Temple Rose Real Estate Reviews & Complaints

Reported By: Cressida

Contact information: Temple Rose Real Estate

We have invested in two projects of Temple Rose Real Estate Pvt. Ltd., namely Rose Serene City in 2013 and Rose Pearl City in 2014 on buy back policies and we were issued PDC cheques on quarterly basis till 2017 and 2018 respectively. Until September 2015 the cheques were being honoured. After that cheques were getting bounced for lack of funds, but they paid thru NEFTS . From January 2016 they have stopped paying cheques due in January 2016 and onwards. They sent a request letter saying that cheques would be paid by March 2016. But nothing has happened.
PDC’s due in January and March 2016 were deposited in the bank but bounced due to insufficient funds.

We feel we have no other option but to take recourse to legal action against the Company, as cheques are valid till 2017 and 2018.
Anthp