HYDERABAD: The Central Crime Station (CCS) has filed a cheating case against a real estate firm and its promoters, accused of defrauding multiple buyers of over ₹5.6 crore in a pre-launch project in Tellapur.
The complainant, Vinod Sadak, a 47-year-old private employee from Kothapet, stated that he paid ₹77 lakh for a 2,200 sq ft flat in a proposed gated community, but has yet to receive the flat or a refund.
Vinod discovered the project, named ‘Tripura Nirvana’, in November 2022, which the company advertised as a residential high-rise with over 1,000 flats across 12 acres, featuring a clubhouse, swimming pool, and supermarket, with promises of completion in three years.
Between December 29, 2022, and April 12, 2023, he transferred the total amount through various payment methods after signing a memorandum of understanding with the developers, which include founder and chairman Pasupuleti Sudhakar, partner Pasupuleti Suguna, and others.
However, Vinod alleges that the company has neither commenced construction nor obtained necessary approvals, and is now attempting to transfer the project land to another entity and relocate its office to evade buyers.
He also noted that there are nine other customers who collectively paid approximately ₹4.9 crore for flats, and the accused allegedly threatened them when they requested updates or refunds.
Following Vinod’s complaint, CCS police registered the case under Section 318(4) (cheating) in conjunction with Section 61(2) (criminal conspiracy) of the Bharatiya Nyaya Sanhita and Section 5 of the Telangana State Protection of Depositors in Financial Establishments Act against the company and its promoters on February 27. A CCS official remarked that they are currently verifying relevant documents and transactions, and will proceed with the appropriate legal actions based on initial findings.
