Allegedly, a top real estate firm sold several acres of land to VVIPs across the country. They sold the land promising that it has excellent water facilities. Apparently, high-rise apartments and gated communities were planned to built there. However, the plan was dropped after a dispute aroused between the business partners. It was revealed that it was an agricultural land and the real estate firm has not acquired permission to construct a building on it.
Now, it is said that the firm has bought the land at the cost of Rs 1 lakh per acre and sold it at Rs 10 crore.
The revenue department has now sent a notice to the firm, we have to see whether Ramya Krishna, Nayanthara, Anjali Tendulkar will get their investments back.
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