Guntur district: Real estate scam in Mangalagiri with pre-launch offer
The Ramakrishna Housing is constructing Ramakrishna Techno Park and Ramakrishna Venuzia, high-rise apartments, near Kaza toll gate in Guntur district spread over 170 acres. It collected money in advance from the customers with pre-launch offer. The company was also registered with RERA. The real estate firm had promised to hand over flats in Ramakrishna Venuzia by May 2021 but the works are moving at a snail’s pace. Customers have lodged complaints with the RERA as the company was not in a position to hand over flats as promised. The real estate companies are offering pre-launch scheme to collect black money from customers.