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Hyderabad: Plot for Rs 5 Lakh, Rs 25,000 Monthly Income Leads to Rs 6.58 Crore Scam
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Rs 5 Lakh Plot, Rs 25,000 Monthly Income: Rs 6.58 Crore Fraud Exposed in Hyderabad
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News18
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31-03-2026, 04:56
Rs 5 Lakh Plot, Rs 25,000 Monthly Income: Rs 6.58 Crore Fraud Exposed in Hyderabad
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Fraudsters lured 33 victims with promises of a plot and Rs 25,000 monthly income for a Rs 5 lakh deposit.
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A total of Rs 6.58 crore was collected from victims under the guise of a 'Shubhakhetra' venture in Sangareddy district.
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The scheme promised a 102 sq yard plot, Rs 5 lakh insurance, and Rs 25,000 monthly returns for 42 months.
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Victims were threatened with bouncers when they questioned the lack of plot registration and payments.
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Cyberabad EOW police registered a case, identified key accused, and warned the public about real estate scams.
Read Full Article on News18 in Telugu
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