Tolivelugu Crime Bureau: He came to Hyderabad with nothing but bare clothes from Vijayawada. And so far, he was capable of raising over Rs 300 crores from three projects in two years, without investing a single penny. The history of each project is quite mysterious. They even surpassed Sahiti in doing such things in certain ways. Keeping it simple, they are overselling the land which is not theirs by making offers. The office address has been changed on the website saying that there has been a difference. The interviews given as pre-launch offers were kept private. The comments that are telling how they are involved in fraud are being deleted. They are showing fake aspirations through the visual mediums showcasing structures, towers, and blocks between the four walls. As the time is approaching, new guises are being put on. These are all the words of some customers about Bharti Constructions.
Huge irregularities in Kompally
Bharti Builders India Private Limited was established in April 2021. It seems that an advance was given for six and a half acres of survey no. 118 and 119 in Kompally at that time. The total land value is Rs 42 crores. For this, it is reported that the sale agreement papers were mortgaged with a financier, and Rs 40 crores were taken. It seems that the same money was registered and mortgaged with the same Marwari financier. It is reported that Rs. 100 crores have been collected from 300 people in the name of pre-launch, as they have to pay interest of Rs. 50 lakhs every month. It seems that with this money, advances were given for lands elsewhere, marketing people were given huge commissions, and parties were organized for customers.
The real story has just begun
Two years have passed by the time it turns around. The foundation of the project which was supposed to be completed in 36 months was not even laid. This has increased the pressure on the customers. Applied for permits. But, as all the original papers are in the hands of the financier, there are reports that the HMDA approvals are not coming. However, some people are discussing that the work has been started and they are showing the work and pulling money from new customers. It is said that in 45 days, Rs 4,000 per square foot, Rs 6,000 for a bank loan, and Rs 6,000 for a single payment are being used by old customers for resale. They are still saying that they will give Rs 3,500. Some customers complain that Kompalli Cine Planet Road under the name of Bharti’s Lake View Towers is showing daydreams with each passing day. It is said that the money is being settled for those who have complained at the police station about the delay in this project. It is said that they are cheating by saying 6 blocks of 605 plots with 10 floors without any permission.
The never-ending saga of Bharati
Some customers are flagging that the management of Bharti Builders is not okay even after collecting a thousand crores. They further went on to promote that the lands of Kandishikas in Puppalaguda have been confiscated and that they are quite acquaintances with IAS Arvind Kumar and that they have dinners together.
With this kind of fraudulent promotion, they managed to get hold of vast lands in Bhanoor. Tolivelugu Crime Bureau is going to give a series of articles on each project.