ED provisionally attaches ₹136.42 crore in Ocean Seven Buildtech case

What the ED says happened

On 14 October 2026, the ED announced a provisional attachment of assets valued at ₹136.42 crore belonging to Ocean Seven Buildtech Private Limited, promoter Swaraj Singh Yadav and his wife, Sunita Swaraj. The agency said the total value of assets attached in the case had reached approximately ₹188 crore.

The investigation concerns alleged collections of more than ₹118 crore from buyers for Amber Garden, Kot Residency, Kot Farms and Kot Industrial Estate in Rajasthan. The ED alleges that buyers were promised development and possession of their allotted plots within three to four years, but did not receive possession.

The ED said collections for Amber Garden began in December 2006, before the company had applied to the Jaipur Development Authority for approval of the project map. According to the agency, inspections by the development authority and revenue officials found the projects undeveloped and the sites substantially vacant. It also alleged that some buyers who had paid in full and received registered conveyance deeds and possession letters still lacked possession or plot demarcation.

Assets and investigation

The latest attachment covers land parcels in Bilonchi village, Jaipur district, and Kotputli-Behror, as well as a residential plot in Sector 102, Gurugram. It also includes balances totalling ₹69.06 lakh in five bank accounts held by the company and the couple.

The ED said the latest action principally relates to two Rajasthan police FIRs: FIR No. 0250, registered at Daulatpura police station in Jaipur (West) on 7 December 2025, and FIR No. 0326, registered at Paniyala police station in Kotputli-Behror on 23 November 2025. The wider investigation was initiated on the basis of FIRs registered by Delhi Police’s Economic Offences Wing and by Haryana and Rajasthan police. The alleged offences include cheating, criminal breach of trust, forgery and criminal conspiracy.

The agency alleges that buyer funds were diverted to purposes unrelated to developing the four projects, including purchasing office premises in Gurugram and making advances towards other projects. It also said that approximately 39 acres owned by the company and its promoters were transferred to close associates or third parties between June and September 2025, after FIRs were registered. Those properties were included in the latest provisional attachment.

The ED had earlier provisionally attached assets worth approximately ₹51.57 crore under an order dated 5 January 2026. It filed a prosecution complaint before the PMLA Special Court at Patiala House Courts, New Delhi, on 9 January 2026.

What it means for buyers and what happens next

The attachment is an enforcement action over assets, not a ruling that the allegations have been proved. For buyers who say they paid for the Rajasthan plots, the ED’s allegations describe a dispute over possession and development; the attachment itself does not establish that buyers will receive plots or refunds.

As of 15 October 2026, the ED said its investigation was continuing and gave no timetable for further action. The case will proceed through the relevant legal process. Ocean Seven Buildtech is also identified in a Haryana RERA filing as the promoter of Gurugram projects including The Venetian and Golf Heights; the records cited do not establish a link between those projects and the Rajasthan allegations.