The investors who invested their hard earned money in Sahiti Infra Tech project and sustained losses on Sunday conducted a “homa “in Madhapur seeking intervention of the state government to render justice to them. The developer collected huge amount from the buyers to sell them flats and cheated the customers by not giving possession of the flats.
The developer and MD of Sahiti Infra Tech B Lakshmi Narayana collected Rs 400 crore from 1500 customers and diverted funds to other properties, it is alleged. The Enforcement Directorate is probing into the case. In this backdrop, the customers seeking justice from the government organized the “homa” with the participation of over 150 persons.
