Rs 17.5 Crore Fine for Three Real Estate Groups Over RERA Violations

26 Sep 2023 CW Team

Mantri Developers, Sahiti Infratec, and Sai Surya Developers have been fined a total of Rs 17.5 crore by the TS Real Estate Regulatory Authority (TS RERA) for breaching RERA regulations. The penalties were imposed due to the failure of these three real estate groups to adhere to the RERA Act.

The parties found in violation include Mantri Developers Pvt Ltd, based in Bengaluru, Sahiti Infratec Ventures Pvt Ltd, located in the same city and already under scrutiny by the Enforcement Directorate (ED) for alleged fund misappropriation, as well as Sai Surya Developers Pvt Ltd from Hyderabad.

In an announcement made on Friday, N Satyanarayana, the Chairman of TS RERA, stated, "These fines have been levied following a comprehensive evaluation of the conduct of each builder, considering their contraventions of the 2016 Act and its provisions, particularly related to failure to meet project completion deadlines and other discrepancies uncovered during the investigation."

Sahiti Infratec, in particular, has been instructed to pay Rs 107 million, for their failure to register three of their projects (Sahiti Sishta Abode, Sahiti Sitara Commercial, and Sahiti Sarvani Elite) with RERA.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..