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Parsvnath Planet Plaza
Others, Lucknow, Uttarpradesh
PARSVNATH DEVELOPERS LIMITED
PARSVNATH PLANET PLAZA is a premier commercial project located in the heart of Lucknow, offering a unique blend of retail and office spaces designed to cater to the modern business needs. The project spans over 4.84 acres and features a total of 21 units, including spacious shops and office spaces, ensuring ample opportunities for businesses to thrive.
The project is strategically located to provide easy access to major highways and residential areas, making it an ideal choice for both retailers and businesses. The design emphasizes open spaces and modern architecture, creating a vibrant atmosphere that attracts customers.
In terms of infrastructure, PARSVNATH PLANET PLAZA is equipped with essential facilities including a centralized sewage treatment plant (STP) for effective waste management, ensuring a clean and sustainable environment. The project also incorporates energy-efficient systems, including LED lighting and timer control panels, to promote energy conservation. Additionally, the development includes comprehensive fire safety systems to ensure the safety of all occupants.
With its prime location, modern amenities, and a focus on sustainability, PARSVNATH PLANET PLAZA is not just an investment opportunity but a testament to quality commercial development in Uttar Pradesh.
What is PARSVNATH PLANET PLAZA?
PARSVNATH PLANET PLAZA is a commercial project located in Lucknow, offering retail and office spaces designed for modern businesses.
What types of units are available?
The project features a total of 21 units, including spacious shops and office spaces.
Where is the project located?
The project is located in a village area of Lucknow, providing easy access to major highways and residential areas.
What are the nearby amenities?
The project is strategically located near major commercial hubs, residential areas, and essential services.
What infrastructure is included in the project?
The project includes a centralized sewage treatment plant (STP), energy-efficient lighting, and comprehensive fire safety systems.
Is this a good investment opportunity?
Yes, with its prime location and modern amenities, PARSVNATH PLANET PLAZA offers significant potential for businesses and investors.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall + Office Space- Commercial/Mall
- Flat Type:
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 2 2019
- Project Span: 4.84 Acres
- No of Towers:
- Total No of Units: 21
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Parsvnath Planet Plaza
- Address: Village, Lucknow, Uttar Pradesh, Uttarpradesh
- Sector: Others
- Locality: Others
- City: Lucknow, Uttarpradesh
- Builder: PARSVNATH DEVELOPERS LIMITED
RERA Authority
Uttar Pradesh Real Estate Regulatory Authority
RERA Registration Number
UPRERAPRIST64
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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
