New Delhi, Oct. 14 -- The Enforcement Directorate (ED) has restituted unsold properties worth about Rs 175 crore in Udaipur's Royal Rajvilas project to the Successful Resolution Applicant (SRA) of Udaipur Entertainment World Private Limited (UEWPL), in the ultimate benefit of the genuine homebuyers who had purchased units in the said project.

The properties, including 354 flats, 17 commercial units, and two plots, were restituted under the Insolvency and Bankruptcy Code (IBC), 2016.

The present restitution by ED's Jaipur Zonal Office has brought an end to the plight of 213 innocent homebuyers who had been suffering for over 12 years, paving the way for the completion of the project and the final handover of the completed units to these ...