[Resolved]  SNG Vardhman Technobuild Private Limited — Delay in delivery of possession / stop payment of assured return cheques

Address: Gautam Buddha Nagar, Uttar Pradesh

I along with my wife invested in Commercial Space no. 30 2nd Floor, Vardhman SNG Plaza, Pari Chowk, Greater Noida launched by above said company having regd. Office at-

112, Indraprakash Building,
21, Barakhamba Road,
New Delhi-110001.

Under ‘Assured Return’ scheme @ 12%. As per clause no. 1.9 of the Builder Buyer Agreement dt 12th April 2011, the company had undertaken to complete the construction of the unit in question on or before April’2011 in all respects and to render the unit fit for occupation and possession by the said period. Inspite of the fact that the installments due have been paid by me punctually except the payment to be made at the time of handing over the possession, the construction has not so far been completed. I came to know informally that there are some approval issues relating to parking etc.

Apart from this, it has stopped to pay assured return cheque from Jan, 13 onward. There is short payments also in past also to the tune of Rs. 53 910/-.

My submission is that there should be some regulation on ‘Assured Return’ because such type of companies are attracting investors under ‘Assured return’ inspite of incomplete approval and proper construction plan. These companies are cheating to the investor like Chit Fund or similar scheme.

I request you to kindly take action against this company to get back my hard money.

Regards,

Sunil Kumar Gupta
M -[protected]
Was this information helpful?
No (0)
Yes (0)
Aug 14, 2020
Complaint marked as Resolved 
 
2 Comments

Comments

recent stratragy developers ltd — no proper delivery

sir our complaint is this no one respondig us in your branchs everybody gave us new phone no to ask our quary.when we call in delhi h.o. they give another no. of office 1st we tell our problam to delhi h.o. and after that we tell our problam to another office.how is it possibble in working time, our company is your regular customar, is it good for regular customar. our another office agra send us courier to delhi as on dated 13/6/09 but till date not received docket no. is[protected]. tell me what we deal with u in this condition.
Thanks to the management, they are resolving this and giving positive repose.

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit

    Contact Information

    SNG Vardhman Technobuild Private Limited
    Uttar Pradesh
    India
    File a Complaint

    New Member Registration

    The following information is hidden from other customers and is only visible to representatives of the company you are complaining about. This step is optional and can be skipped below.

    New Member Registration

    Already a Consumer Complaints member? Log in now
    •            
      or

    New Member Registration

    A confirmation email was sent to "".
    To confirm your account, please click the link in the message.

    If you don't see the email in your Inbox, please check your Spam box.

    User Login

    Not a member of Consumer Complaints? Register now.
    •            
      or
    Loading, please wait...


    Your password has been sent to the specified email address. Log in

    User Facebook Login

    GDPR