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.
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