I-T Raids Ex-MP Ranjith Reddy and DSR Group Over Tax Evasion Allegations

The Income Tax Department has launched extensive searches on the premises of former MP G Ranjith Reddy and the DSR Group, targeting multiple real estate firms and their operations in Hyderabad and Bengaluru.

Tax EvasionReal EstateIt RaidsDsr GroupRanjith ReddyReal EstateAug 19, 2025

I-T Raids Ex-MP Ranjith Reddy and DSR Group Over Tax Evasion Allegations
Real Estate:Hyderabad: The Income Tax Department on Tuesday launched massive searches on the premises of Congress leader and former Chevella MP G Ranjith Reddy, along with real estate major DSR Group, in connection with alleged tax evasion and property transaction irregularities.

Raids across Hyderabad and Bengaluru

More than 30 locations in Hyderabad and Bengaluru came under the I-T scanner from early morning hours. Searches were carried out at DSR Group’s headquarters in Jubilee Hills and at offices and residences in Banjara Hills, SR Nagar, Suraram, and other key areas.

Real estate firms under probe

The focus of the investigation has been on multiple arms of the group, including DSR Infrastructure Pvt Ltd, DSR Infra Projects, DSR Constructions, DSR Prime Spaces, and DSR Infra Developers. The residences and offices of Managing Director Devireddy Sudhakar Reddy and Executive Director Devireddy Prabhakar Reddy were also searched.

Seizure of records and devices

Sources said the officials seized account books, documents, and electronic devices during the operation. The materials are being examined to trace alleged unaccounted income and irregular dealings in large-scale real estate projects.

Ranjith Reddy’s links in spotlight

The I-T sleuths also raided the residence and office of Ranjith Reddy under tight security. He is believed to have financial interests and business links with DSR Prime Spaces, DSR Infra Developers, and other group companies.

Political journey

Ranjith Reddy entered Parliament in 2019 from the Chevella constituency on a Bharat Rashtra Samithi (BRS) ticket. Ahead of the 2024 elections, he switched to Congress but failed to retain his seat. His proximity to the DSR Group has now become the subject of scrutiny in the ongoing probe.

More details are awaited.

Frequently Asked Questions

What is the main focus of the I-T Department's investigation?

The main focus of the investigation is on multiple arms of the DSR Group, including DSR Infrastructure Pvt Ltd, DSR Infra Projects, DSR Constructions, DSR Prime Spaces, and DSR Infra Developers, for alleged tax evasion and property transaction irregularities.

How many locations were raided by the I-T Department?

More than 30 locations in Hyderabad and Bengaluru were raided by the I-T Department.

Who are the key individuals targeted in the raids?

The key individuals targeted in the raids include former MP G Ranjith Reddy, Managing Director Devireddy Sudhakar Reddy, and Executive Director Devireddy Prabhakar Reddy.

What were the items seized during the raids?

The items seized during the raids include account books, documents, and electronic devices, which are being examined to trace alleged unaccounted income and irregular dealings in large-scale real estate projects.

What is the political background of G Ranjith Reddy?

G Ranjith Reddy entered Parliament in 2019 from the Chevella constituency on a Bharat Rashtra Samithi (BRS) ticket. He switched to Congress ahead of the 2024 elections but failed to retain his seat.

Related News Articles

Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers
Real Estate Mumbai

Mumbai's Sky-High Ambitions: Exploring the City's Love for Skyscrapers

As Mumbai continues to grow

May 30, 2024
Read Article
Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally
real estate news

Mumbai Records Third-Highest Surge in Luxury Housing Prices Globally

Mumbai's prime residential prices surge 11.5% year-on-year, ranking third globally, as India's economic growth drives demand in luxury housing market.

June 29, 2024
Read Article
Affordable Housing Supply Dries Up as Builders Focus on Premium Projects
real estate news

Affordable Housing Supply Dries Up as Builders Focus on Premium Projects

The latest data from JLL India reveals a 21% decline in affordable housing supply below Rs 50 lakh, while premium projects saw a significant surge in demand.

July 15, 2024
Read Article
Priyanka Chopra's Real Estate Empire: A Peek into Her Investments
Real Estate Mumbai

Priyanka Chopra's Real Estate Empire: A Peek into Her Investments

Priyanka Chopra Jonas is a keen investor in the real estate space, owning multiple properties in India and the US. Here's a look at her recent transactions.

July 18, 2024
Read Article
Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai
Real Estate Mumbai

Uber and Heads Up for Tails Expand Pet-Friendly Rides in Delhi and Mumbai

Uber has partnered with Heads Up for Tails to offer pet-friendly rides in Delhi and Mumbai, making travel more convenient and comfortable for pet owners.

March 7, 2025
Read Article
Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO
Real Estate

Blackstone and Sattva-backed REIT Files Draft Papers for ₹7000 Cr IPO

A real estate investment trust (REIT) backed by asset manager Blackstone Group and Bengaluru developer Sattva Group has filed its draft papers with the Securities and Exchange Board of India (SEBI) for a ₹7000 crore initial public offering (IPO).

March 7, 2025
Read Article