Archive · 18 Jun 2025
Rs. 300 Crore Real Estate Scam Hits Telangana Buyers
Imagine many families saving all their money to buy homes.
They gave their money to a man named Kakarla Srinivas, who promised them houses or land.
Sadly, it was a trick.
Srinivas took the money but didn't give them homes.
He even sold the same piece of land to multiple people!
Now, the families are left with nothing, and their money is gone.
The police caught Srinivas once, but he got out and disappeared.
These families are asking for help from the government to get their money back and punish the person who cheated them.
A real estate scam in Telangana has defrauded hundreds of middle-class families.
The alleged fraud, orchestrated by Kakarla Srinivas and Jaya Group, exceeds Rs.300 crore.
Victims invested life savings expecting affordable housing but received neither homes nor refunds.
Srinivas was arrested in January 2023 but released on bail and later went absconding.
The same land was reportedly sold to multiple buyers, and refund cheques bounced.
- Who
- Kakarla Srinivas and his company, Jaya Group, are the alleged perpetrators, with hundreds of middle-class families as victims.
- What
- A massive real estate scam defrauded buyers.
- When
- January 2023 (Srinivas's arrest)
- Where
- Telangana, India
- Why
- Srinivas allegedly defrauded buyers by taking their money for plots and flats but failing to deliver or provide refunds.
Victims' Perspective
Accused's Perspective
Justice and Compensation
Victims' Perspective
Victims demand justice and recovery of their invested money.
Accused's Perspective
N/A
- Alleged Scam Amount
- Rs.300 crore+
- Accused
- Kakarla Srinivas, Jaya Group
- Victims
- Hundreds of middle-class families
- Type of Fraud
- Real estate scam
- Crime Number
- 647/2023