A cheating case has been registered against the managing director of Suvarnabhoomi, a leading real estate firm that ushered in a new era in the real estate sector by calling it an “indelible address even if generations have changed.”(Tharataraalakee Cheragani Chirunaama). Cases have been registered against the MD and four others for not registering the flats after money being paid from customers. Hero Ram Charan is the brand ambassador of Suvarnabhoomi.
The Hyderabad police have registered a case against Suvarnabhoomi, a leading real estate firm. The victims approached the police after they were duped of a large amount of money from several people on the pretext of selling the flats. The police have launched an investigation. A case has been registered against Suvarnabhoomi Developers Pvt Ltd Managing Director Bollineni Sridhar, Executive Director Meka Srinivas, employees Gangireddy and Dastagiri, and another person.
If we go into the details… In 2017, Suvarnabhoomi company started a venture called Suvarna Kutir near Shadnagar. Kondal Rao, a resident of Krishnanagar, and 21 others working in the film industry have purchased flats in the venture. The flats were purchased in the venture by paying rs 6 lakh to Rs 50 lakh in cash. Dastagiri, an employee of the company, took them to Shadnagar and showed them the flats and paid them the money.
Thereafter, he spoke to the company’s MD Bollineni Sridhar and others many times and paid the full amount in installments. Those who have purchased flats have been on the run for some time now, saying they will be given registration. Whenever the victims asked about the registration, they did not get the right answers and were told tomorrow they will get the job done. The victims then went to the company’s office in Jubilee Hills and stopped the management.
After that, only 20 percent of the amount paid by the victims was received by the company. The company management said they could not get the rest of the money. Flats cannot be registered without paying the full amount. The victims who listened to these statements from the company were worried. The receipts showed that they had paid in full cash. The management after seeing them told that only a few of them were genuine, and the rest were fake receipts. They said their company had nothing to do with them.
The victims then finally realized that they had been cheated. A complaint has been lodged with the police seeking action against the owner of Suvarnabhoomi. Based on the complaint of the victims, a case has been registered against the MD of the company and several others.
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