[Resolved] Vgn Property Developers — after signing a tripartite agreement for pre emi payments to be paid by builder, they are now backing out. how to resolve this

brajeshkhanna2000

Address:

Chennai

We booked a 3 bhk flat, have paid more than 80%.
Vgn is either incapable or have no intention of handing over
The building has only 50% work done.
The keep threatening with cancelation, unless we pay more.
They had signed a tripartite agreement for pre emi payments by vgn, now theyve backed out.
Which govt department should we approach for redressal

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Aug 9, 2021

Complaint marked as Resolved

VGN Projects Estates customer support has been notified about the posted complaint.

Verified Support

Jul 01, 2020

VGN Projects Estates Customer Care's response Dear Sir,

We would like to clarify that the particular project you have complained about is VGN COASTA, ECR. This project stage of completion is 95% and not 50%. We will handover the project by October 2020.

As far as PRE EMI is concerned we had been paying PRE EMI charges on your behalf for many months. Few months back Government and NBFC’s have withdrawn the scheme and builders are not supposed to pay PRE EMI on behalf of the Customers. Therefore your complaint is not in line with reality.

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Comments

Asokan Thangaraju

from Chennai, Tamil Nadu

VGN at stafford had promised to their customers to handover the flat within three years at Thirumullaivayil but they had taken more then 6 years for handing their project with too much delay and the customers will protest a long way to get their hard earned money was invested by them., It will not safe to invest on VGN Project since due to high maintenance and not doing proper service to their reliable customers. Last year the owner at stafford had protest on high maintenance but the builder had filed the Fogus FIR against them to resolve the issue. I will inform to inform to all who seen the email, kindly think how the builder will act after putting your hard earned money to them. It is better advise not to invest your hard earned monery to them and waste your future life...