looked at offices and other places of the companies.
Main Body
The ED searched seven places of Raheja Developers. People say the company took money from home buyers but did not give them flats. The ED also searched this company before in June 2025. Raheja Developers said they did nothing wrong. They said a check by a government group showed they spent more money on the project than they got from buyers. They said the project was late because the government did not give water, electricity, or other services. The company paid for these services but did not get them. The ED also searched the offices of Anant Raj Limited. This was for a different money crime investigation. After the news, the price of Anant Raj shares went down by almost 9%. The company did not say anything about the investigation. The ED wants to find where the money went. They think the companies may have used the money for other things. The government is now looking more closely at real estate companies in the area.
Conclusion
The ED's actions show the government is watching real estate companies more carefully. They will look at the papers and computer files they took. We will learn more later.