Not refunding money - fraud

Wed, 18 May 2016 - REAL ESTATE - Tamil Nadu
Daksh person
Tamil Nadu State
REAL ESTATE Industry
MARG PROPERTIES Company
Credit Dispute dispute
Refund claim
Complaint Details

I booked a flat at Marg Swarnabhoomi(SEZ) (http://www.margswarnabhoomi.com/)situated in ECR in 2011. The project is by Marg properties(www.margproperties.com). I booked a 758 sq.ft flat in Maha Utsav, one of their residential projects. 

Due to issues in getting approval and also due to lack of funds few residential projects(Maha Utsav, Aayush and Four Seasons) were first stopped and later completely dropped. The flat booked on !9th AUgust 2011 was a 758 sq.ft flat in Maha Utsav, one of their residential projects.

After the cancellation of the project, the company made fake promises of returning money asap but failed to do so.

 

In reference to the agreement, the total value of the flat including covered car parking was Rs.14, 18, 850/-

Out of which I've paid 42.621%, i.e, Rs. 6, 04, 733/-

The split up of the payment is as follows:

I. Booking Advance: 50000

II. 15% :151578

III. 10% :134385

IV. 20% :268770

Total :6, 04, 733

 

For requesting refund I went to their office at Kottivakkam, OMR which is far away from my home. The staffs are all irresponsible and the only reply was that they don't have money to return. 

 

Later they once again made a fake promise of compensating with a land equating the amount we paid but fortunately, I learnt that the land is neither DTCP or CMDA approved, added to that the real sq.ft rate was much lower than what they claimed.

 

I sincerely request National Consumer Helpline to resolve this issue and help in getting back my money with interest. 

 

Fraud Company!

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