Hyderabad Police File Case Against Kirthi Infra for Real Estate Fraud
Hyderabad: The LB Nagar police have registered a case against the officials of Kirthi Infra, a real estate company, following a complaint from a resident of Chanchalguda.
Real Estate FraudLb Nagar PoliceKirthi InfraAdvance PaymentRefundedReal EstateJan 07, 2025
The complaint was lodged in December and details a fraudulent transaction involving the sale of an apartment.
According to Bharatha, representatives from Kirthi Infra, including D.
Srikanth, D.
Gopal, Bhukya Radha, and executive director Shashi Kanth, approached him through their sales manager, Supriya.
They offered to sell him an apartment in a 16-floor gated community and sought an advance payment of ₹42 lakh.
Bharatha paid ₹32 lakh through cheques but later developed doubts and requested a refund.
Despite several reminders, the developers failed to refund the money.
The cheques issued by Kirthi Infra bounced due to insufficient funds.
Bharatha then approached the LB Nagar police, leading to the registration of the case.
A police officer revealed that there are approximately 100 people who have paid the accused for houses.
However, many victims have not filed complaints; they are hoping for the return of their investments.
The police are now investigating the matter to identify all the victims and ensure justice is served.
Kirthi Infra is a well-known real estate company in Hyderabad, involved in the development of several residential and commercial projects.
This case has raised concerns among potential buyers, and the company is under scrutiny for its financial practices and customer dealings.
Realtors and legal experts advise potential buyers to be cautious when making advance payments and to verify the credentials and financial stability of real estate developers before entering into any agreements.
They also recommend keeping detailed records of all transactions and communications to protect their interests in case of any disputes.
The LB Nagar police have urged anyone who has been affected by Kirthi Infra to come forward and file a complaint.
They assure that all complaints will be thoroughly investigated and appropriate legal action will be taken.
Frequently Asked Questions
What is the main issue with Kirthi Infra?
Kirthi Infra is accused of taking advance payments for apartments and failing to refund the money when the transactions were not completed. This led to the LB Nagar police registering a case against the company's officials.
Who is the primary complainant in this case?
The primary complainant is Bharatha Raveender, a resident of Chanchalguda, who paid ₹32 lakh as an advance for an apartment but did not receive the refund he requested.
How many people are estimated to have been affected by this fraud?
According to a police officer, approximately 100 people have paid the accused for houses, but not all have filed complaints.
What is the advice given to potential buyers in the real estate market?
Potential buyers are advised to be cautious when making advance payments, verify the credentials and financial stability of real estate developers, and keep detailed records of all transactions and communications.
What is the next step in the investigation?
The LB Nagar police are urging anyone who has been affected by Kirthi Infra to come forward and file a complaint. They are investigating the matter to identify all victims and ensure justice is served.
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