States & UTs

    ED searches Hiranandani Group premises in Mumbai

    The Hawk
    February22/ 2024
    Last Updated:

    The Directorate of Enforcement's current investigation into the prestigious Hiranandani Group's real estate operations in Mumbai highlights potential breaches of the Foreign Exchange Management Act, putting a spotlight on the compliance practices of India's elite developers.

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    New Delhi [India]: The Directorate of Enforcement (ED) is conducting searches at multiple premises of the Hiranandani Group in Mumbai on charges of violations under the Foreign Exchange Management Act (FEMA), according to sources.
    Exact details about the charges that were framed against the Group were not known at the time of filing this report.

    Hiranandani Group has been one of the most premium real estate developer in India with more than 40 years of experience in this business.
    Niranjan Hiranandani is a co-founder and Managing Director of Hiranandani Group of Companies.