Frequently Asked Questions
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The Parsvnath 27
Connaught Place, Delhi, Delhi
PARSVNATH DEVELOPERS LIMITED
The Parsvnath 27 is a premier commercial project located on K. G. Marg in the heart of New Delhi. This project is designed to cater to the needs of modern businesses, offering a blend of retail and office spaces in a vibrant environment. With a total area of 2.45 acres, the project features a well-planned layout that includes spacious retail units and well-equipped office spaces, making it an ideal location for businesses looking to thrive in a bustling metropolitan area.
The project emphasizes modern infrastructure and sustainability, ensuring a comfortable working environment for all occupants. Key features include:
- **Centralized Sewage Treatment Plant (STP)** for effective waste management.
- **Solid Waste Management** systems that include waste segregation areas and Organic Waste Converters (OWC) for eco-friendly waste disposal.
- **Rainwater Harvesting** systems to promote water conservation and reduce the project's carbon footprint.
- **Energy Management** solutions that incorporate LED lighting and timer control panels to enhance energy efficiency.
- **Comprehensive Fire Safety Systems** to ensure the safety of all occupants.
Located in Connaught Place, one of the most sought-after commercial hubs in New Delhi, The Parsvnath 27 offers excellent connectivity to major roads and public transport, making it accessible for both employees and customers. The project is surrounded by key landmarks, including shopping centers, restaurants, and hotels, providing a convenient lifestyle for businesses and residents alike.
Investing in The Parsvnath 27 not only promises a lucrative business opportunity but also a commitment to sustainable development and modern living.
What is The Parsvnath 27?
The Parsvnath 27 is a commercial project located on K. G. Marg in New Delhi, offering a mix of retail and office spaces designed for modern businesses.
What types of units are available?
The project features retail units and office spaces, catering to various business needs.
What infrastructure is integrated into the project?
The project includes a centralized sewage treatment plant, solid waste management systems, rainwater harvesting, energy management solutions, and comprehensive fire safety systems.
Where is The Parsvnath 27 located?
The project is located in Connaught Place, a prime commercial area in New Delhi, with excellent connectivity to major roads and public transport.
What amenities are nearby?
The project is surrounded by shopping centers, restaurants, and hotels, providing convenience for businesses and residents.
Is The Parsvnath 27 a good investment?
Yes, investing in The Parsvnath 27 offers a lucrative business opportunity in a prime location, with a focus on modern infrastructure and sustainability.
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 4 2019
- Project Span: 2.45 Acres
- No of Towers:
- Total No of Units: 100+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: The Parsvnath 27
- Address: Connaught Place, K. G. Marg, New Delhi, Delhi
- Sector: K. G. Marg
- Locality: Connaught Place
- City: Delhi, Delhi
- Builder: PARSVNATH DEVELOPERS LIMITED
RERA Authority
Delhi Real Estate Regulatory Authority
RERA Registration Number
DLRERA2018P0012
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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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