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Parsvnath Privilege Phase-1
Others, Noida, Uttarpradesh
PARSVNATH DEVELOPERS LIMITED
PARSVNATH PRIVILEGE PHASE-1 is a premier residential project located in the serene surroundings of Greater Noida. This project offers a blend of modern living and traditional values, making it an ideal choice for families seeking a peaceful yet connected lifestyle. The project features a variety of apartments, including 2 BHK and 3 BHK units, designed with contemporary aesthetics and functionality in mind.
The project is spread over a significant area, providing ample space for residents to enjoy outdoor activities. The apartments are equipped with modern amenities, ensuring comfort and convenience. The development emphasizes sustainability with features such as rainwater harvesting systems and energy-efficient lighting.
Strategically located, PARSVNATH PRIVILEGE PHASE-1 offers excellent connectivity to major highways, educational institutions, and healthcare facilities, making it a prime investment opportunity. The project is designed to provide a safe and secure environment for its residents, with comprehensive fire safety systems in place.
Residents can enjoy a range of amenities, including a clubhouse, swimming pool, and landscaped gardens, promoting a healthy and active lifestyle. The project is also committed to waste management and energy conservation, ensuring a sustainable living environment.
What is PARSVNATH PRIVILEGE PHASE-1?
PARSVNATH PRIVILEGE PHASE-1 is a residential project located in Greater Noida, offering 2 BHK and 3 BHK apartments designed for modern living.
What amenities are available in the project?
The project features a clubhouse, swimming pool, landscaped gardens, and modern infrastructure for residents.
What sustainability features are included in the project?
The project incorporates rainwater harvesting systems and energy-efficient lighting to promote sustainable living.
How is the connectivity of the project?
PARSVNATH PRIVILEGE PHASE-1 is strategically located with excellent connectivity to major highways and is close to educational institutions and healthcare facilities.
Is this project a good investment opportunity?
Yes, the project is located in a growing area of Greater Noida, making it a prime investment opportunity for homebuyers.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 2 BHK, 3 BHK
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 1 2019
- Project Span: 22424 Sq.Mt
- No of Towers:
- Total No of Units: 1000+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Parsvnath Privilege Phase-1
- 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
UPRERAPRIGO6D
Project
Neighborhood
Project Video
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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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