| Address: Indore, Madhya Pradesh |
Dear Sir/Madam,
I have booked a plot no M63 of size 1540 ft2 in M sector in Parsvnath City, Indore on 28th February 2008.
Builder buyer agreement for this plot was executed on 2nd August, 2008. As per a clause of builder buyer agreement, plot has to be delivered within 24 months ( i.e 2010) from the date of signing of the agreement. The given time frame has already been elapsed and plot has not been delivered till date.And till date there is no update from builder to justify delay in possession.
This plot is on SBI home loan scheme. Due to delay in construction on plot, bank has imposed heavy rate of interest of 15%(present interest rate) against original rate of interest of 8% . I have been paying heavy interest rate to the bank over more than two years, expecting to get the plot possession very soon.
As per the applicable Parsvnath’s time linked payment plan (refer enclosure 3), I have already paid Rs. 10, 59273 (95% of the total payment of Rs.11, 15024.4) till date to the Parsvnath.
I have visited the plot site (M sector) on[protected] and didn’t find any progress.
Considering above facts, I have decided to cancel the plot. Therefore, I have requested via letter dated 31st dec 2012 to Parsvnath to cancel my booking/allotment of plot no M63, sector M from Parsvnath city, Indore and to refund the entire amount along with the interest rate .Unfotunately, I havent received any reponse from them even after sending them various reminders over email, fax,sms .
I have brough this plot to build my own house but i am very much shattered by their dormant response. You can also be approached at [protected]@yahoo.com.
I need you urgent help and advise in this matter..
Thank you in advance for anticipated help.
Regards
sachin Kushwaha
Aug 13, 2020
Complaint marked as Resolved 
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