Some companies in the construction sector of Telangana are going uncontrollable. They are working with the sole aim of collecting money from people in the name of some scheme or the other. They have come up with a new scheme offering guaranteed rent for those who invest in commercial complexes. But one should not blindly believe them under any circumstances. Understand the fact that they will be paying the rent from your own investment.
Lately, some construction companies have become smart. They are leaving the Hyderabad realty market and entering Tier 2 cities like Warangal, Nizamabad, Khammam, Karimnagar, and Medchal. They are selecting commercial areas which do not have much demand in the market and starting a money collection scheme in the name of constructing commercial buildings in the area. For instance, if the market price is Rs 2,000-3,000 per sq.ft in a commercial building located in certain area, the company is inflating the price to a whopping Rs 15,000-20,000 per sq.ft. To attract the buyers, the companies are agreeing to sell 120 sq.yards and offering to pay rent of Rs 13,000 commencing from next month. They are deceiving people by promising to pay rent for about 20 years.
A final decision on such schemes should be taken only after carefully considering every aspect. If you want to invest in commercial complexes, invest in buildings built by reputed companies with a good track record. Also choose the ones that have all the permissions. Buy from a builder who is known to deliver the property within the stipulated time frame. Under no circumstances, one should not choose the builders who flee overnight. If you are cheated after investing money in such projects without proper permissions, even organisations like Telangana RERA Authority will not come forward to your rescue. So, you are solely responsible for safety of your money.
