The Enforcement Directorate (ED) has intensified its action in the Sahiti Infratech Ventures India Private Limited (SIVIPL) money laundering case. Movable and immovable properties worth ₹12.65 crore belonging to this company, its former director Sandu Purnachandra Rao and his family have been seized. This latest action under the Prevention of Money Laundering Act (PMLA), 2002 – announced by the Hyderabad regional office on October 24 – takes the total seized assets to ₹173.15 crore. Thus, the investigation into the alleged ₹1,119 crore real estate scam that duped over 1,700 homebuyers in Telangana has intensified.

The investigation, initiated after multiple FIRs under section 420 of the IPC, exposed a brazen scheme from 2019-2022. SIVIPL MD Budathi Lakshminarayana—arrested in September 2024—and Rao allegedly sold “pre-launch” flats in the Sahitya Saravani Elite project in Aminpur, Sangareddy, till August 2022, without RERA or HMDA approval. Lured by shiny promises, 1,752 victims invested more than ₹1,119.93 crore in nine ventures, including ₹504 crore for Sarvani Elite alone. Still, no construction took place; The money vanished into cash reserves (₹216.91 crore off-books) and personal embezzlement, with Rao pocketing ₹126 crore—including ₹50 crore of undeclared cash from 2018-2020—through family accounts and sale agreements.

The Hyderabad Police’s January 2024 FIR, lodged by complainant M. Yashwant Kumar and 240 others, exposed a conspiracy involving directors, signatories and marketers. Another case came to light in May 2025 after another victim protested, terming it as Telangana’s “biggest real estate scam”. Rao’s arrest in August 2025 marked the end of the duo’s downfall, when the ED froze the accounts and traced links to Omics International Limited.

Earlier in December 2023, there was a loot of ₹161.50 crore, in which SIVIPL, Laxminarayan, Rao, his relatives and other entities were targeted. The investigation revealed that there was no escrow compliance; The amount fueled luxury buying, underscoring regulatory lapses in India’s booming ₹12 lakh crore housing sector. Victims, many of whom are middle-class savers, complain of delays in justice—some facing loan defaults.

On one buyer tweeted, which was reconfirmed 5K times. As the investigation is progressing, demands for reforms in RERA and prompt compensation are increasing. For aspiring homeowners in Telangana, the shadow of sahitya looms—a cautionary tale of unchecked ambition in the real estate rush of 2025.