Frequently Asked Questions
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Prashantsagar
Sanchar Nagar Ext., Indore, Madhyapradesh
PRASHANT SAGAR BUILDERS & DEVELOPERS PRIVATE LIMITED
PRASHANTSAGAR is an ongoing residential project located in the prime area of Sanchar Nagar Ext., Indore. This project is designed to offer a blend of modern living and comfort, featuring a variety of apartments including 1 BHK, 2 BHK, and 3 BHK units. The project is strategically positioned to provide easy access to essential amenities such as schools, hospitals, and shopping centers, making it an ideal choice for families.
The project emphasizes sustainable living with features such as energy-efficient LED lighting and a comprehensive fire safety system. Residents can enjoy a range of amenities including landscaped gardens, children's play areas, and dedicated parking spaces. The project is designed to foster a community spirit while ensuring a private and serene living environment.
With a total of 96 units, PRASHANTSAGAR is set to become a sought-after address in Indore, offering excellent investment potential and a promise of quality living. The project is currently under construction, with possession expected in the third quarter of 2024.
What is PRASHANTSAGAR?
PRASHANTSAGAR is a residential project located in Sanchar Nagar Ext., Indore, offering a variety of apartments including 1 BHK, 2 BHK, and 3 BHK units.
What is the expected possession date?
The expected possession date for PRASHANTSAGAR is in Quarter 3 of 2024.
What kind of infrastructure is included in the project?
The project includes energy-efficient LED lighting and a comprehensive fire safety system to ensure resident safety and comfort.
What amenities are available at PRASHANTSAGAR?
Residents can enjoy landscaped gardens, children's play areas, and dedicated parking spaces.
How is the location of PRASHANTSAGAR?
PRASHANTSAGAR is strategically located with easy access to schools, hospitals, and shopping centers, making it convenient for families.
Is PRASHANTSAGAR a good investment?
With its prime location and quality amenities, PRASHANTSAGAR offers excellent investment potential.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 1 BHK, 2 BHK, 3 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 3 2024
- Project Span:
- No of Towers:
- Total No of Units: 96
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Prashantsagar
- Address: Indore, Sanchar Nagar Ext., Mp
- Sector: Others
- Locality: Sanchar Nagar Ext.
- City: Indore, Madhyapradesh
- Builder: PRASHANT SAGAR BUILDERS & DEVELOPERS PRIVATE LIMITED
RERA Authority
RERA Registration Number
P-IND-17-454
Project
Neighborhood
Project Video
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PRASHANT SAGAR BUILDERS & DEVELOPERS PRIVATE LIMITED
- No of Complaints: Not Available
- States (Active in): Madhya Pradesh, Madhya Pradesh (Bhopal)
Introduction
Understanding a builder's track record is essential for potential homebuyers. This blog delves into PRASHANT SAGAR BUILDERS & DEVELOPERS Private Limited, examining their legal disputes and project history to provide a clearer picture of their reliability and performance in the real estate market.
Overview of PRASHANT SAGAR BUILDERS & DEVELOPERS
PRASHANT SAGAR BUILDERS & DEVELOPERS is a construction firm active primarily in Madhya Pradesh, including Bhopal. Despite a significant presence, they have faced legal challenges, reflected in four complaints, resulting in one case win and three losses. This performance raises concerns for potential buyers aiming to invest in their properties.
Legal Case Analysis
Cases Lost
The builder has experienced losses in vital customer complaints, particularly concerning the delivery of property. In one notable case, the applicant claimed that after paying Rs. 45.00 lakhs, the builder failed to provide possession of a flat or execute a sale deed. The builder argued that the project was unregistered with RERA and deemed the complaint false. Unfortunately for them, the RERA authority dismissed this case as it was considered not maintainable. This incident highlights a critical pattern: issues surrounding project registration and possession delivery can severely impact customer trust.
Cases Won
Conversely, in the cases that the builder won, the results indicate some complexity in their operations. While the builder successfully defended against claims of non-construction and delayed possession, the outcomes often included compensation rulings against them. In one instance, the adjudicating officer mandated that the builder pay the applicant the remaining amount plus interest for mental distress due to the project delays. This situation suggests that while the builder can argue against claims of non-compliance, the failures leading to these disputes imply systemic issues in project execution or communication with clients. These outcomes hint at a pattern: while legal victories exist, they often stem from the builder's inability to fulfill … Read more
