NRI duped of Rs 30.6 million by Hyderabad real estate company

04 Oct 2024 CW Team

A Non-Resident Indian (NRI) from Nigeria lost Rs 30.6 million after being lured by a real estate firm that promised to provide him land in Kondapur, where a popular Tollywood hero served as the brand ambassador. After collecting the payment, the accused promised to register the property but ultimately deceived the businessman by making him wait at the sub-registrar's office without showing up.

The victim approached the Cyberabad police and filed a criminal case against the proprietor of the real estate company. The complainant had been in search of land with potential for appreciation during his visit to India in 2021. After encountering social media advertisements featuring the hero, he contacted company representatives who presented various projects in Ranga Reddy district and nearby areas.

He decided to purchase 2,100 square yards in Kokapet and paid Rs 30.6 million, with an agreement that the registration would occur within a year. Later, the complainant discovered that the plots sold to him were already registered in other customers' names. When he confronted the proprietor, the latter assured him that he would persuade the two customers to cancel their sale deeds, thus facilitating the registration of the promised plot. He also guaranteed that the registration would be completed at the sub-registrar's office after settling the outstanding dues.

The victim paid the pending amounts and was shown the sale deeds intended for registration in his name. He was instructed to visit the SRO's office to finalize the remaining formalities. As agreed, he went to the SRO, hoping for the registration to be completed, but the proprietor did not appear. The Cyberabad police reported that when the victim made repeated attempts to contact the accused, he evaded all meetings. Consequently, the police registered a criminal case against him on charges of conspiracy, cheating, and breach of trust.

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