The Real Estate Mafia: Uncovering the Truth Behind Hyderabad's CSK
Chimanlal Suresh Kumar, a textile trader turned real estate mogul, is under investigation for encroaching and selling lake land at Shastripuram, leaving hundreds of buyers in financial ruin.
Real Estate MafiaChimanlal Suresh KumarHyderabadRuknuddowla LakeHydraaReal Estate NewsAug 15, 2024
Suresh Kumar, in his late 50s, is reported to be responsible for encroaching on the land of the Nizam era's Rukn-Ud-Dowla lake at Shastripuram. Recently, the HYDRAA dismantled 13 multi-storey buildings and 11 boundary walls on the lake land. According to sources, Suresh Kumar had purchased the lake land from Mohammed Khader and started a real estate venture on over 11 acres in a partnership with the King's Group.
Before starting the venture, Suresh Kumar allegedly got his men to fill up the lake over a period of eight years. He then prepared documents to get the land on his eldest son's name. The sources said Suresh Kumar used his political connections to mortgage the encroached land and later sold it to customers.
Frequently Asked Questions
Who is Chimanlal Suresh Kumar?
Chimanlal Suresh Kumar is a textile trader turned real estate mogul, who is said to be part of a real estate mafia in Hyderabad.
What is the Rukn-Ud-Dowla lake?
The Rukn-Ud-Dowla lake is a historic lake that dates back to the Nizam era, located at Shastripuram in Hyderabad.
What is HYDRAA?
HYDRAA (Hyderabad Metropolitan Development Authority) is a regulatory body responsible for the development and planning of the Hyderabad metropolitan area.
How much money did Suresh Kumar allegedly make by cheating buyers?
Suresh Kumar allegedly made over ₹400 crore by cheating hundreds of buyers.
How many cases are pending against Suresh Kumar?
Suresh Kumar is named in seven cases involving cheating, forgery, and threatening cases.
Related News Articles
Vageshwari Properties Acquires Mumbai Bungalow for Rs 276 Crore
Vageshwari Properties has made a significant investment by acquiring a bungalow in Mumbai for Rs 276 crore. This strategic move highlights the company's commitment to expanding its real estate portfolio in one of India's most lucrative markets.
Mapic India Shopping Centre Summit 2025: The Ultimate Retail Revolution
The Mapic India Shopping Centre Summit 2025, themed 'Next-Gen Retail Revolution,' is set to take place on April 15, 2025, at the JW Marriott Hotel, Aerocity, New Delhi. This premier event will bring together industry leaders, innovators, and experts in retail, real estate, and technology to discuss the future of the retail landscape in India.
From Market Corrections to Strong Upside: What 2025 Holds for Investors
Discover expert insights from Mitesh Panchal of MiteshPanchal.in on key trends, market patterns, and actionable opportunities for investors in 2025. From historical corrections to strong rallies, Mitesh provides a roadmap for navigating the dynamic market
Residential Property Registrations See 4% Upswing in 8 Major Indian Cities in 2024
The Indian residential real estate market is showing promising signs of recovery post-pandemic, with a 4% rise in property registrations in eight major cities, including Mumbai, Bengaluru, and Hyderabad.
Bhopal: 52 Kg Gold, ₹10 Crore Cash Seized from Abandoned Car: Links to High-Profile Case Unveiled
The Income Tax (IT) department has made a significant seizure of 52 kilograms of gold and ₹10 crore in cash from an abandoned car in Bhopal. The haul is believed to be linked to an ongoing high-profile case.
Kannada Actor Harshvardini Ranya's Unexpected Encounter with DRI at Bengaluru Airport
Kannada actress Harshvardini Ranya recently faced an unexpected encounter with the Directorate of Revenue Intelligence (DRI) at Bengaluru International Airport. The incident has sparked discussions about the increasing scrutiny of celebrities and the lega