- We will do pre-launches..
- No one can stop us!
- An attitude of ‘we are backed by some big heads in government’
Some builders in the real estate sector of Hyderabad are not afraid of TS RERA. That is why flats and villas are being sold in pre-launches. The main reason for this is that some big heads in the government have patronage for these organizations. Hence, many builders are not afraid of the TS RERA Chairman. A Bengaluru-based company is running prelaunches smoothly with channel partners. The respective channel partners are keeping the advance payment cheques given by the buyers. It seems that the main reason for this is that the Bengaluru-based company told the respective channel partners that they would take the cheques only when the RERA number was received.
Another company started a prelaunch business near Kukatpally IDL Lake. This company has not completed a single project in the city so far. However, by starting one project after another, it is collecting a huge amount of money from the buyers. That means buyers should still be wary of this company doing pre-launch sales with multilevel marketing.
