HYDERABAD: R-Home chairman Chakka Bhaskar and managing director Sudharani were arrested by Cyberabad’s economic offences wing (EOW) for allegedly duping 200 customers by failing to develop the promised flats in Ghatkesar and Sangareddy.
Police said that Bhaskar and his wife were arrested based on a complaint given by V Manoj Kumar, who lost Rs 65 lakh after the accused defaulted in delivering the flat.
They collected Rs 48 crore from the customers in connection with the projects – Bliss Heights project in Ghatkesar, ORR Heights project in Patancheru, and Farmland project at Karamungi in Sangareddy district – which they promised to develop.
“Without obtaining permissions, the accused gave wide publicity and advertised their projects using media and social media with attractive promotional schemes stating that they are providing flats at a cheaper rate compared to the market. They promised that they would hand over the project within a period of three years; otherwise, they would give a rent of Rs 6,000 for a 2BHK flat and Rs 8,000 for a 3 BHK flat,” DCP (EOW) K Prasad said.
