TS RERA slaps Rs 175 mn penalty on three real estate firms

26 Sep 2023 CW Team

The Telangana State Real Estate Regulatory Authority (TS RERA) has fined three real estate companies approximately Rs 175 million for their failure to adhere to the RERA Act.

Among the list of violators are Mantri Developers, headquartered in Bengaluru, Sahiti Infratec Ventures, based in the same city and currently under investigation by the Enforcement Directorate (ED) for suspected fund misappropriation, and Sai Surya Developers, also located in Hyderabad.

N Satyanarayana, the chairman of TS RERA, issued a statement on Friday, explaining that these penalties were levied following a thorough evaluation of each builder's actions. This assessment considered the breaches of the 2016 Act and its associated regulations, stemming from failures to meet project completion deadlines and various other discrepancies discovered during the investigation.

Infrastructure Urban

09 Jan 2026

Mount Invests Rs 250 Cr, Adds PUF & PEB Plants, 400+ Jobs

TUMKUR, Karnataka, January 8, 2025 - Mount Roofing & Structures Private Limited, one of India's fastest-growing manufacturers in PUF and a leading solutions provider across Pre-Engineered Building (PEB) and Polycarbonate sheets, simultaneously inaugurated its second fully automated continuous Sandwich Panel manufacturing line and a new PEB manufacturing plant at its integrated campus in Tumkur." The milestone expansion, part of a total investment of INR 250 crores, marks a significant advancement in the company's commitment to engineered performance, manu..

Titan Intech Strengthens UltraLED Push With Global LED Veteran

Titan Intech has announced the induction of global LED industry veteran Su Piow Ko to its Board of Directors, marking a strategic step in strengthening its UltraLED Displays roadmap and building globally competitive LED display solutions from India.The appointment aligns with Titan Intech’s ambition to position India as a hub for advanced, high-quality LED display manufacturing. With an increased focus on UltraLED Displays, the company aims to enhance technical governance, raise manufacturing standards and expand its presence across global markets.Su Piow Ko brings over three decades of inte..

Dun & Bradstreet Flags New Growth Engines in India 2026 Outlook

Dun & Bradstreet has released its India 2026: D&B’s Perspective report, projecting a stable macroeconomic environment underpinned by fresh opportunities for productivity-led and inclusive growth. The report outlines how India’s next growth phase will be driven by digitised logistics, trusted data ecosystems, clean energy and rising city vitality.According to the outlook, India’s GDP growth is expected to reach around 6.6 per cent by FY2027, supported by resilient consumer demand and sustained public investment. Manufacturing is seen entering a new phase, moving beyond scale towar..