Six held in land sale racket

Hyderabad: The Rachakonda police have nabbed a six-member gang of real estate brokers, who allegedly sold the land belonging to a Housing Society valued at Rs 1.4 crore in the name of ‘Rachakonda Kalpavruksha Real Estate’.  Rachakonda Commissioner of Police Mahesh Bagavath told the media in Hyderabad on Tuesday that  one Raghavendar, one of the fraudsters, sold 12 acres belonging to a housing society at Hayat Nagar by dividing  it into plots to many persons with double registrations. Following a complaint from one Ravinder Reddy, one of the victims, the police swung into action and arrested Raghavender Reddy and five others.

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