Frequently Asked Questions
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Parsvnath City Phase-Ii
Sanwer, Indore, Madhyapradesh
PARSVNATH DEVELOPERS LIMITED
Parsvnath City Phase-II 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 choice for families and investors alike. The project spans a significant area and includes a variety of residential plots, catering to diverse needs and preferences.
The project is strategically located, providing easy access to major roads, educational institutions, healthcare facilities, and shopping centers, ensuring that residents enjoy convenience and connectivity. The development is expected to be completed by the end of 2024, making it a timely investment opportunity.
Parsvnath City Phase-II emphasizes a community-centric approach, with ample green spaces and recreational areas planned within the project. The project is designed to foster a sense of belonging among residents, while also providing a vibrant urban lifestyle. The infrastructure is designed to support a modern lifestyle, with provisions for essential services and amenities that enhance the living experience.
Investing in Parsvnath City Phase-II not only secures a valuable asset but also places you in a thriving community that values quality living and sustainable development.
What is Parsvnath City Phase-II?
Parsvnath City Phase-II is an ongoing residential project located in Sanwer, Indore, offering a variety of residential plots designed for modern living.
What is the expected possession date?
The expected possession date for the project is in Quarter 4 of 2024.
Where is the project located?
The project is located in Sanwer, a prime area of Indore, providing easy access to major roads and essential amenities.
What are the nearby facilities?
The project is close to educational institutions, healthcare facilities, and shopping centers, ensuring convenience for residents.
Is this a good investment opportunity?
Yes, investing in Parsvnath City Phase-II secures a valuable asset in a thriving community, making it a timely opportunity.
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: 170+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Parsvnath City Phase-Ii
- Address: Sanwer, Indore, Madhya Pradesh, Mp
- Sector: Others
- Locality: Sanwer
- City: Indore, Madhyapradesh
- Builder: PARSVNATH DEVELOPERS LIMITED
RERA Authority
RERA Registration Number
P-SWR-18-1575
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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
