NBR Developers
Citiescities-arrow
  • more-arrow-down
    • Please wait while loading other cities loading...

Many innocent victims in real estate

  • No. 1 Property Portal in India
  • Over 25 Lakhs Apartments and More
  • Post Free Residential Properties in India
  • Find Property in Bangalore
  • Buy/Sell/Rent Apartments in India
  • Search Latest Residential Property in India
  • Get Free Alerts on Property Requirements
  • Find Agents/Buyers for your Property
mobile-ad
Claimed sources to www.propertykhazana.com said that, M Prakash Rao a Businessman from Srikakulam District of Andhra Pradesh had to purchase a flat in the Hyderabad city. He had a dream of owning a property in High-Tech and was in the city and went on a site visit and gazed few projects and finally settled for a flat in Hayathnagar. He did not know that within a year of disbursing easy EMIs to possess the dream flat lead loosing his money with his realty dealer packed the establishment and had escaped with his funds. Many peoples like Prakash had been swindled by the realtors and as a result the cases are filing up at the Andhra Pradesh State Consumer Disputes redressal Commission. The commission was dealing with complaints for about 1,200 allied to the realty. In the majority of cases, there were no sale deeds or mother deeds and there was no proof of property transfer also from the proprietor to the realty agents.
President Justice I Venkatanarayana of AP State Consumer Disputes Redressal Commission told that, “The realtors was just giving money as advance for the property owners and they were showing the receipt as proof of the property transfer and then sell out the flats. Though, the property had proper title deeds, more often the layout was not sanctioned by the authorities like Hyderabad Urban Development Authority (HUDA) and the client had made an awful investment on the property.” Commission was getting around 10 cases on the realty deals every month where the settlement awarded was up to Rs. 20 Lakhs. The most famous locality for such fake realtors is in Hayathnagar Mandal and on Vijayawada and Kurnool National Highways and some of defraud is based in Hayathnagar who sells the flats to different people.
Source: NIMMA BENGALURU

Property Listings

Apartments, Flats and Property for Sale in Hyderabad

Sep 11, 2016
Aliens Space Station is distinguished by its highest quality construction, prime location, aesthetic appeal, functional design and optimum use of..
Jun 08, 2016
Brand new duplex apartment of 4477 sq.ft. with 4 bed rooms, study room, servant quarter, 3 balconies, 14th floor swimming pool view, vineer and..
Nov 27, 2015
Manjeera group presents, Manjeera trinity, The unique complex with residential, Commercial and entertainment blocks. This magnificent project..
Oct 15, 2015
Taking its Vision forward Aditya plans to evolve into a globally acclaimed construction company with footprints across various geographies, by..
Oct 13, 2015
WELL MAINTAINED HOUSE, 100% VASSTU, PRIME LOCALITY,NR TO MARKET SCHOOL BUS STOP BANK WITHIN 0.5 KM..
Oct 01, 2015
Aditya constructions is launching its high end Project " Aditya Fair mount " in Vicinity Nr . Jubil Hills , & Hitech..
Jul 01, 2015
Are you looking for Flats in Tarnaka..??? You are at right place, Homeulike.com offering best 2 bhk and 3bhk flats for sale in Tarnaka, Hyderabad...
May 21, 2015
DX 2 BHK FLAT @ TARNAKA, X ROADS 4 SALE 2BHK. FLAT. 102 NORTH. FACING (SHUBHANILAYAM APARTMENTS. WEST FACING) @TARNAKA. X Roads, Opp:..
Apr 06, 2015
North face,Fully Furnished 2BHK Apartment with A/c and all wood work .It is located in prime location walk able distance to..
spacer

Apartments, Flats and Property for Rent in Hyderabad

Jun 24, 2016
3 Bhk apartment for rent 1881 sft semi furnished on 2nd Floor with nice ventillation on immediate..
Aug 06, 2015
1 BHK accommodation with all facilities available for rent for not .more than two persons at Malkajgiri, Secunderabad. Contact cell..
May 23, 2015
A beautifully designed Apartment of 50 Luxurious Flats located near chirec pubic school, kondapur,Hyderabad. Set within a lush green space of..
Apr 05, 2014
Ready to move 2bhk flats with all amenities new construction,868-871,block B SRI RAM NAGAR OPP.CHIREC PUBLIC SCHOOL hasitha srilaxmi..
Mar 24, 2014
Apartments at an affordable rent in a gated..
Mar 11, 2014
3BHk at Bachupally for Rent-Rs. 7000/- per..
Mar 11, 2014
all wood work done, wardrobes and kitchen cup board work etc. and Marble flooring, 24 Hours water supply with over head tanks, drinking and bore..
Mar 10, 2014
3 bhk semi furnished flat for rent. Located in prime location with all..
Mar 05, 2014
New 2 BHK 302 flat for Rent 6000Rs - 954 Sft . Just 12kms to hitech city. Located very near to Busstop, Shops, Schools and..
Feb 18, 2014
3bhk flat available for rent in gachibowli area-1250/1470/1570/3000sft three different sizes for more details please contact on - 7674824440..
spacer
spacer
spacer
spacer
spacer