Parsvnath Developers — Possession of parsvnath exotica - ghaziabad

We recently (15 days back or so) had planned for a meeting with Parsvnath officials by few members who had approached me for the same. We fixed up a date & time to reach the Parsvnath office in Shahdara but except me no body else reached and no communication sent by other for not reaching there.

However, since I had reached there I decided to go ahead with the meeting with Parsvnath. As per my meeting with the Project In-charge (Parsvnath Exotica - Ghazaabad), I have been informed that they have sold 3 additional floors for the towers C1, B4, B5, C2 & A1 i.e. they have official permission for 9 floors only but they sold 12 floors in each of the towers. But after building the structure up to 9 floors in these towers, they stopped due to the lack of the permission for 3 additional floors which they have not received till date and are still not very sure whether they will receive it or not in the near future.

For blocks D1-D5, as per the project incharge, there are no issues in terms of the permissions and they have carried out the work till date as per the sanctions. But the work has stopped in these blocks as well due to stoppage of work for the first 5 towers as mentioned above. The contractor was common for the D1-D5 towers as well who stopped work due to the issues with first 5 towers.

However, the Project Incharge has shown a glimpse of hope by citing a recent meeting (January 16, 2016) which was held by them internally and decided (verbal & internal to them as no public release of the same) that they are likely to resume work for the first 10 towers as mentioned above by end of March 2016. I have been asked to take a status update by March 20th 2016 or so from him on their progress to start the work for these towers. Though I am hopeful but going by their past record it does not seem digestible. I feel since we have waited for so long we can wait for another month or so to know their true intent to start the work.

For the towers in E Block, according to him, there are serious issues and Parsvnath is not sure sure if the work will start in the next 2-3 years also till they rework the building plan with Ghaziabad authorities.

My sincere request to all the members of towers C1, C2, B4, B5 & A1 and D1-D5 to reach out individually or collectively to Parsvnath officials in their Shahadara office in the next few days as per your own convenience and mount pressure on them to resume teh work for these towers in line with the information shared by the Project - Incharge to me otherwise we will continue being stranded, the way we are today.

Thanks

[protected]@gmail.com

Requesting all investors in Parsvnath Exotica Ghaziabad to come together fast. Let us build an association and make a strong representation to Parsvnath & CREDAI and other relevant authorities to save our investments.

It seems Parsvnath group does not have any intentions to take the project to the next level and we cannot trust them any further.

I can be reached on [protected] or [protected]@gmail.com.

I have been writing to Parsvnath for the update on the resumption of work at Parsvnath Exotica Ghaziabad for he past one month regularly but they are not responding to any of my mails.

Also since the time I have started writing mails to them, Mr. Madan Dogra - Project Incharge has stopped taking my phone calls. Earlier he used to pick up the calls & at least respond.

They are demonstrating their true class of being a mafia which they are projecting themselves to be.

if any body has any latest information on the state of affairs, please do share.

[protected]@gmail.com / [protected]

Parsvnath builders is not going to hand over possession. there projects are at the stage where it will take another 10 years to complete. my advise is to file a complaint a get your heard earned money back with interest.
Nikhil Singh
Advocate
Supreme Court of India
(M)[protected]