Hyderabad Real Estate Scam: Brokers Pose as Owners, One Arrested

A 24-year-old man was arrested by the Bandlaguda Police on Wednesday, March 25, for allegedly selling rented properties by posing as the owner. Four others involved in the scam are currently absconding, the police said.

According to the police, the accused are real estate brokers. They would take houses on rent and then pose as owners to collect mortgages from unsuspecting victims. The scam came to light when a resident of Bandlaguda, Mohammed Nusrath Begum, registered a complaint saying she was duped out of Rs 3 lakh by these accused.

The arrested person has been identified as Shaik Omer Amoodi. He reportedly confessed to the involvement of Mohammed Bin Osman Masqati, Mohammed Basith, Ali Jabri, and Shakeer Hussain. Police are trying to identify other victims and trace the money trail to ascertain the involvement of other associates.

People have been asked to exercise caution with property deals and to verify ownership documents thoroughly before making any payments. The police are also urging anyone who has been a victim of a similar scam to come forward and report the incident.

The Bandlaguda Police have set up a special task force to investigate the case and are working diligently to bring the remaining suspects to justice. The real estate market in Hyderabad has seen a surge in such scams, and the police are taking stringent measures to curb such activities.

Residents are advised to be vigilant and to always seek legal advice before proceeding with any property transactions. The police have also issued guidelines on how to verify property ownership and the importance of conducting background checks on brokers and agents.

The Bandlaguda Police have assured the public that they are committed to ensuring the safety and security of all residents and will continue to work tirelessly to prevent such fraudulent activities in the future.