A message has been doing the rounds in WhatsApp groups for some time now that says, ‘A company is taking eighteen acres of land in Kollur. The price is Rs 22 crore per acre. If someone invests this amount, they will get 80,000 square feet of land as their share. Based on this, the flat price will be Rs. 2750 per square feet. If you want, you can take half an acre or even a quarter acre.’
Fraudsters who want to do business with people’s money even if they don’t have money in hand have increased in the Hyderabad market. By setting up such fraudulent schemes and collecting crores of rupees from the people, they intend to cheat people in large numbers. Who is even asking such people to take money from buyers and carry out construction work? Hyderabad’s construction sector has become corrupt, and many fraudsters are entering the real estate market. Aspiring buyers should not, under any circumstances, trust such fraudsters who want to swindle people’s money.
