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Parsvnath City Phase 1
Sanwer, Indore, Madhyapradesh
PARSVNATH DEVELOPERS LIMITED
Parsvnath City Phase 1 is an ongoing residential project located in the prime area of Sanwer, Indore. This project is designed to offer a blend of modern living and sustainable infrastructure, making it an ideal investment for homebuyers. The project spans a significant area and includes a total of 184 residential plots, catering to diverse needs. The plots are available in various types, including B, C, and D categories, ensuring a wide range of options for buyers.
The project is strategically located, providing easy access to major roads and essential amenities such as schools, hospitals, and shopping centers. Residents will enjoy the convenience of urban living while being surrounded by green spaces and a serene environment.
Parsvnath City Phase 1 is developed by Parsvnath Developers Limited, a renowned name in the real estate sector, ensuring quality construction and timely delivery. The project is registered with the Madhya Pradesh Real Estate Regulatory Authority, providing buyers with the necessary protection and assurance.
Investing in Parsvnath City Phase 1 not only offers a chance to own a piece of prime real estate but also contributes to the development of a vibrant community in Indore. With its promising location and the reputation of the developer, this project is poised for future appreciation, making it a lucrative opportunity for both homebuyers and investors.
What is Parsvnath City Phase 1?
Parsvnath City Phase 1 is an ongoing residential project located in Sanwer, Indore, offering a total of 184 residential plots in various types.
Who is the developer of the project?
The project is developed by Parsvnath Developers Limited, a well-established name in the real estate sector.
Where is the project located?
The project is located in Sanwer, Indore, providing easy access to major roads and essential amenities.
What are the nearby facilities?
Nearby facilities include schools, hospitals, shopping centers, and recreational areas.
Is this project a good investment?
Yes, with its prime location and the reputation of the developer, Parsvnath City Phase 1 is poised for future appreciation, making it a lucrative opportunity for both homebuyers and investors.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2024
- Project Span:
- No of Towers:
- Total No of Units: 184+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Parsvnath City Phase 1
- Address: Sanwer, Indore, Madhya Pradesh, Mp
- Sector: Others
- Locality: Sanwer
- City: Indore, Madhyapradesh
- Builder: PARSVNATH DEVELOPERS LIMITED
RERA Authority
RERA Registration Number
P-SWR-17-1021
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PARSVNATH DEVELOPERS LIMITED
- No of Complaints: Not Available
- States (Active in): Delhi, Haryana, Madhya Pradesh, National Capital Territory Of Delhi, Nct Of Delhi, Nct Of Delhi & Ut Of Chandigarh, Punjab, Rajasthan, Uttar Pradesh
Introduction
Parsvnath Developers Limited is a notable player in the real estate sector of India, operating primarily in states like Uttar Pradesh, Delhi, Haryana, Rajasthan, and Punjab. However, their legal journey has been turbulent, as highlighted by the high number of complaints and the outcomes of legal cases against them. In this blog, we'll delve into the patterns observed in their legal battles and offer insights for potential buyers.
Complaint Overview
- Total Complaints Filed: 1953
- Cases Won: 134
- Cases Lost: 1819
Patterns in Lost Cases
The overwhelming number of cases lost by Parsvnath Developers Limited signifies potential issues in their operational practices. Here are some common themes identified:
- Non-Compliance with Regulations: Many cases were dismissed or lost due to the builder's failure to comply with statutory obligations under the Real Estate (Regulation and Development) Act. For example, multiple appeals were dismissed because of non-compliance with required legal provisions, particularly regarding documentation and the timely furnishing of progress reports.
- Delayed Possession and Project Completion: A significant proportion of complaints revolve around delayed possession and the non-completion of projects. Customers consistently sought refunds and compensation for delays that extended beyond the agreed-upon timeline.
- Failure to Honor Financial Obligations: Many cases addressed issues related to the non-payment of assured returns and refunds. Complaints frequently outlined that despite substantial payments made by customers, the builder failed to fulfill obligations such as returning deposits or providing possession.
- Poor Communication and Customer Service: Complainants often cited a lack of communication regarding project statuses and delays, leading to a breakdown of trust.
Patterns in Won Cases
In contrast, the limited number of cases won by Parsvnath Developers Limited suggest instances where:
- Compliance and Documentation were Adequate: In cases where the builder successfully defended their position, it was often found that proper documentation and compliance with purchase agreements were in place.
- Delivered Projects in Good Faith: Some decisions favored the builder when it … Read more
