PARSVNATH REALCON PRIVATE LIMITED

Introduction

In the competitive world of real estate, builders often face legal challenges from buyers and other stakeholders. Parsvnath Realcon Private Limited is no exception, having dealt with multiple complaints and legal cases over the years. This article will delve into the builder's legal history, assessing their performance in various cases, identifying patterns, and offering valuable insights for potential buyers.

Overview of Parsvnath Realcon Private Limited

Parsvnath Realcon Private Limited operates primarily in Delhi, NCT of Delhi, and the UT of Chandigarh. With six documented legal complaints, the builder has managed to win three and lose three of these cases, indicating a mixed record that reflects varying circumstances.

Breakdown of Legal Cases

Cases Lost

1. Case of Refund Claim: A complainant sought a refund of a substantial amount, claiming to have paid Rs. 1,99,16,105/-. The builder's defense, which hinged on the complainant’s association with a resident welfare group, was deemed inadequate. …

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Analysis of the cases filed against Parsvnath Realcon Private Limited, where the builder lost, reveals several key themes and key takeaways across the disputes. The cases primarily revolve around delayed possession claims and project completion delays, highlighting significant concerns from buyers regarding the builder's ability to deliver properties on time.

The first type of cases involves Delayed Possession Claims. In these cases, buyers sought refunds due to significant delays in the possession of their flats. For instance, in the case of the project Parsvnath Paramount, the complainant sought a refund of Rs. 94,54,704/- with interest. The builder consistently attributed these delays to issues stemming from dealings with government agencies, but this defense did not stand in court.

Another recurring theme is Project Completion Delays. This often overlaps with delayed possession claims, as buyers expect timely completion of projects to ensure timely possession. The builder's inability to meet project …

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An analysis of the cases filed by the builder, Parsvnath Realcon Private Limited, which it won, revealed the following information. The cases can be categorized into a few common themes. The first theme concerns 'Deposit Issues,' where the builder faced disputes primarily related to the inability of the other party to deposit the statutory amount. The second theme revolves around 'Possession Claims,' highlighting difficulties related to the transfer of property possession and the conflicting interests of the parties involved. Lastly, 'Contractual Disputes' is prevalent, characterized by disagreements over contractual terms and conditions, where one party claims the other has failed to abide by laid out agreements.

In examining the reasons Parsvnath Realcon brought these cases to court, it becomes clear that they frequently contested penalties imposed due to alleged delays or other lapses, often disputing claims that the delays were attributed to their own shortcomings. Additionally, the builder fought against …

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An analysis of the cases filed against the builder, Parsvnath Realcon Private Limited, which the builder won, revealed the following information. These cases can be grouped into several recurring themes that reflect the primary disputes encountered by the builder. The key areas of contention include Refund Claims, Membership and Association Disputes, and Settlement Agreements.

The cases spotlight a range of claims made by buyers, who often seek substantial refunds and express frustrations regarding payments made but not materializing into expected outcomes. Specifically, in one case, the appellant claimed to have paid approximately Rs. 1.99 crore and sought both the refund of this amount and interest thereon. The builder successfully argued that the complaint was barred due to the appellant's membership in a Resident Welfare Association, highlighting complications regarding representation and responsibility.

The reasons for these legal disputes predominantly revolve around contesting refund claims, dissatisfaction with project timelines, …

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