It has been reported by REGnews that a recently established construction company named Buildox is offering pre-launch flats for sale on the contested Hafeezpet Survey No. 80 site. This is the second notice that Buildox has received from the TS Rera Authority. Has Buildox addressed this, though? If not, there is a need for TS Rera to disclose the matter publicly.
Will Buildox face a ten percent of the project value fine from TS RERA if it doesn’t reply to the notice? The Telangana construction industry is looking forward to additional information on this. Because, after the Sahiti incident, the market segments say that there is a double chance of people being cheated in these constructions.
This company is spreading propaganda, saying that the square feet in Kondapur are only Rs 4,700. Moreover, since a flat is coming at such a low price, opposite My Home Mangala, a well-known construction company in Hyderabad, buyers are happily wanting to invest there. Those who buy this do not know that it falls within the scope of Hafeezpet Survey No. 80. There is a case in the Supreme Court. Therefore, if people are not yet cheated by investing money in this project, there is a need for the TS RERA Authority to stop this project immediately. Otherwise, there is a danger that this will become a big scam during the Congress regime.
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