Wed Jul 23 17:07:34 UTC 2025: Here’s a summary and a news article rewrite of the provided text:

**Summary:**

The Enforcement Directorate (ED) has arrested Raman Puri, Varun Puri, and Vikram Puri, promoters and former directors of Universal Buildwell Private Limited, for alleged real estate fraud. The arrest follows years of the accused evading court summons and being declared proclaimed offenders. The investigation stems from over 30 FIRs alleging Universal Buildwell and its associates failed to complete projects on time, cheating homebuyers and investors out of over ₹1,000 crore across eight projects in Gurugram and Faridabad. The ED alleges funds collected were partially diverted for personal gain instead of project completion.

**News Article:**

**Universal Buildwell Promoters Arrested in Massive Real Estate Fraud Case**

**NEW DELHI – July 23, 2025** – The Enforcement Directorate (ED) has arrested three key figures in a major real estate fraud case involving Universal Buildwell Private Limited. Raman Puri, Varun Puri, and Vikram Puri, the company’s promoters and former directors, were apprehended after evading court summons for over seven years and being declared proclaimed offenders.

The arrests are the result of an investigation triggered by over 30 First Information Reports (FIRs) filed against Universal Buildwell and its associates. The FIRs allege the company failed to complete numerous real estate projects on schedule, defrauding homebuyers and investors.

According to the ED, Universal Buildwell collected over ₹1,000 crore across eight projects in Gurugram and Faridabad, including Universal Trade Tower and Universal Greens. The agency alleges that the company, through its promoters, made false promises of project completion by 2010 and guaranteed returns, yet only a portion of the funds was used for development. The remaining funds were allegedly diverted for acquiring land and other assets for personal benefit.

The case highlights the plight of homebuyers who invested before 2010, with many losing their life savings. The company was taken through Corporate Insolvency Resolution Process proceedings, the assets were handed to the homebuyers, while the rest were to be liquidated. The ED investigation is ongoing, and further details are expected to emerge as the agency continues to unravel the extent of the alleged fraud.

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