HYDERABAD: Hyderabad central crime station sleuths booked FIRs against two real estate firms for allegedly cheating villa buyers to the tune of Rs 15 crore. Two seperate cases were booked against the accused builders.
CCS sleuths booked the case against Bhavishya Realtors and NSA Avenue Private Ltd for criminal conspiracy and concealing the facts, based on a complaint by Surabhi Ashok Rao, 56, of Dulapally.
In Jan 2023, Bhavishya Realtors, represented by P Babu Rao, J Sekhara Rao and G Venkata Ramana Rao of Ameerpet, and NSA Avenue, represented by its director Koneru Venkata Vinay, came up with a new venture of duplex villas on 17 acres at Gollur village in Rangareddy’s Maheswaram mandal.
Ashok Rao along with his friends and family members — eight of them — showed interest in purchasing the villas. After negotiations, the builders fixed the final price at Rs 1.7 crore for each villa. While all of them planned to buy one villa each, Shanthan planned to buy three villas. They all paid Rs 1 lakh each as a token advance to the builders.
In the FIR, police said: “Ashok Rao paid Rs 50 lakh in instalments by Dec 14, 2023, and entered into a sale agreement where the builders had agreed to provide a plot of 450 square yards and construct a villa in 4,250 square feet. The builders promised to deliver the villas within three years from Jan 1 with a six-month grace period.”
Though the complainant, his friends and relatives asked the builders to show the land ownership documents, they cited issues in Dharani portal for not providing them.
As per the agreement, Ashok Rao paid the full amount of Rs 1.7 crore through cheques and cash by Feb this year. His friends and relatives also paid their amounts, totalling Rs 15 crore in cheques and cash. Last month, Ashok Rao and friend Anand Krishna visited the site to check construction status and were shocked to discover that the land shown by Babu Rao and others did not belong to them.
“The original landowner, Goud, told them that the land was his and warned them not to enter the area,” police said in the FIR.
A verification at MeeSeva kiosk revealed that the land in survey Nos. 144 to 159 and 163 to 168 in Gollur was on the prohibited list as per the Dharani website. Ashok Rao alerted his friends and relatives on the alleged cheating by Babu Rao and other builders, who continued to blame Dharani for the delay.
A case was booked under the Telangana Protection of Depositors and Financial Establishments Act against the accused builders.
