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Wednesday, April 15, 2009

Exit option to customers of New Town Heights project, Gurgaon by DLF


DLF, one of the biggest real estate developer, has offered exit option for the customers of new town heights project Gurgaon. This move to irate customers for exit option came when company said that it will give 20% discount to it's existing and new customer for the apartments through a complex structure. The concession was given on 25th march. The discount does not allow customers to exit at future date. The marketing director of DLF said that dissatisfied customers can go for exit option. But the refunds will only be done after the retrade of property or after six months if company fails to sell the property. Around 300 buyers are planning to give exit letter for the Gurgaon project.The apartments were in the range of 45-75 lakhs. About 700 buyers have paid 42.5% of the total money and now want there money back because the company had not started the construction work at the project site. DLf is facing the similar propblem in Chennai also and is ready to return the money of the customers who have submitted the exit letters.