Hyderabad: Rachakonda police detained a man, who grabbed vacant lands illegally and sold them as residential plots under the banner ‘Green City’ at Toopranpet in Hyderabad.
The prime accused, Aenugu Madhava Reddy, has been into real estate business for the last 20 years, said the police. He, with Paridham Sekhar, Paridham Suresh, Pedapudi Naresh and Akula Srikanth, chalked out a plan to earn easy money, revealed the investigation. The other four accused have also been arrested.
During interrogation, Reddy said that they were well-acquainted with the layouts in Toopranpet and land under Choutuppal limits. They found plots lying vacant for a long period and obtained the certified copies of the same from the sub-registrar office.
The accused made the buyers believe that the link documents were under mortgage and will give them once the registration process was done. After a few months, the victims would understand that they were cheated and then question the accused, who would threaten them or just try to prolong the process.
The investigation also revealed that the gang were also having contact with Kanuri Annapurna, who also does real estate business in the said venture, and also with the employees of Green City venture.
The gang was into the shady deals since 2016 and till now, they had manipulated seven such transactions involving forgery and impersonation.
The Choutuppal police seized seized fake sale deed documents pertaining to seven plots measuring 1,600 sq. yards, Rs 7,00,000 cash and two cars from the gang members.
Madhava Reddy has been lodged in the district jail of Nalgonda.