Hyderabad: A real estate scam is unfolding where buyers are being sold undeveloped plots without the promised amenities like roads, electricity, and parks. Suvarnabhoomi Developers, who have been the target of multiple complaints, are among the key player
Real Estate ScamUndeveloped PlotsReraHyderabadSuvarnabhoomi DevelopersReal EstateJan 09, 2025
The main issue is that the plots sold by Suvarnabhoomi Developers are undeveloped and lack essential amenities such as roads, electricity, and parks.
Six complaints have been registered against Suvarnabhoomi Developers with the Real Estate Regulatory Authority (RERA).
RERA-registered developers like Maha Infra and Axis Constructions are involved in purchasing land, obtaining layout approvals, and then selling undeveloped plots to other developers such as Suvarnabhoomi Developers.
Buyers are at a legal disadvantage because the agreements with Suvarnabhoomi Developers do not include any legal commitments for infrastructure development, making it difficult to hold the developers accountable.
Srinivas Rao advises buyers to carefully review the agreements, ensure that the developers commit to completing the layout within a specific timeframe, and include a clause detailing the timeline for completing infrastructure.
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