Latest StoriesRegulatory

Hyderabad: Builder Accused of Cheating Buyers in ₹5 Crore Scam

Representative AI image 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…

Latest StoriesRera

Telangana RERA Orders Aliens Developers to Refund ₹2 Lakh

HYDERABAD: The Telangana Real Estate Regulatory Authority (TGRERA) has mandated Aliens Developers Pvt Ltd to refund ₹2,00,000 to a homebuyer, Bakki Sneha of Karwan, within 30 days. This amount reflects the remaining balance of a booking advance for a flat in the ‘Aliens Space Station’ project located in Tellapur, Sangareddy district. As per the order issued on Wednesday, Sneha had initially booked a flat in the project, paying ₹2.5 lakh on May 31, 2020. However, after cancelling her booking, she only received ₹50,000 as a partial refund in October 2022. Despite her repeated requests, the remaining amount of ₹2 lakh…

Latest StoriesRegulatory

Hyderabad: Firm sued for duping nine flat buyers of ₹4 crore

HYDERABAD: The Cyberabad Economic Offences Wing (EOW) has initiated a cheating case against a construction company based in Jubilee Hills, accused of defrauding nine flat buyers of ₹4.41 crore linked to a stalled project in Tellapur. The complainants, K Mahesh, a 34-year-old employee of a Public Sector Undertaking (PSU), and his friend T Chandra Kiran Kumar began their home search in 2021. They were approached by a marketing executive named Bhargav, who offered an attractive early bird rate of ₹2,800 per square foot with a guaranteed buy-back option. Believing claims that the necessary land would be procured and that HMDA…