Fake Parsvnath Developers Court Case: Beware Of False Posts On Web by Competitors

Parsvnath Developers have gained high reputation in this industry. This developer is among the list of most favourable developers in India for the residential and commercial projects. However, due to high competition in the industry, the company is facing some issues due to the conspiracy from the close rivals. Parsvnath court case is not based on the real ground and is a conspiracy from the rivals to destroy the huge customer base. Most of the complaints include the delay in handling the possession and other issues. However, despite being in the debt of Rs. 400 crore, Parsvnath Developers have given words to the Supreme Court to provide the quick possession to the owners within the tenure of a year.

So far it is noticed, that there are posts and news on the web that there are cases filed in the court against the developer and destroying their reputation. The main intention of these cases is to reduce the trust of the investors in this developer. However, if we notice the history of the developer, this has remained among the top developers who keep the promise and provide quality and affordable commercial and residential flats to consumers. The company also cleared that it will provide the possession within time and will work for the interest of the customers.

The Parsvnath Developers case was filed to hamper the overall reputation and lower the marks in the industry. Over the internet, the reputation of the company is tried to be hampered, but based on the no root for the truth. So far, the company has also filed the facts and denied the allegation. Further, it has also assured that it will work for the interest of the investors and will make effort to provide the flats within the speculated time in all its projects.

As it is a rumour that is spread over the internet about the court case for the Parsvnath, investors need to be aware of what is the actual truth. Parsvnath is a high reputed developer in the construction industry who cares for the investors and provides flats and commercial space at an affordable rate. This is listed among the top real estate developers of India and is known for the quality construction. So, investors should make a proper research and do not get influenced by the fake scam news or the court case over the internet against Parsvnath Developers.

Read The Fake Parsvnath Developers Complaints

Review By Ankita Sharma: I and my husband reside in Parsvnath Exotica since last 2 years on rent. What do you call my house? A dream home certainly! My house is equipped with all kind of modern amenities and endorses a beautiful architecture that makes it stand out amongst other buildings in the locality. Parsvnath Exotica is located in the prime locations of Gurgaon and it is a complete delight to stay in. I’m surprised by reading Parsvnath Developers complaints and it really saddens me to see such a prestigious company being drawn down due to these rumours. I am sure I will not find such a beautiful house and so I and my husband plan to buy the same property in the span of next one and half year. Please don’t believe in false parsvnath complaints and rumours check yourself I am sure you will find the house property belonging to Parsvnath Developers very enchanting!

Parsvnath Developers Committed To Deliver All Projects in 1-2 Years

Parsvnath Developers is one of the biggest names in the real estate business with a lot of successful projects in its kitty. The company has been flourishing and has been operating smoothly without any complaints for a very long time however the company had to face the little problem when it had to deal with a lawsuit regarding the Parsvnath Exotica project. Parsvnath Developers posted a somewhat fragile arrangement of Q2 numbers. In a meeting with CNBC-TV18, Pradeep Jain, Chairman of the company bantered the Q2 execution and gave his position for the company’s future. In this case approximately 70 investors sued the company along with a legal counsellor.

This caused a huge back set to the company’s goodwill and the company had to face a bad reputation amongst the existing customer’s potential clients and public. The investors’ lawyer demanded that the parts were not should return the money that the customer have paid at the time of purchase. In an answer to this the company’s legal team set that the current market conditions the unfavourable and thus the court must extend the possession time. In this way the company will get time to wrap up all the promise agreement. After a series of argument the court favoured the investor and thus they won the case.

“We possess business properties that have a size of 1.38 million square feet, said Jain. He additionally specified that the association will move toward becoming obligation free in the following 2-3 years. We will adapt couple of benefits and will utilize the increases to pare obligation, he included. Discussing the endeavours, he said we will convey every one of our undertakings in the following 18 two years,” said Jain.

Another problematic issue that Parsvnath had to face was allegations that said that Parsvnath used the dominant position to cheat and manipulate the clients by using unethical terms and conditions however later the commission dropped the charges as there were more dominant players in the market and saying that they use their position wrongly is unjustified. It can be said that the company is facing a rough soil but calling Parsvnath Developer fraud or unethical is completely wrong. The company is working to reconstruct its financial arrangements to regain its prosperity in the industry and claims to bring new enchanting projects for the market.

Parsvnath Developers Case – Facts You Should Know

Parsvnath has been a prevalent real-estate firm which has been starting housing and business projects in various parts of the nation. In any case, since some time, the organization has been battling with the issue of ownership and this has transformed up into a Parsvnath court case. This has given a chance to the opponents to stigmatize the organization

Parsvnath Court Case – Delhi HC Tells Chairman, Directors of Parsvnath Not To Leave The Country

 

It’s a common issue in India, that high profiled cases always have slow progress or never get concluded, as compared to small cases, due to the incompetence of investigation agencies. It’s highly frustrating for the court to deal with the inefficient investigation in big cases.