Hyderabad ED Cracks Down on Bharati Builders, Assets Worth ₹17.97 Crore Attached
(By Syed Ali Taher Abedi)
Hyderabad, 23, March 2026 — In a major move against real estate fraud, the Enforcement Directorate’s Hyderabad Zonal Office has provisionally attached properties worth ₹17.97 crore belonging to Bharati Builders, its partners, and associates under the Prevention of Money Laundering Act (PMLA), 2002.
The action stalks from an FIR registered by Cyberabad’s Economic Offences Wing in May 2024 against managing partner Mulpury Sivarama Krishna, along with Dupati Naga Raju and Doddakula Narsimha Rao, for cheating hundreds of homebuyers under Sections 406 and 420 of the IPC and the Telangana Depositors Act.
Investigations reveal a classic pre-launch scam: over 450 buyers were lured into investing in the “Bharati Lake View Towers” project through fraudulent MoUs and promises of swift completion.
Crucially, statutory permissions were never secured, and the land itself was already pledged as collateral for loans. Liabilities were concealed, while advances continued to be collected even after project land was secretly sold off.
The probe estimates proceed of crime at nearly ₹75 crore, including ₹17 crore in cash. Instead of building homes, funds were siphoned into repaying debts, buying properties, converting banking funds into cash, and paying commissions.
Parcels of land meant for the project were diverted to unrelated buyers, while investors were kept in the dark.
The ED’s attachment marks a significant step in unravelling one of Hyderabad’s largest real estate frauds in recent years.
With further investigation underway, the spotlight remains firmly on how Bharati Builders orchestrated a scheme that preyed on the aspirations of hundreds of families.
