Tripura Constructions is accused of defrauding hundreds of homebuyers through a pre-launch offer near Hyderabad's Tellapur, as reported by Namasthe Telangana. Victims claim that approximately ₹500 crore was collected in this alleged scam.
According to Namasthe Telangana, Tripura Constructions announced a pre-launch offer in 2021 in Tellapur, Sangareddy district, promising plots at a low price. Hundreds of individuals invested, believing in this offer.
Namasthe Telangana states that central government and software employees were targeted in this alleged fraud. Several victims approached the Hyderabad CCS police, claiming they were defrauded of crores of rupees after being promised plots at reduced prices.
As per the details provided by the victims, Tripura Constructions collected around ₹500 crore from hundreds of people, promising to fulfill their dream of owning a home, Namasthe Telangana reported. The victims have requested action against Tripura owner Pasupuleti Sudhakar and other company representatives.
This alleged fraud has impacted employees in Hyderabad and its surrounding areas. The incident serves as a warning for those looking to purchase properties at lower prices to be cautious of such pre-launch offers.