I had bought two properties in a Pre-Launch offer. Enclosed are the details -
a) Parsvnath Privilege at Greater Noida, Sector Pi, UP
a. I paid Rs 10 lakhs in cheque (15% of the total cost) to the developer in Mar-2007 but developer only launched the property in April-May 2008.
b. I was then asked to pay remaining 10% which is Rs 3, 21, 000 which I did on 14-May-2008 and signed a Sale Deed
c. I opted for Construction linked plan for the same
From past 3 years my money is blocked . There is no update from Parsvnath neither regarding refunding me the amount nor on any progress. On a last visit to the site I saw that construction activity has been stalled from past 8 months now. There is no communication from Parsvnath whatsoever. When I talked to them last they told me that they haven't even started the the tower which I have been alloted. What can I do in such a case?
There is another property investment which I made. Following is the details -
b) Omaxe Galaxy, Sector -112, Noida, UP
a. I paid Rs 6, 00, 000 lakhs (15% of the total cost) to the developer on 15-May-2008 but till now I haven’t received a communication from Omaxe when it is going to be launched.
From past 20 months almost my money is blocked . There is no update from Omaxe and neither is a sale deed done. When I checked with few Marketing guys each one was telling a different version with some telling Omaxe has not even got a go ahead from Noida authority and so on.
I have a copy of the check which I signed and gave it to them. Also I have a letter in Omaxe letter head that they have received the amount also. I got one communication from Omaxe asking for rest (10% of the money) before they could enter into Sale Agreement. Since there is a conflicting reports from Omaxe I donot want to pay the money. Let me know what can I do in such case.
Aug 13, 2020
Complaint marked as Resolved
Looks like Consumer Forum is the only option left.
They have no update on when the construction we restart and when I ask for the refund they show me the clause no.5 wherein, the buyer on cancellation, will have to forfeit 10% of the total value of the flat.
Kharbanda is such a rude person, he has been telling me for the past 1.5 years that the construction will start soon.
I am sick of their attitude. Anyone can help how to take legal action against this company. They are short of funds and do not foresee that they will start this project soon.
I have a similar issue and have money stuck at Parsvnath Privillege. Would be happy to join the bandwagon to get the money back.
My email id is [protected]@gmail.com.
Cheers
i also have similar issue and money stuck with parsvnath privilege project for last 2 years about 20 lakhs,
now losing patience as all other projects are in progress but no movement on parsvnath site, wish if everyone
can unite and do something
thanks
kuldeep singh
[protected]
Please update me on the association. We should not be taking it lying down. Its our hard earned moiney for god sake.
I have invested in Parsvnath Privilege - Greater NOIDA Project in PreLaunch in 2006...The project was launched in 2007 and they took booking amount equivalent to 25% of total project costs...
After that nothing has happened in last 3 years and they have never came back with any demand or construction progress so far...I visited the site 8 months back and there was no construction activity there...
I contacted them several times over phone/e-mails but no sastisfactory response...Visited to them in their CP office in January 2010 and put a application for refund of money but no answer so far...
Let me know if someone is interested in joining the forum against them and discuss the further course of action...
Regards,
Maneesh Gupta
[protected]@yahoo.com
Lets form a forum and not allow these buggers to enjoy our hard earned money.
Manish Verma
[protected]
Delhi
I am keen to know if there is any improvent or start of construction in above mentioned projects like Parsvnath Privilege. I understand the company is now improving their financial position and is starting to close projects like theyr have now part completed Parsvnath Exotica in Gurgaon.
Cheers
gs
Look at the quality of construction of exotica, do you really feel its worth the cost paid by people