Dr. Nowhera Shaik has been endeavouring to pay investors back and finally after the order of Hon’ble Supreme Court of India, Heera Group has identified prime properties in Hyderabad. Heera Group communicated with the SFIO and Income Tax (Valuation) department about the properties. On 05th August at 11:00 am, Nowhera Shaik accompanied the Income Tax (valuation) department and SFIO and inspected the Heera Group properties at Shaikpet, Mandal and Tolichowki, Hyderabad. The above-mentioned properties which Nowhera Shaik has handed over to the agency are worth Rs 900 crore. These are the genuine properties of Heera Group and they handed them over to the agency for valuation. However the genuine liability calculated by the SFIO is not more than Rs 30 crore.
The Hon’ble Supreme Court of India has identified 87 properties which Heera Group can sell and repay the genuine investors.
The Hon’ble Supreme Court of India has identified 87 properties which Heera Group can sell and repay the genuine investors but one of prime properties is enough to clear all the claims. Thirty five square yards will be enough to pay investors back but if needed Heera Group can produce more prime properties spread over about 1 lakh square yards. As per the order of Hon’ble Apex Court of India, Heera Group has complete freedom to sell any of 87 properties and they chose Toli Chowki, Shaikpet and Mandal. These are the best properties to sell and payout the investors. Everything is happening under the observation of SFIO and Hon’ble Supreme Court of India found all 87 properties transparent. Nowhera Shaik assured everyone to give full support and cooperation regarding the investigation. She has won the hearts of millions of people through her gesture.