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They said the 22-room bungalow is linked to HDIL promoters Wadhawan’s and has been sealed by the agency after the raid.
The agency has also seized Rs 60 crore worth jewellery, a business jet, 15 cars, two fixed deposits worth Rs 1.5 crore and Rs 10 crore in connection with the investigation of the case.
The searches were being conducted after a criminal compliant was filed under the Prevention of Money Laundering Act by the central agency.
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The ED and the Mumbai Police case is against former bank management and promoters of the Housing Development Infrastructure Limited (HDIL).
Based on a complaint by an RBI-appointed administrator, the police complaint was filed earlier last week on charges of forgery, cheating and criminal conspiracy against the officials.