With a pre-launch scam being exposed every 10 days, buyers are getting increasingly anxious. The rise in fraudsters exploiting the real estate sector has prompted the police department to step up its vigilance. Authorities are now seriously focusing on pre-launch scams, with police immediately detaining the accused as soon as complaints are filed. Investigations into these crimes are ongoing, and numerous complaints are flooding in, demanding justice from RERA.
The latest case involves Sai Surya Developers’ proprietor, Satish Chandra Gupta, who was arrested for cheating people by offering pre-launch deals at lower prices. The complaints, filed by victims who paid large sums for the promise of cheap plots, led to Gupta’s detention by Central Crime Station (CCS) police. As the investigation progresses under CCS, will more fraud cases come to light in the future? Will victims see justice? What actions will RERA take in these matters?
Those planning to commit fraud using pre-launch offers should be cautious from now on. It seems like the days of escaping with crores are coming to an end. If the police remain focused, the scammers who have swallowed the hard-earned money of innocent buyers will face serious investigations, as seen in the case of Sai Surya Developers’ proprietor.
Kanchela Satish Chandra, who cheated buyers and swindled crores, has already been arrested by the police. The latest development is that the case has been shifted to the Central Crime Station (CCS). Satish Chandra created fake layouts in Vattinagulapalli and collected large amounts of money under the pre-launch offer. He was arrested following complaints from the victims. In total, 11 cheating cases have been filed against Satish Chandra.
In another case, a woman named Mutyam Priyanka from KPHB Colony also filed complaints about a scam by developers. Priyanka paid a total of Rs 29.9 lakhs in installments to purchase a plot in Nandigama, Sangareddy district, but the developers did not deliver the plot. She reported that the property was sold to another party, and when she asked for either the plot or her money back, she was threatened. Priyanka filed a complaint on April 21, demanding justice.
A woman named Posirathnam Rachuri filed a complaint on November 25, claiming that she paid Rs 26.5 lakh for a plot in a project in Mansanpalli, Kondapur Mandal, but was deceived as she was not given the plot. Despite numerous visits to the office and phone calls, the plot was never registered in her name. When she made inquiries, she discovered that the developers didn’t even own the land. In her complaint, she mentioned that the developers’ actions had caused her significant financial and emotional distress. She also revealed that she had filed a complaint with TG RERA about this issue.
In addition to this case, a complaint has also been filed against Bhuvana Teja Infra Developers at the Punjagutta police station. The management of Bhuvana Teja Infra Developers is already entangled in several cases involving buyers. While these cases are ongoing, a teacher from Hyderabad, Chandramani, has filed a case against the Managing Director of Bhuvana Teja, Chekka Subrahmanyam. She accused him of cheating her in the pre-launch offer of the Green Metro Tulasi Bhagyannagar project.
She paid Rs 30 lakh for a 990-square-foot flat—Rs 15 lakh by cheque and another Rs 15 lakh through a bank loan—but has not received the flat. When she confronted them, they issued her dishonoured cheques, promising to refund her money. Based on her complaint, the police have registered a case under IPC sections 406 and 420 against Bhuvana Teja Infra Developers.
Since there is already a case against the same developers at Hyderabad’s CCS (Central Crime Station), Chandramani’s case has also been transferred there. As all cases related to developer fraud are now being shifted to CCS, it seems increasingly difficult for those involved in pre-launch scams to escape justice.
