The Enforcement Directorate (ED) has recovered incriminating evidence and financial records during a survey operation conducted against Gurugram-based real estate firm Ramprastha Group. The operation was part of an ongoing money-laundering investigation under the Prevention of Money Laundering Act (PMLA) and was carried out on Wednesday. According to the ED, over 1,000 homebuyers invested more than Rs 5 billion in various Ramprastha Group projects but were not handed possession despite having made full or significant payments four to five years ago. The agency alleges that the funds were diverted and projects, including Ramprastha's Rise, City, and SKYZ, were not completed despite exceeding their deadlines. The investigation follows FIRs filed by the economic offences wings of both the Haryana and Delhi Police against Ramprastha Promoters and Developers Private Limited, its directors, and its promoters. The complaints accuse the company of misleading potential homebuyers into purchasing residential units between 2006 and 2016 without delivering the promised homes. The ED also noted that the group's owners, including Balwant Singh and Sandeep Yadav, did not participate in the survey operation. The investigation led to the collection of incriminating documents, including digital evidence and account books. Ramprastha Group's website claims the company holds a substantial land bank in Gurugram with a development potential exceeding 80 million square feet. It has already sold 8,000 residential units, with the potential to reach 100,000 units in the future. This action occurs as Haryana heads toward elections on October 5, with results set to be announced on October 8, along with Jammu and Kashmir. (ET)