SAS iTower Land Dispute: Case Filed Against Ex-IAS Officer Over Gift Deed Revocation:

Got some queries asking what’s going on with SAS iTower because of all the news floating around. Let me break it down-

What really happened, step-by-step:

1. The Land: Around 10.32 guntas in Survey No. 19, Khajaguda- prime spot near the financial district, obviously gold in Hyderabad’s current market.

2. Ownership Shift: In 2016, ex-IAS officer R.P. Singh and his wife gifted the land to their daughter via a registered gift deed.

3. Reversal of Gift: Years later, Singh and his wife revoked the gift deed, citing that the daughter lives abroad and "can’t manage the land." They then went on to sell the land to SAS iTowers-a commercial builder.

4. Project Launch & Bookings: Fast forward to 2021–2022, SAS Group starts developing SAS iTower—a high-end commercial office complex—on this land. Project is heavily booked, somewhere around 700 investors have bought units.

5. Bank Loan Refused: While applying for bank financing, the finance team flagged the previous gift deed to the daughter, the revocation wasn’t mutuaL- and likely not legally clean.. The bank refused to sanction the loan to SAS until the title issue was resolved.

6. Legal Complaints Filed: Alarmed, SAS iTowers filed a complaint-first with Raidurgam police, then escalated to Hyderabad’s CCS. They allege Singh hid the daughter’s gift deed and cancelled it post-facto to facilitate the sale.

7. CCS FIR: A formal FIR was registered under sections for cheating, forgery, and criminal breach of trust against R.P. Singh and his wife. CCS is investigating how legally valid the gift deed revocation really is

So yeah, SAS iTower is in a legal mess. The buyers are the collateral damage, and Hyderabad’s already shaky trust in land titles just took another punch to the gut.

IshaRoamer

Work progress seems ok for now I think their won't be much delay or problem for investors, the main problem is being faced by the sas their kukkatpally project is being delayed for so long and to be honest we all knew what was going on since the work halted at the end of 2024. I don't understand this buzz

Bageshwar92

With so many residential projects coming up and decrease in commercial supply, its worth being concerned

Nehalraj

Exactly the residential buildings are getting permissions so easily the over supply all over Hyderabad we really need more commercial developments not these cases

Rishitiwari

The case will be resolved no worried on that front as it is a very big investment only concern is timeline

Indrani

Expected delay?

Manjot18

Hyderabad real estate = Netflix thriller + blind faith + one sub-registrar office error. Every time.I don't get how these big projects get sanctioned without proper verification