A couple residing in Boduppal, Hyderabad, has allegedly been duped of Rs 1.97 crore in a real estate transaction orchestrated on the advice of a relative. Medipally police registered a case this week and have commenced an investigation after the investors reported paying Rs 2.67 crore in instalments without receiving any legal property registration.
| Detail | Reported Information |
|---|---|
| Amount Allegedly Invested | Rs 2.67 crore |
| Amount Allegedly Lost | Rs 1.97 crore |
| Amount Reportedly Returned | Rs 70 lakh |
| Key Accused Named | D Sagar, Pravalika, Balaji |
| Investigating Authority | Medipally Police Station |
| Incident Location | Balaji Hills, Boduppal, Hyderabad |
Police Probe Rs 1.97 Crore Property Investment Fraud
According to a contemporaneous report by the Medipally police, the affected couple, who live in Balaji Hills, paid out Rs 2.67 crore based on the promise of high returns. Despite fulfilling the payment terms in multiple instalments, the couple alleged that the promised real estate properties were never formally registered in their names.
When the investors confronted the primary intermediary, their relative D Sagar, he reportedly returned Rs 70 lakh. However, the complaint alleges that the couple faced direct threats when they subsequently demanded the repayment of the outstanding Rs 1.97 crore balance.
Alongside Sagar, the couple named two other individuals, identified as Pravalika and Balaji, alleging their involvement in the financial transactions. Based on the couple’s complaint, Medipally police have officially registered a case and initiated a probe into the alleged fraud.
Why Unregistered Deals Carry Major Financial Risks
The directly affected parties in this dispute are the Hyderabad couple who state they received neither proper property registration nor full repayment. More broadly, this case highlights how buyers and investors entering high-return property arrangements through relatives or intermediaries may face substantial financial and title risks.
If ownership documents and transaction records are not independently verified, investors can be left without legal recourse. Verifying project credentials under the Telangana RERA Rules and ensuring documentation is registered immediately upon payment is a critical general precaution for all buyers.
Boduppal Dispute Spotlights Hyderabad Suburb Realty Safety
Because the alleged fraud involves residents of Balaji Hills in Boduppal and is under active investigation by Medipally police, the dispute is highly relevant to property buyers and investors operating in Hyderabad’s rapidly growing eastern suburbs.
Transactions in these fast-developing zones often involve informal agreements. Checking official land details, such as the Record of Rights Telangana, is essential to confirm actual ownership before transferring funds.
“The central risk indicated by the complaint is the gap between money being paid and legal title being transferred. Until investigators verify the documents, the case remains an unproven allegation.”
How the Relative Promised High Property Returns
Police statements indicate the couple was first approached by their relative, D Sagar, who strongly advised them to invest their money in real estate. He allegedly assured the couple that the arrangements would yield exceptionally high returns.
Trusting this familial connection, the couple agreed to the proposed real estate investment arrangement, handing over the Rs 2.67 crore in scheduled instalments. The expectation was that legal property documents would be transferred directly into their names, which the complaint alleges never occurred.
Medipally Police Investigation and Expected Next Steps
The allegations presented by the couple have not yet been adjudicated by a court. Medipally police are now expected to thoroughly examine the official complaint, looking specifically into the bank payment records, personal communications, and any existing property documents.
Investigators will also assess the alleged involvement of D Sagar, Pravalika, and Balaji. Readers and local investors should watch for further confirmation of the case details, the potential filing of formal charges, any recovery of the remaining funds, and subsequent police statements regarding property title findings.
Reality Check
Until a court rules on the matter, these events are legally treated as allegations. For property investors, this episode underscores the vital necessity of conducting independent title checks and drafting written, legally binding agreements. Traceable bank payments must always align with immediate property registration to ensure a promised real estate return is actually secured.
Analysis
Market analysts note that relying on family ties or intermediaries for real estate deals without formal legal backing frequently leads to financial vulnerability. The gap between cash being handed over and a legal title being registered is where the highest risk of fraud occurs. Independent verification is not an allegation against an intermediary, but a standard market precaution essential for safeguarding capital.
Frequently Asked Questions
How much money did the couple allegedly lose?
They allegedly lost Rs 1.97 crore after paying Rs 2.67 crore and reportedly receiving Rs 70 lakh back.
Where does the couple live?
They live in Balaji Hills in Boduppal, Hyderabad.
Who allegedly advised them to invest?
Their relative, identified as D Sagar, allegedly advised them to invest in real estate and promised high returns.
Were the properties registered in the couple’s names?
The couple alleged that the properties were not registered in their names.
What action has been taken?
Medipally police have taken up an investigation based on the couple’s complaint; another contemporaneous report said a case was registered.
Who else did the couple name?
The couple alleged that Pravalika and Balaji were involved in the financial transactions.
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