Flat buyers allege duping by Hi-Tech Estate & Promoters

Bhubaneswar: Several investors today alleged Hi-Tech Estate and Promoters Private Limited of duping them on the pretext of providing houses.

According to sources, investors alleged that Hi-Tech Estate had collected lakhs of rupees from them in the name of providing them houses in Sunderpada area on the outskirts of the city. Though they had booked flats in 2010, the company is yet to hand over the houses to them.

“As many as 565 investors had deposited money to buy flats under the housing project. However, we have been unable to get our houses,” said depositor Rabindra Kumar Ratha.

Some others have alleged that though they have been allotted the flats, electricity connection, drinking water and sewerage facilities are still missing which makes the place difficult to live.

Protesting the issue, the depositors have demanded arrest of the directors of the company, Tirupati Panigrahy and Madhusudan Panigraphy, and have threatened to move the court.

“As per the agreement, the company authorities had promised to hand over the flats by 2012. But since the director was arrested in connection with a fraud, we could not get our houses. After returning from the jail in 2014, he had promised to hand it over within six months, but it has been four years and they are still dilly-dallying over the matter,” said another depositor.

On the other hand, the authorities of the company are yet to comment on the issue.

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