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
Keystone Realtors Raises Rs 800 Crore from Institutional Investors
Mumbai-based Keystone Realtors has raised Rs 800 crore by selling shares to institutional investors
Kerala Police Hand Over Mami Missing Case to Crime Branch to Avoid CBI Probe
The Kerala police have handed over the missing case of Mohammad Attur, a prominent real estate businessman, to the Crime Branch to prevent a CBI investigation.
Home Sales in Noida and Greater Noida Increase by 6% in Q3 2024
The residential property market in Noida and Greater Noida witnessed a 6% surge in registrations during the July-September quarter, with a total of 8,128 units sold, according to real estate consultant Square Yards.
Mumbai Real Estate Market Sees Significant Growth in 2024 with 1.41 Lakh Registrations
Mumbai's real estate market is on track to register 1,41,302 property registrations in 2024, marking an 11% increase from the previous year. The market is showing resilience and a growing preference for premium and spacious homes.
2025 Outlook: The Future of Commercial Real Estate in Tier-II and Tier-III Cities
In 2025, we can expect a significant rise in commercial real estate activity in Tier-II and Tier-III cities across India, driven by factors such as low operating costs, ample space, skilled talent, and infrastructure development.
Maharashtra's Transport Minister Pratap Sarnaik Invites CREDAI to Develop MSRTC Land
The Maharashtra Transport Minister, Pratap Sarnaik, has called on the Confederation of Real Estate Developers’ Associations of India (CREDAI) to participate in the development of 1,360 hectares of land owned by the Maharashtra State Road Transport Corpora