Five victims of the Sahiti Infra scam in Hyderabad receive assistance

HYDERABAD: The Hyderabad District Consumer Disputes Redressal Commission-3 ordered a refund of the amount spent by the customers along with a compensation of $50,000, which was a relief for five homebuyers who had paid for flats advertised by the scam-hit Sahiti Infra. The police and Enforcement Directorate are looking into the firm.

Vishwanadham Keshetti, a Jeedimetla homeowner who was one of the complainants, accused Sahiti Infratec Ventures’ Boodati Laxminarayana of defrauding consumers. The business had promised to sell him a yet-to-be-built property for 48 lacks as part of their pre-launch offer.

According to the agreement of April 28, 2021, the complaint consented and paid the whole sum.

However, the company remained unresponsive and did not begin any returns despite repeated attempts to inquire about the project’s status. The high-rise apartment complex’s construction was scheduled to be finished in 36 months, with a grace period of 6 months beginning on the day of the project’s final approval.

The commission ordered a full refund of the money paid together with 9% interest since Sahiti Infratec, according to the commission, failed to provide any proof of the project’s development.

Additionally, the corporation was told to pay 5,000 in expenses and 50,000 in compensation.

Chaluvadi Sridhar and Yarlagadda Sravanthi each received refunds of 21 and 33.2 lakh respectively in the other cases. They both also received awards for a 50,000 dollar compensatory payment and a 5,000 dollar expense payment.