Tolivelugu Crime Bureau: No matter how they earn money, the big shots often enter the real estate sector at some other point. With the profits of one and two projects, they are buying land at a high price beyond their means. Sales are being made under the name of pre-launch for the construction cost at the agreement stage itself. They are raising hope by saying that it is less than half of the market price. All that money is being spent on other project lands. Due to this, the original project is not moving forward. In this way, they are investing with high expectations. This actually results in discharge. In this order, Sahiti and Jaya Group’s ownership has calculated the losses. Customers are coming to the road and doing dharna. However, after drowning, they are suffering from cold. They are managing the law by giving bribes to government officials. In this way, there is a danger for customers with another reputed company in Hyderabad. If you’re not careful, your own dream might just be a dream. Starting in 2008, Hall Mark Builders has completed all the projects till 2017. After that, difficulties are faced by those newly started. They claim to have 8 projects ongoing, but they have been collecting money in the name of pre-launch since 2016.
A hallmark in the eyes of IT executives
A two-story commercial space was sold to Minister Mallareddy’s brother for 30 crores. In the recent IT attacks, the entire white amount was inquired about. However, the question of how much the black amount was given to the distressed company is still going on.
Difficulties after the death of the main man!
Hall Mark stands for Ashok Vardhan. After he died of a heart attack, difficulties began. All the money that came to the projects was used to buy land. Constructions have become difficult. Those who made the agreement gave shares in the same name to the owners without constructing part due to pressure. Construction of 2 acres of land was taken up directly by former MP Ponguleti Srinivas Reddy. Kondapur project was given. The money left less in the adjustment. However, now it seems that Srinivas Reddy’s sons are waging a cold war with Hallmark directors. It is reported that 130 crores were given to Ashok Vardhan’s share to include his wife as a director and leave the whole. Due to this, financial difficulties have increased.
Pre-launch plan
The market is not cooperating much even after selling with pre-launches. The villas are marketed as 6 thousand square feet. Final approvals from HMDA have not been received. Not even applied for RERA yet. But, they are charging money with pre-launch. However, due to difficulties, it seems that the projects in the Kollur area are getting ready to be handed over to third parties. In the past, Sahitya and Jaya Group were hit by similar experiments. If you start something like that now, it will be a total fraud. It is not known who is responsible for the money collected from the customers. There is no guarantee when the projects will be completed. In the past, when there was no RERA, land-sharing registration was done. Now such things are illegal. As the years go by, the ownership of Hall Mark Builders is looking at directions due to the pressures coming from the land owners and those who bought the plots.
They say there are no problems!
The stock broking model has been created and the victims it is being planned out to cheat the people, and Tolivelugu has already sensed it and decided to warn the people. It is in this order that Hallmark contacted the directors. It said that all the projects are running fast. They said they are not selling despite the pre-launch offers. Director Jaipal Reddy explained that everything is legal. But, their answer does not match the current situation. Huge differences are seen in the calculations of the projects. There is a need to bury all these so that the people who have the dream of owning their own house do not face any difficulties.