VGN Real Estate Developers Reviews & Complaints

Reported By: Ramprasad Anbazhagan

Contact information:
VGN Real Estate Developers

I had booked a two single bedroom flats with VGN temple town in Feb 2014. During the purchase VGN had a deal that they will pay the pre-emi and also issued a offer that there is a buyback program and customers can sell the property whenever they want at market price during return time. The pre-emi scheme was working well until Mar 2015 where there were some delays in payment which were rectified in a couple of days or week. However the past few months the payment from builder was delayed over 3 weeks and for August 2015 there are yet to pay the pre-emi. As a middle class person i could accommodate the payment for couple of weeks and this is getting worse every month. Secondly as mentioned earlier VGN promised for a buyback but now they have mentioned due to market conditions we cant take the buyback. I wanted to return the property due to my financial instability however the builders were just repeating the same dialogues. If the company closes the options it has do it for the new purchases not for the one who they had agreed. The escalation manager now gives me an option to cancel the booking and get the money back with cancellation charges. This is highly unacceptable to ask the customer to bare the cost when in an ideal sitaution VGN must pay back more to the customer and again VGN will sell the property at the current price not the price at which they sold it to me. I hope such reputed company should not cheat its customers like this. wish VGN pays the pre-emi for August and September and take my property under buyback and not cancellation