A Special Court in Gurugram has mandated the return of immovable properties valued at Rs 650 crore to 2,312 legitimate homebuyers in a case involving the SRS Group. The ruling, issued on March 11 by a Special Judge under the Prevention of Money Laundering Act (PMLA), outlines the restitution of flats and plots from various projects associated with the SRS Group.

Properties Involved in the Court Order

The properties include developments in several projects, such as SRS City, SRS Pearl Floor, SRS Pearl Tower, SRS Residency, SRS Royal Hills, SRS Prime Floor, SRS Pearl Unity, SRS Affordable Housing Project, SRS Pearl Height, and SRS Retreat Farms. This decision follows an extensive investigation led by the Enforcement Directorate (ED), which was prompted by 81 FIRs filed across Faridabad, Delhi, and the Central Bureau of Investigation (CBI).

Background of the Investigation

The SRS Group faces allegations of defrauding investors and financial institutions, with claims of financial misconduct totaling approximately Rs 2,200 crore. According to the ED, the group, primarily operating in real estate and financing, deceived homebuyers, plot purchasers, banks, and financial entities by promising high returns on investments while failing to deliver on their commitments. The ED’s investigation disclosed that funds amassed from investors were funneled through numerous shell companies, ultimately leading to money laundering activities.

Provisional Attachments and Ongoing Legal Actions

A provisional attachment order totaling Rs 2,215.98 crore had previously been issued concerning this case. The ED submitted a prosecution complaint on August 29, 2022, and the Special Court acknowledged it on October 31, 2022. Charges against various individuals involved became official on November 3, 2025.

Steps Toward Justice for Claimants

Officials noted that the recent ruling is a vital advancement in the pursuit of justice as it allows for the return of properties that had been attached to other legitimate claimants, which also includes banks and financial institutions. In related developments, three individuals—Praveen Kumar Kapoor, Sunil Jindal, and Jitender Garg—have been declared proclaimed offenders, prompting the ED to seek support from Interpol for Red Corner Notices against them.

Details on Accused Individuals

Following the issuance of such notices, Kapoor was intercepted at Newark International Airport in the United States and deported back to India on November 2, 2025. He is currently incarcerated in Neemka Jail located in Faridabad. Meanwhile, Jindal and Garg have been labeled as fugitive economic offenders by the court as of January 15 this year.

Restitution of Properties to Homebuyers

Previously, the ED had managed to facilitate the return of 78 flats valued at Rs 20.15 crore back to homebuyers. With the latest judicial order, the cumulative value of properties returned in this case has now escalated to approximately Rs 670 crore. The legal proceedings relating to this matter are still ongoing.

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