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Parsvnath Palacia Phase-I
Others, Noida, Uttarpradesh
PARSVNATH DEVELOPERS LIMITED
Parsvnath Palacia Phase-I is a premier residential project located in the heart of Greater Noida, offering a blend of modern living and sustainable infrastructure. The project features a variety of apartments including 2 BHK and 3 BHK units, designed to cater to the needs of families seeking comfort and luxury. The project spans over 4.50 acres, providing ample space for residents to enjoy a serene environment.
The infrastructure of Parsvnath Palacia is designed with a focus on sustainability and modern living. The project includes a centralized sewage treatment plant (STP) for effective waste management, ensuring a clean and eco-friendly environment. Residents can also benefit from a solid waste management system, which includes waste segregation and disposal facilities. Water conservation is a priority, with rainwater harvesting systems integrated into the project.
Energy efficiency is achieved through the use of LED lighting and timer control panels, ensuring reduced energy consumption. The project is equipped with comprehensive fire safety systems, ensuring the safety of all residents. Additionally, the project includes community amenities such as a club with a swimming pool, parks, and landscaped areas, providing a vibrant community atmosphere.
Located in a rapidly developing area, Parsvnath Palacia offers excellent connectivity to major highways, educational institutions, and healthcare facilities, making it an ideal choice for families looking for a modern lifestyle. The project is currently under construction, with possession expected in the fourth quarter of 2021, making it a timely investment opportunity for prospective homeowners.
What is Parsvnath Palacia Phase-I?
Parsvnath Palacia Phase-I is a residential project located in Greater Noida, offering 2 BHK and 3 BHK apartments designed for modern living.
What types of apartments are available?
The project offers 2 BHK and 3 BHK apartments, catering to the needs of families seeking comfort and luxury.
What infrastructure is integrated into the project?
The project includes a centralized sewage treatment plant (STP), solid waste management systems, rainwater harvesting, and energy-efficient lighting.
What amenities are provided in Parsvnath Palacia?
The project features a club with a swimming pool, parks, and landscaped areas, promoting a vibrant community atmosphere.
How is the location of Parsvnath Palacia?
Located in Greater Noida, the project offers excellent connectivity to major highways, educational institutions, and healthcare facilities.
Is Parsvnath Palacia a good investment?
Yes, the project is located in a rapidly developing area, making it a timely investment opportunity for prospective homeowners.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 2 BHK, 3 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2021
- Project Span: 4.50 Acres
- No of Towers: 2
- Total No of Units: 500+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Parsvnath Palacia Phase-I
- Address: Greater Noida, Village/Locality/Sector Etc., Uttar Pradesh, Uttarpradesh
- Sector: Others
- Locality: Others
- City: Noida, Uttarpradesh
- Builder: PARSVNATH DEVELOPERS LIMITED
RERA Authority
Uttar Pradesh Real Estate Regulatory Authority
RERA Registration Number
UPRERAPRJ6091
Project
Neighborhood
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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
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