DLF offers exit option to protesting buyers in Gurgaon
DLF, the countrys biggest real estate developer, has offered an exit option to its customers of the New Town Height sproject, Gurgaon, as protests mount.
The move to offer irate customers an exit option comes a few days after the company announced a 20 per cent discount on the apartments for both existing as well as new customers, through a complex structure. The discount, however, did not allow customers to exit at a future date. The concessions were offered on March 25.
According to an e-mail by Valsala, executive director (marketing): Unhappy customers of the project can exercise exit option. However, refunds to the members would be available only after DLF is able to retrade the property, or earliest by six months, if the company fails to sell the property, the company informed the customers.
More : business-standard.com