In 2019, after years of construction delays and internal disputes between the developer (Adarsh Build Estate Ltd) and landowners (Madhu Chordia and Vinay Chordia), the Park Regency project was frozen by the Enforcement Directorate (ED). What followed was not justice — but a prolonged, devastating silence that continues to destroy the lives of more than 600 honest homebuyers.
What the world doesn’t know is this: the case turned based on misrepresentations, not facts. The ED was misled — and we are paying the price.
The Case That Should Have Protected Us
When buyers started receiving notices of a legal dispute in 2018, we hoped that the law would protect our investments. Instead, we found ourselves trapped in a system that did not hear our side.
In 2019, statements were made before the ED by the project’s stakeholders — and instead of defending the rights of genuine homebuyers, the focus was redirected toward internal financial disputes between the developer and the landowner. Key facts were omitted, and misleading declarations were submitted, painting a partial picture that had nothing to do with the people who invested in this project in good faith.
The Misinformation That Froze Our Homes
Here’s what went wrong:
- The buyer agreements and registered tri-party contracts were not properly acknowledged during the initial investigation.
- Over ₹140 crore of verified buyer payments were not fully accounted for in the financial narrative presented to ED.
- Allottees were never considered victims, despite having legal documentation and full bank trails.
- The project was declared tainted and attached under PMLA provisions without separating criminal suspects from innocent buyers.
- The actual builder–landowner dispute over revenue share was projected as a part of the entire real estate transaction, tarnishing even legitimate buyer money.
The Consequences We Still Live With
Since the ED’s attachment in 2019:
- Construction has halted entirely.
- No refunds, no flats, no timeline for resolution.
- Several elderly buyers have passed away waiting.
- Buyers continue to pay EMIs, rent, and legal fees without recourse.
- No authority has stepped in to distinguish innocent buyers from accused developers.
This is not justice — this is punishment for being trusting, law-abiding citizens.
Our Appeal: Demand a Re-investigation. Release the Homes.
We, the buyers and members of Park Regency Welfare Society (PRWS), demand a fresh, unbiased re-investigation by the Enforcement Directorate.
We request:
- That the genuine buyers’ agreements be acknowledged and verified
- That the project be delinked from disputed funds, and the rights of allottees be crystallized
- That the attached flats be released or handed over to rightful buyers under court supervision
- That justice be delivered to the hundreds of families caught in this collateral damage
Final Word
We trusted the system. We trusted the project. And today, we are stuck between builder fraud and a frozen case that forgot to hear the buyer’s voice.
We are not the criminals. We are the victims.
And we ask — how long will this continue?
Let there be justice. Let there be clarity. Let there be homes.
