Hyderabad: CCS Chargesheet Filed Against Sahiti Infratech for Massive Real Estate Fraud

The Central Crime Station (CCS) in Hyderabad has filed a chargesheet against Sahiti Infratech Ventures India Pvt Ltd (SIVIPL) and its managing director, Boodati Lakshminarayana, for perpetrating a massive real estate fraud. The police had arrested Lakshminarayana and former director Sandu Purnachandra Rao in December 2022 and August 2025, respectively.

According to CCS investigators, SIVIPL and its promoters have cheated more than 2,500 customers of over Rs 842 crore by offering “pre-launch” deals for residential projects without owning the required land or securing mandatory permissions from authorities such as the HMDA (Hyderabad Metropolitan Development Authority) and the GHMC (Greater Hyderabad Municipal Corporation).

The CCS registered multiple FIRs against the firm and its directors following complaints from aggrieved buyers. Based on these cases, the Enforcement Directorate (ED) launched a parallel probe under the Prevention of Money Laundering Act (PMLA). As part of the investigation, Lakshminarayana was arrested by the ED in September 2024, having earlier been taken into custody by the police in December 2022.

Former director Purnachandra Rao was arrested by the ED in August 2025. The ED has since filed prosecution complaints before a special PMLA court at Nampally, which has taken cognizance of the case. The ED has also provisionally attached assets belonging to the accused and the company valued at over Rs 174 crore, including earlier attachments worth Rs 161.5 crore and recent attachments of Rs 12.65 crore.

The Economic Offences Wing (EOW) disclosed that over 90 cases have been booked against the company so far. The investigation is still underway, with special teams reaching out to additional victims to gather further evidence. This ongoing investigation aims to ensure that all perpetrators are held accountable for their fraudulent activities and that justice is served to the numerous aggrieved customers.

Sahiti Infratech Ventures India Pvt Ltd, once a promising real estate developer, has now become a cautionary tale of the risks associated with unscrupulous business practices in the industry. The case highlights the importance of due diligence and regulatory compliance in the real estate sector to protect consumers from such large-scale frauds.