Took more than 20% advance money as booking amount, on requesting for an agreement flatly refused and told that no agreement can be made now and forced us to make an MOU.
In the mean time, we got the loan sanctioned from our national bank but the bank refused to give money to this project as Transcon Team couldn\'t\\\'t furnish all paperwork that Bank asked for, then the builder tried to force upon us NBFC to get a loan which was risky and terms not favourable.
We immediately cancelled the booking and asked for a refund they said when we will sell you booked apartment then only we will return your money after deducting service tax. Where as the project completion date is 2021 (Earlier while booking they said its DEC 2018).
Its more than a year no sign of refund of money, wrote letters but they don\\\'t reply don’t meet or respond to calls.They even threatened to deduct 10% amount if we pursued them, which legally can’t be deducted as there were no cancellation terms agreed upon buyer and seller.
They take big names who have bought an apartment in their project and try to dazzle the buyers with show flats but in truth, they are Goons of first order and cheaters.
Please read this article.