Avoid investing in SRS projects in 3 dists: Government

Tribune News Service

Chandigarh, April 8

Against the backdrop of the ongoing Enforcement Directorate (ED) investigation, the Haryana Government has sounded a warning to the investors to desist from investing in 14 projects of the realty major SRS Group, falling in three districts of Faridabad, Palwal and Rewari in the NCR.

“The general public should not invest any money for the purchase of plot, flat, floor or make any further payment to the coloniser against property already booked by them in the licensed colonies of the SRS Group,” K Makrand Pandurang, Haryana’s Director, Town and Country Planning, said.

While six projects each are in Faridabad and Palwal districts, two are within the jurisdiction of Rewari district in the vicinity of New Delhi. The projects include residential group housing and affordable housing projects.

Going into the reasons for the advisory, the director said the Chandigarh Office of the ED had attached all moveable/immovable properties of the SRS Group and its individual legal entities concerned under the provisions of the Prevention of Money Laundering Act, 2002.

“In the order, it has been directed that the attached properties shall not be transferred, disposed or parted with or otherwise dealt with in any manner without the ED’s prior permission,” the order said, telling investors to approach the ED for any grievances against the coloniser.