Illegal selling of flats

₹37.05 L - ₹80.57 L
Possession on: Jan 2018
Status: Under Construction
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Illegal selling of flats
May 19, 2020 06:39 PM 22720 views

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Hi, I heard that this company’s original name is ALLIANCE GROUP and they actually started their business in Bangalore. They got into lot of issues with their customers in Bangalore and that was the time when they decided to move from Bangalore to Chennai. But today, even in Chennai, they have got a very bad name as they were involved in many cheating cases with their customers.


I saw one of their brochures which say “South India’s Largest Real Estate Company”. I could not stop my laugh after seeing this as they are not even among top 100 real estate companies of South India. If there are 1000 real estate companies in South India then the rank of ALLIANCE and URBANRISE would be 999.


The brand ALLIANCE GROUP gained such a bad name in Chennai market that their sales started dropping drastically. To control this downfall, they decided to launch new projects under the new name – URBANRISE.


Most of their new projects don’t have Government approvals and RERA registration. In Hyderabad, they started selling one of their proposed projects in Bachupally without even Government approvals and RERA registration.


I heard that they are into deep financial crisis and therefore they are trying to generate some revenue by selling flats in Bachupally, Hyderabd. However, none of their projects has Government approvals and RERA registration in Hyderabad and they have been selling illegally pushing customers into trouble. Whatever money they earned by selling flats illegally in Hyderabad is diverted to Chennai to start construction of their long delayed projects there. I am sure they don’t have the capability to start construction in Hyderabad for the next 3 years as they are badly held up with their long delayed projects in Chennai.



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