What is the White Waters Constructions fraud case about?

The White Waters Constructions fraud case involves allegations of collecting approximately 270 crore from hundreds of flat buyers without meeting project deadlines.

Who is investigating the White Waters Constructions case?

The Economic Offences Wing (EOW) of Cyberabad police is investigating the cheating case against White Waters Constructions and its directors.

What is the status of the White Waters@Y project?

The White Waters@Y project has missed its promised delivery dates, with only partial structural work completed, and its Telangana RERA registration is expiring in June.

Home / Crime and Justice / Hyderabad: Rs 270 Crore Scam Rocks Construction Firm

Hyderabad: Rs 270 Crore Scam Rocks Construction Firm

8 Feb

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Summary

Hundreds of flat buyers lost approximately 270 crore to a construction firm.
The company allegedly failed to meet project deadlines and faced fraud allegations.
Authorities registered a cheating case against the directors of White Waters Constructions.

Hyderabad: Rs 270 Crore Scam Rocks Construction Firm

A cheating case has been registered against White Waters Constructions and its directors by the Economic Offences Wing (EOW) of Cyberabad police. This action follows a complaint from a flat buyer who alleged the company defrauded hundreds of customers, collecting approximately 270 crore without fulfilling project commitments. The complainant initially paid 11 lakh in 2018 for a flat and subsequently paid a total of 79.94 lakh.

Directors allegedly increased the flat's price and area unilaterally, while project deadlines, initially set for December 2024 and December 2025, were missed. Buyers formed an association, alleging multiple sales of the same flats and significant project delays. Only partial structural work is complete on the 816-unit venture, and its Telangana RERA registration is set to expire in June.