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 Transport

07 Oct 2025

Atlantaa Inks Rs 24.9 Billion Deal For Maharashtra Expressway

Atlantaa Limited (formerly Altanta Limited) announced on 30 September that it has entered into an agreement with IRCON International Limited for the construction of the Bhandara–Gadchiroli Access Controlled Expressway in Maharashtra.The project, awarded under the Engineering, Procurement and Construction (EPC) mode, involves Package BG-03, covering the stretch from km 34+750 at Sarandi Bk in Lakhandur, Bhandara district, to km 69+536 at Kinhi in Bramhapuri, Chandrapur district, spanning a total length of 34.786 kilometres.The sub-contract is valued at approximately Rs 24.9 billion, excluding..

Cabinet Clears Rs 69.6 Billion NH Project Through Kaziranga

The Union Cabinet has approved the four-laning of the Kaliabor–Numaligarh section of National Highway 715 in Assam, a key infrastructure project designed to prevent man-animal conflicts and enhance road safety through the Kaziranga National Park.Announcing the decision, Railways Minister Ashwini Vaishnaw said the project spans 86 kilometres and involves a 34-kilometre elevated viaduct to ensure safe passage for wildlife. “The fifth major decision of the Cabinet today is the four-laning of the Kaliabor–Numaligarh section of NH-715 (86 km, Rs 69.6 billion). It includes a 34 km elevated via..

Rajkot Emerges As Model Smart And Sustainable City

Rajkot is rapidly evolving into a smart, safe, and sustainable city under the vision of Prime Minister Narendra Modi and the proactive efforts of the Gujarat government. Combining modern infrastructure, technology-driven systems, and citizen-focused projects, the city is enhancing both the quality of life and urban resilience for its residents.At the heart of Rajkot’s transformation is the Integrated Command and Control Centre (ICCC), which monitors live CCTV feeds from across the city 24 hours a day. The advanced surveillance system, equipped with 1,000 cameras installed at key locations in..