Snapshot from Jun 25, 2026 at 22:38 UTC. For live data and tracking: View Live
Events / Regulatory / ED Raids Royale Estate Group
Regulatory money laundering investigation

ED Raids Royale Estate Group

Analysis based on 12 articles · First reported May 23, 2026 · Last updated May 26, 2026

Sentiment
-50
Attention
4
Articles
12
Market Impact
Direct
Live prominence charts, article sentiment distribution, and event development timeline available on the NewsDesk Dashboard
Market Impact

The raids by the India — Enforcement Directorate on Chandigarh Royale City Promoters Private Limited and Royale Estate Group are likely to negatively impact investor confidence in the real estate sector in the Mohali-Zirakpur belt due to increased scrutiny of financial irregularities. This event could lead to stricter regulatory oversight and potentially affect the valuations of other real estate developers in the region.

Real Estate Law Enforcement
Event Summary

The India — Enforcement Directorate conducted extensive search operations in Punjab and Chandigarh targeting Chandigarh Royale City Promoters Private Limited and the Royale Estate Group. This action stems from an FIR registered by the Punjab, India — Punjab Police concerning an alleged fraud and criminal conspiracy. The companies are accused of defaulting on statutory liabilities of approximately Rs 32.67 crore to the India — Greater Mohali Area Development Authority and submitting dishonored cheques for a residential colony project. Investigators suspect that project funds were diverted through a network of associated entities and that suspicious inter-company transactions and layering of funds occurred. Searches were carried out at premises linked to individuals including Praveen Kansal, Neeraj Kansal, Daljit Singh, Anurag Midha, Liaquat Ali Khan, and Ankit Bansal. Incriminating documents, digital devices, financial records, and property-related papers were seized during the raids, and the investigation is ongoing.

Key Actions
100 India — Enforcement Directorate carried out searches Chandigarh Royale City Promoters Private Limited
100 India — Enforcement Directorate arrested businessman Ajay Sehgal
90 Chandigarh Royale City Promoters Private Limited defaulted on payments India — Greater Mohali Area Development Authority
90 Chandigarh Royale City Promoters Private Limited diverted funds
90 Ajay Sehgal developed projects
90 Ajay Sehgal made sales
85 Ajay Sehgal prepared fake letters
80 Punjab, India — Punjab Police registered FIR Chandigarh Royale City Promoters Private Limited
77 Nitin Gohal helped builders
72 India — Enforcement Directorate conducted searches
70 Ajay Sehgal not transferred plots India — Greater Mohali Area Development Authority
60 Punjab, India — Punjab Police registered FIR
40 India — Shiromani Akali Dal posted on X
0 Bhagwant Mann asserted
Entities Involved
priv
Chandigarh Royale City Promoters Private Limited
Chandigarh Royale City Promoters Private Limited is at the center of the alleged fraud and money laundering case, facing accusations of defaulting on payments and diverting funds.
Importance 100 Sentiment -80
per
Ajay Sehgal
Ajay Sehgal>>>, a real estate businessman and Secretary of Indian Cooperative Housing Building Society, was arrested for his alleged involvement in a money laundering scheme related to forged land use consent letters. He is accused of developing illegal projects and making sales of over Rs 200 crore.
Importance 100 Sentiment -90
priv
Royale Estate Group
The Royale Estate Group is implicated in the alleged fraud and money laundering case, with its main office and associated entities being searched by the India — Enforcement Directorate.
Importance 95 Sentiment -70
govactor
India — Enforcement Directorate
The India — Enforcement Directorate conducted searches and raids as part of a money laundering probe into a land fraud case, targeting individuals and entities linked to alleged irregularities in obtaining CLU licenses and cheating investors.
Importance 90 Sentiment 20
per
Nitin Gohal
Nitin Gohal, an alleged close associate of Rajbir Ghuman, is being searched by the India — Enforcement Directorate for allegedly helping builders default on GMADA fees and arranging political protection.
Importance 85 Sentiment -80
per
Praveen Kansal
Praveen Kansal, also known as Rocky, is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 80 Sentiment -70
per
Neeraj Kansal
Neeraj Kansal is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 80 Sentiment -70
per
Rajbir Ghuman
Rajbir Ghuman, Officer on Special Duty to Chief Minister Bhagwant Mann, is linked to Nitin Gohal, who is alleged to have provided political protection to builders involved in the land fraud.
Importance 80 Sentiment -60
govactor
India — Greater Mohali Area Development Authority
The India — Greater Mohali Area Development Authority is central to the fraud, as accused builders allegedly defrauded it in obtaining CLU licenses and defaulted on fees, with Nitin Gohal reportedly providing political protection.
Importance 70 Sentiment -50
per
Daljit Singh
Daljit Singh is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 70 Sentiment -70
per
Anurag Midha
Anurag Midha is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 70 Sentiment -70
per
Liaquat Ali Khan
Liaquat Ali Khan is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 70 Sentiment -70
per
Ankit Bansal
Ankit Bansal is an individual linked to the Royale Estate Group whose residential premises were searched during the investigation.
Importance 70 Sentiment -70
loc
India — Punjab, India
The state of India — Punjab, India is the primary location of the alleged land fraud and money laundering activities, with raids conducted in Mohali and Chandigarh. The event highlights potential corruption within its administration.
Importance 70 Sentiment -30
per
Bhagwant Mann
Bhagwant Mann, the Chief Minister of India — Punjab, India, is indirectly implicated through his OSD, Rajbir Ghuman, whose alleged associate Nitin Gohal is under investigation. Mann has denied any connection to the raids.
Importance 60 Sentiment -40
+ 8 more entities View on Dashboard
NEWSDESK
Track this event live

Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.

Open Dashboard

About NewsDesk

NewsDesk is a news intelligence platform that converts raw news articles into structured data. It tracks events, entities, and the relationships between them, with sentiment and attention metrics derived from thousands of articles. Pages on this site are daily static snapshots from the platform's live database. For real-time tracking, search, and alerts, the full dashboard is at app.newsdesk.dev.