[Resolved] Parsvnath And Omaxe — Money Stuck in two property investments

[Resolved] Parsvnath And Omaxe — Money Stuck in two property investments

V vinay.bhutani from Lucknow, Uttar Pradesh Apr 11, 2009

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. Was this information helpful? No (0) Yes (0)
Aug 13, 2020 Complaint marked as Resolved
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Comments

AMAN MALHOTRA

from Gurgaon, Haryana

Feb 28, 2010

Hello,

Please update me on the association. We should not be taking it lying down. Its our hard earned moiney for god sake.

czarvictim

Jun 24, 2009

Parsvnath builder should be banned from India at the earliest. This builder is nothing but a group of irresponsible thugs. The same thing (increased area) have been done in their all project in Noida and Gr. Noida. So it is there common practice to get money out of people. Mr. Jain does not believe in goodwill etc. I have stopped almost 20 new customer from being getting trapped with this thug builder. Also as God see everyone, this builder has got so much financial crunch that 90% of its projects are on hold and construction is stopped. One more interesting this about this builder is 'The Maintenance of the Complex' - This builder has got some maternal family members who are given the authority to manage the apartments complex the co. name is Basundhra, these guys just take money from you (monthly maintenance ) and do the work only for 10% of that money. In most of the parsvnath projects the residents are being harassed by this agency for the money which residents are not supposed to pay. like (electricity charges during construction). So Don't think this builder will be here in the news for long.

SuperPrivileged !!'s reply, May 25, 2021

hello Sir, I can help you with your strucked property, i have best deal for you. You can contact me on 7693088888, Email - [email protected]

Anshuman

from Chennai, Tamil Nadu

Oct 8, 2009

We had also booked a Parsvnath Privilege about 3-4 years ago and paid a similar amount. The works is stopped for over 7-8 months and with no confirmation on the completion date or any signs of restarting the work. Agree with Mr RK Singh that we should go the consumer court and create a association of affected buyers of Parsvnath Privilege. Please send me an e-mail if you are interested in the same. Thanks

Raman5664's reply, Apr 24, 2021

Hello Mr. Anshuman Currently I have a good option for you where in i can help you out to transfer your complete paid up amount to a ready to move project contact me on 8750978939 Raman sharma

sumit sharma

from Mumbai, Maharashtra

Oct 14, 2009

I am very much agree with all complainer, as I had also purchased a Villa in Parsavnath Sonepath Project, Since one year no progress on this project . Let we all make assosiation & fight in court with builder . Already lots of person joined me . If some more is interested please contact me on sumit.[protected]@gmail.com or call me on [protected]

SuperPrivileged !!'s reply, May 25, 2021

hello Mr Sumit Sir I can help you with strucked property you can can contact me on : 76930888888

Amit Singhal

Oct 31, 2009

I had paid same amount for Parsvnath Privilege and dont see any progress. Happy to join any association against this builder.

Raman5664's reply, Apr 24, 2021

Hello Mr. Amit Singhal Currently i have a good option for you where in i can help you out to take your paid money back from parsvnath contact me on 8750978939

Piyush

Dec 8, 2009

Omaxe too has been behaving like a bunch of thugs. I too have my money stuck in the galaxy project for 2.5 yrs and Omaxe is not refunding the funds.

Looks like Consumer Forum is the only option left.

SuperPrivileged !!'s reply, May 25, 2021

hello Piyush, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

Bist

from Noida, Uttar Pradesh

Jan 23, 2010

I have booked a flat in Parasvnath Privilege, Greater Noida and paid Rs.19 lacs so far. I have been visiting the site quite frequently and there is no foundation work done so far in my tower.

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.

Raman5664's reply, Apr 24, 2021

Hello Mr Bist please contact me on 8750978939 Raman sharma i will help you out to take your money back instantly

SuperPrivileged !!'s reply, May 25, 2021

hello Sir, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

Ankur Jain

from New Delhi, Delhi

Feb 19, 2010

Hi

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

Raman5664's reply, Apr 24, 2021

Please contact me on 8750978939 Raman Sharma i will help you to take your money back

kuldeep singh

from Gurgaon, Haryana

Feb 24, 2010

hi everyone

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]

Raman5664's reply, Apr 24, 2021

Hello Mr.Kuldeep Contact Me On 8750978939 Raman Sharma I will help you to transfer your money in to ready to move apartment

SuperPrivileged !!'s reply, May 25, 2021

hello kuldeep, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

Mohan Sukhralia

from Chennai, Tamil Nadu

Mar 2, 2010

I have booked a flat in omaxe in ther BHIWADI HEIGHT PROJECT. 4 year passed and i have paid 4lakhs for that .till date there is no ground progress there and site has also changed. when ever we talk /complain about this issue.only one reply we gets that buy a villa or plot instead of flat and they asked for 80% instead payment for that which is impossible for a slaried class person and now i dont have any kind of faith on OMAXE. can any one suggest what should i do? how i can get my HARD EARN MONEY BACK?pls.reply .

SuperPrivileged !!'s reply, May 25, 2021

hello Mohan, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

Maneesh Gupta

Mar 4, 2010

Hi,

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

SuperPrivileged !!'s reply, May 25, 2021

hello Maneesh, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

MANISH VERMA

from Kolkata, West Bengal

Mar 28, 2010

i booked one apartment in prelaunch at Parsvnath Privilege, paid more than 15 lacs till now..., lots and lots of promised made by Mr.Kharbanda and Mr.Sachher about FDIs they are getting etc.

Lets form a forum and not allow these buggers to enjoy our hard earned money.

Manish Verma
[protected]
Delhi

SuperPrivileged !!'s reply, May 25, 2021

hello Manish, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

hardug

Sep 26, 2010

Please do let me know if the forum is taking shape against parsvnath Privilege property.I am also a sufferer like most of you.My email ID is [protected]@yahoo.com. Thanks and hope someone takes the initiative H.Duggal

SuperPrivileged !!'s reply, May 25, 2021

hello, I can understand what you are felling right now. when hard earned money is gone. which saved years for Your dream Home. Sir I can do is this i definitely Can help you to get dream home to reality home you can contact me on 7693088888

gaurav8

Jun 28, 2011

Hi

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

vin_indiain

Sep 8, 2011

there is no improvement, we still see a lot of projects pending with no progress at all.
Look at the quality of construction of exotica, do you really feel its worth the cost paid by people