What’s its effect on Aurobindo Realty?
It is known that Aurobindo Realty (currently Auro Realty) MD Sarathchandra Reddy became an approver of the Delhi liquor scam. Due to this, doubts are being expressed everywhere about whether there will be a negative impact on the projects being undertaken by this company in Madhapur and Kondapur. Aurobindo Realty acquired prime properties in areas like Madhapur and Raidurgam during the BRS regime. It also started with villas in Patancheru.
When there are many developers in Hyderabad, how could Aurobindo Realty own those prime properties? Construction experts also agree that the cooperation of the BRS elders was certain. And, now that he has become an approver, if he testifies against Kalvakuntla Kavitha, there is a high chance that the land issue related to the two projects will come out. What will ultimately happen due to this is that the buyers who bought flats in the Kohinoor project in Madhapur may face some confusion. If not, what Aurobindo Realty will do smartly is make some major announcements and try to prove that they have not been affected by them. Hence, experts suggest that buyers should never buy real estate properties from politically connected builders.
