Massive IT Raids Conducted Across Hyderabad and Surrounding Districts

*Hyderabad, October 17, 2024*: In a large-scale operation, Income Tax (IT) officials launched simultaneous raids across multiple locations in Hyderabad and the surrounding districts of Ranga Reddy, Medak, and Sangareddy today. The coordinated search operation covered a total of 30 places, targeting prominent real estate developers and builders.Key sites of interest included **Googi Properties and Developers** and **Anvita Builders**, both major players in the local real estate market. IT officials are reportedly scrutinizing financial records and other documents at these companies to investigate potential tax evasion and undisclosed income.The homes of several high-profile individuals, including **Boppana Srinivasa Rao**, **Boppana Achyuta Rao**, and **Boppana Anup**, were also searched as part of the operation. The trio, believed to be closely connected with the real estate sector, are under investigation for possible financial irregularities.Raids were particularly intense in the **Kollur** and **Rayadurgam** areas, both known for rapid real estate development. The authorities have not yet disclosed the specific findings from these searches, but sources indicate that the operation is aimed at uncovering unaccounted wealth and potential tax fraud within the construction and property development sector.