Frequently Asked Questions
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Prem City
Panagar, Jabalpur, Madhyapradesh
ASHOKA DEVELOPERS
PREM CITY is an ongoing residential project located in the serene locality of Panagar, Jabalpur. This project is designed to offer a harmonious blend of modern living and natural beauty, making it an ideal choice for families seeking a peaceful yet connected lifestyle. The project spans a significant area, providing ample space for residential plots that cater to diverse needs.
The project is strategically located, ensuring easy access to essential amenities such as schools, hospitals, and shopping centers. Residents will enjoy the benefits of living in a well-planned community with green spaces and recreational areas, promoting a healthy lifestyle.
PREM CITY is developed by ASHOKA DEVELOPERS, a partnership firm committed to quality and customer satisfaction. The project is registered with the Real Estate Regulatory Authority, Madhya Pradesh, ensuring transparency and accountability.
Investing in PREM CITY not only secures a valuable asset but also promises a future in a thriving community. With its prime location and thoughtful design, this project is poised to appreciate in value over time, making it a sound investment for homebuyers and investors alike.
What is PREM CITY?
PREM CITY is an ongoing residential project located in Panagar, Jabalpur, offering residential plots designed for modern living.
Who is the developer?
The project is developed by ASHOKA DEVELOPERS, a partnership firm committed to quality and customer satisfaction.
What are the nearby amenities?
The project is strategically located near schools, hospitals, and shopping centers, ensuring convenience for residents.
How is the connectivity?
PREM CITY enjoys excellent connectivity to major roads, making it easy to access various parts of the city.
Is PREM CITY a good investment?
Yes, with its prime location and thoughtful design, PREM CITY is poised to appreciate in value over time, making it a sound investment.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2018
- Project Span:
- No of Towers:
- Total No of Units: 122+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Prem City
- Address: Panagar, Jabalpur, Madhya Pradesh, Mp
- Sector: Others
- Locality: Panagar
- City: Jabalpur, Madhyapradesh
- Builder: ASHOKA DEVELOPERS
RERA Authority
RERA Registration Number
P-OTH-17-1437
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ASHOKA DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Maharashtra
Introduction
In the competitive world of real estate, choosing a builder is a pivotal decision for any property buyer. Understanding a builder's track record in completing projects and their legal history can provide valuable insights into the risks and rewards involved in such investments. One builder worth examining is ASHOKA DEVELOPERS, which has a significant legal history that can impact potential buyers.
Overview of ASHOKA DEVELOPERS
Established in Maharashtra, ASHOKA DEVELOPERS has been involved in multiple legal disputes, with a total of 49 complaints filed against them. Over time, they have won 12 of these cases but unfortunately lost 37, indicating a challenging legal landscape for the builder.
Legal Case Summary
- Total Complaints: 49
- Cases Won: 12
- Cases Lost: 37
Analyzing the Builder's Legal History
To give potential buyers a comprehensive understanding of ASHOKA DEVELOPERS, we will analyze both the cases they have lost and won, identifying any discernible patterns.
Patterns in Lost Cases
A deep dive into the cases lost by ASHOKA DEVELOPERS reveals some common factors:
- Non-Compliance Issues: A significant number of the lost cases, totaling 35, were dismissed due to the builder's non-compliance with RERA’s pre-deposit requirements. This pattern suggests a failure to adhere to the regulatory expectations that could jeopardize appeals and legal standing.
- Delay in Possession: Some cases revolve around delays in handing over possession of flats, where ASHOKA DEVELOPERS failed to meet the timelines due to claims of unforeseen circumstances. The tribunals consistently ruled against the builder, possibly indicating that the reasons provided were not substantial enough to warrant exemptions.
- Rejection of Waivers: Multiple cases included requests for waivers of pre-deposit; however, the tribunal consistently ruled that the builder must adhere to the pre-deposit rules in RERA, leading to the dismissal of appeals.
Success Factors in Won Cases
On the other hand, the cases where ASHOKA DEVELOPERS emerged victorious show distinct characteristics:
- Successful Withdrawal Requests: Two cases won by the builder … Read more
