· Shady realtors employ new tricks
· They use film stars to promote sales
· They take no permission from RERA
· Fortune 99 Homes changed
to Lavoura Developers
· People advised against going the way
of Jaya and Sahiti groups victims
· Buyers asked not to walk into the trap
The unscrupulous realtors who want to con the gullible customers have been adopting new tricks and changing the name of the organizations and names of directors and deploying the small time film actress to attract the customers. Lavoura Builders is one such organization that deployed the filmi stars. The buyers are asked to get their photos clicked in the company of the starts and take selfies at the Lavora ventures, if they want, but never buy properties from projects not recognized by the RERA.
Some fraudulent individuals from other states have been setting the traps to cheat gullible buyers by making offers to them to sell properties cheaply in the name of pre-launch events. Understanding the positive factors associated with Hyderabad city from real estate development perspective, several builders floated their projects in the city for the past 30 years. The incidents of realtors cheating the customers are very rare. However, recently several undesirable developments took place in the city. Perpetrators of irregularities in realty sector have single-point agenda to cheat the gullible public. Their modus operandi would be to cheat the customers in the name of one real esate organization and change the name of it and try to hoodwink the buyers. Therefore, the buyers should be beware of such fraudulent realtors. They should buy properties from only real estate projects that have the approval of the RERA. Otherwise, their fate would be that of victims of Jaya Group and Sahiti Group and would have to make rounds to police stations.
Fortune 99 Homes victims embarked on protest programme near KBR Park. They approached the Banjara Hills police station for support. Only after this development, the unscrupulous builder started making repayment of the investment of the buyers sans interest. Instead of paying the interest for the duration of the investment at the prevailing rates of interest, the Fortune 99 Homes returned only the investment.
Fortune 99 Homes changed its name as Lavoura Developers and also changed the directors. Now the organization is at it to cheat the gullible public in the name of pre-launches of the project. This time, it adopted a new business technique of promoting the properties using petty film stars. Instead of selling properties in pre-launch events, these realtors should have obtained RERA permission and sold properties over board.
