[Resolved]  Expat Properties — investment in taloja project

I have invested in taloja project along with few other cousins which belongs to expat properties india pvt ltd. They have offered an investor offer to the customers in feb 2014. I was a part of this and have invested for 2 bedroom apartment which they had promised to deliver to us by december 2017 or after extension period of six month which should end in june 2018.
Also, it is mentioned in the contract if they do not fullfill to complete the project in given period of time they will pay us penalty of 12% interest and return the amount if given in written request along with the capital amount invested within 90 days from date of request.
But, currently when we did contact them for withdrawal of our investment, they replied us saying we do not have money and we cannot refund you the amount within 90 days. They are saying us we need 1 year to refund the amount. Also, they are insisting us to continue with the investment and still promising us to complete in further 3-4 years. The current situation of the project is they did not even get the approvals yet for the project.
Anyhow, i need to withdraw my amount. Please assist.
Was this information helpful?
No (0)
Yes (0)
Feb 14, 2019
Complaint marked as Resolved 
Expat Properties customer support has been notified about the posted complaint.
Verified Support
Jan 14, 2019
Expat Properties Customer Care's response
Hi,

At the onset, please do accept our sincerest apologies for the inconvenience caused to you.

As you might be aware our team is already working on it right now and we may get in touch with you should we require more details about your issue. We thank you for your patience and understanding.

For a quicker response time, message us on Facebook: https://www.facebook.com/ExpatProperties
Complaint comments 

Post your Comment

    I want to submit Complaint Positive Review Neutral Comment
    code
    By clicking Submit you agree to our Terms of Use
    Submit
    Expat Properties
    customer care contact
    Customer satisfaction rating Customer satisfaction rating is a complex algorithm that helps our users determine how good a company is at responding and resolving complaints by granting from 1 to 5 stars for each complaint and then ultimately combining them all for an overall score.
    Read more
    5%
    Complaints
    503
    Pending
    0
    Resolved
    26
    Expat Properties Phone
    +91 86 0500 7777
    +91 80 4911 3838
    Expat Properties Address
    2nd Floor, Sobha Pearl, No.1, Commissariat Road, Bengaluru - 560025, Karnataka, Karnataka, India
    View all Expat Properties contact information