📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Crime
ED reveals 4,771 homebuyers paid ₹1,075 crore in booking advances, still waiting 19 years for flats
✍️ Amar Ujala · Maharashtra
🗓 12 Nov 2026, 06:35 PM
👁 7
The Enforcement Directorate reports that 4,771 homebuyers have collectively paid ₹1,075 crore as booking advances but have been left waiting nearly two decades for possession of their apartments or houses.
The Enforcement Directorate (ED) has disclosed that a total of 4,771 homebuyers across the country have paid booking advances amounting to roughly ₹1,075 crore. These payments were made with the expectation of receiving possession of the promised flats or houses within a reasonable timeframe.
According to the agency's data, the buyers have been waiting for as long as 19 years to take possession of their properties. The prolonged delay has raised concerns about the financial practices of the developers involved and the protection of consumer interests.
The ED's revelation comes amid growing scrutiny of real‑estate projects that have stalled or failed to deliver. Authorities are likely to examine whether the collected advances were misappropriated, and the agency may pursue further legal action to safeguard the rights of the affected homebuyers.
Consumer groups have warned that such extended waiting periods can erode trust in the housing market and call for stricter regulatory oversight to prevent similar situations in the future.
According to the agency's data, the buyers have been waiting for as long as 19 years to take possession of their properties. The prolonged delay has raised concerns about the financial practices of the developers involved and the protection of consumer interests.
The ED's revelation comes amid growing scrutiny of real‑estate projects that have stalled or failed to deliver. Authorities are likely to examine whether the collected advances were misappropriated, and the agency may pursue further legal action to safeguard the rights of the affected homebuyers.
Consumer groups have warned that such extended waiting periods can erode trust in the housing market and call for stricter regulatory oversight to prevent similar situations in the future.