Hyderabad, July 18 -- Cyberabad's economic offences wing has booked a real estate company and its directors for allegedly collecting crores of rupees from flat buyers without securing the approvals needed for their project or handing over possession as promised.

The case follows a complaint from A Harshavardhan Reddy, a Champapet resident employed at a private firm, against Pranith Koncepts Private Limited over its Pranith Ambience project in Puppalaguda.

Harshavardhan said he first came across the project in September 2023 and visited the site, where seven blocks, A through G, were planned. At the time, blocks A and C were nearly finished, block D had reached three floors, and excavation was still on for blocks B, E, F and G. He said t...