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Pre-Launch Property Scams Resurface in Hyderabad After Telangana Rising 2047 Summit
Kokapet, Kondapur, Miyapur & Neopolis Under Scanner | Real Estate Alert
Are Illegal Pre-Launch Sales Funding HMDA Auction Payments?
Even as the Telangana Global Rising 2047 Summit concludes, pre-launch real estate scams have resurfaced across Hyderabad, raising serious concerns among homebuyers and investors. Areas like Kokapet, Kondapur, Miyapur, Bachupally, Kollur, Tellapur, Velimela, and Patighanpur are witnessing a sharp rise in unauthorized pre-launch property sales.
Reports suggest that after winning the Kokapet Neopolis HMDA land auction, certain developers allegedly shifted focus to pre-launch collections to arrange massive funds required for HMDA payments. This has triggered outrage, especially as TG RERA’s inability to curb illegal pre-launch sales is drawing criticism from both buyers and compliant builders.
While developers following rules face strict scrutiny, companies selling projects without approvals are allegedly collecting hundreds of crores unchecked. Even buyers who approached TG RERA claim dissatisfaction with the outcomes of complaints.
This raises a crucial question:
👉 Is it legal to raise funds through pre-launch sales to pay HMDA auction amounts?
👉 Should HMDA issue a public clarification on pre-launch legality?
If such practices are deemed acceptable, many more builders may aggressively enter land auctions — increasing risks for common homebuyers.
📢 Watch this video for ground-level facts, legal clarity, and what buyers must know before investing.
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