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Country Club Condos / false assurances of rent back scheme

1 India

There was a country club ad in TOI a month ago regarding condos at coconut groove near tumkur, stating that one can own a condos for 10 lac rupees & also there would be a rent back scheme. On calling, a representative came the same day & made many assurances such as an assured rent of rs15ooo per month.he also committed that the club would give the same in writing on a stamp paper.The club also assured to refund the initial deposit of rs1lac with interest if they fail to stick to their commitments. After collecting an initial payment of rs1lac, the club is now denying an assured rent option & have also added maintenance cost of rs9000 per month.

After this shocking news we decided to clean hands from this venture & asked for refund. Ever since, the club representatives are avoiding phone calls.


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