| Name of Complainant | |
| Date of Complaint | October 9, 2018 |
| Name(s) of companies complained against | Bangalore, TGS CONSTRUCTIONS PVT LIMITED |
| Category of complaint | Real Estate |
| Permanent link of complaint | Right click to copy link |
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An MOU signed between us and Managing Director of TGS Constructions Pvt limited dated 19/06/2016 for two residential plots under the scheme named Vaibhava Lakshmi vide booking form Nos 8001 and 8201. As per the MOU 50% of the two residential plot cost were paid through two cheques.
The TGS agreed to complete the development work within 14 months. Due to delay in progress of the said project, the period was to be extended by another 6 months. As per the MOU, TGS should refund the amount collected from us with interest if the project is delayed beyond 20 months. Till now ( Oct 2018) as the delay is beyond 20 months we expect TGS to return the amount paid with the interest as per the MOU. This has not happened till this day, 9 Oct2018. Hence the complaint.
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