Parsvnath Developers — Plot possession delay

Address:New Delhi, Delhi, 110091
Website:www.parsvnath.com

I booked a plot in parsvnath city- indore project by paying initial payment of 115000/- on 03 may 2007. The buyer agreement was signed on 16 feb 2008 and paid additional amount of rs.229817 by that time. Hence total amount 344817/- were paid on signing of buyer agreement date which is equal to 45% of plot cost. In next every two month i paid three installment of rs.76626/- i.E. Rs.229878/-. Hence they collected 75% plot amount within 6 months of buyer agreement signed.At the time of installment 7, i asked for the project status, there was no response...Meanwhile developer raised installment 8 along with interest @24% for delayed payment despite of no project status update. However, i paid both the installments on 20 may 2009 and paid 95% plot payment. As per agreement i was supposed to get plot possession by 15 feb 2010. However, i got a shock of the life when i got to know vide their letter dated 22.3.2010 that the project could not start as they got the final approval for land development on 23.2.2010 from competent authority. I seek reply from parsvnath developers on the following points :
1.If co. Had no permission for land development why they demanded money from me.
2.How company can collect 95% amount before getting land development approvals and where the amount was used?
3.Why company did not updated me about delayed project status until they received payment 95% from me.
4.Why company did not take any initiative to refund money to me as they were not able to deliver the project?
5.Why company sent me demand letter with interest 24% for delayed payment even though they did not have permission for land development and harassed me?
6. Why company is not able to update about the project status about land development, plot possession date, expected project completion status, no dues status from competent authorities till today?
7. What was the purpose of cash collected from me and where is was used if till date the developer is not able to develop the project i.E. After the lapse of almost 9 years from my initial booking amount?
I requested developer to refund my hard earned money along with 24% interest as it seems like a time barred case now as the developer has no interest to deliver the project and requested them to do so by emails ( 10 reminders sent)and registered a.D. Letters but there is no response from them on refund.Please understand a buyer can never wait for so long (107 months) for a plot which was to be developed within 24 months.
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    Parsvnath Developers Phone
    +91 11 4368 4800
    +91 11 4368 6600
    Parsvnath Developers Address
    6th Floor, Arunachal Building 19, Barakhamba Road, New Delhi, Delhi, India - 110001
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