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A Hyderabad-based property developer has been accused of defrauding investors under a pre-launch housing scheme in Sangareddy district, according to police reports. The Cyberabad Economic Offences Wing has registered a criminal case against Bharathi Builders India and several of its senior executives for allegedly collecting investor funds without delivering the promised residential units. Complainants say the company marketed flats under an attractive pre-launch offer that guaranteed returns and timely completion, but the project failed to materialise and refund attempts were unsuccessful. Land ownership was reportedly transferred without buyers knowledge, affecting hundreds of investors who collectively paid millions of rupees. Police are examining documents and receipts to determine the extent of the alleged fraud as part of an ongoing investigation.
A real estate company in Hyderabad is facing serious allegations of defrauding investors who were lured into a pre-launch offer for a proposed residential project in Bhanur, Sangareddy district. Law enforcement authorities have registered a case with the Cyberabad Economic Offences Wing (EOW) after multiple complaints were filed by prospective buyers alleging financial deception and non-delivery of homes. Advertisement
According to police, Bharathi Builders India promoted the project, identified as Bharathi Green Empire Heights, from late 2021 with promises of approvals and attractive returns for early investors. The offering was marketed as a pre-launch scheme that would see homes delivered within a set timeframe and investor funds multiply through the pre-launch pricing structure. Buyers were told their money might double within two years.
One complainant, a private employee from Chikkadpally, reported that he paid INR 11.5 lakh half of the quoted price for a 1,150 sq ft double-bedroom flat in October 2021 under this scheme. However, when he later visited the site, he found that the land was registered in the name of one of the company's shareholders, raising concerns about misrepresentation. Further enquiries suggested that at least 22 other investors had paid similar amounts, collectively contributing INR 5.39 crore, yet the development had not progressed and refunds had not been honoured.
Additional investors estimated to number around 300 also raised complaints, alleging that promotional brochures, television advertising and assurances from sales agents misled them into investing. Some refund cheques reportedly bounced, compounding investor grievances. Police have filed the case under relevant sections of the Bharatiya Nyaya Sanhita, including provisions related to cheating and criminal breach of trust, and are reviewing financial records and agreements to establish the full scope of alleged wrongdoing.
Investigators have noted that this is not the first time the company's leadership has faced scrutiny. In 2024, Cyberabad EOW registered a separate case against the same representatives in connection with a different pre-launch project called Bharathi Lake View, in which investors alleged similar irregularities and large collections without construction progress.
The ongoing probe is expected to determine further legal action, including potential charges against corporate directors and senior executives. Police have advised prospective homebuyers to verify land titles, statutory approvals and project registrations before investing in pre-launch property schemes.
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