[Resolved]  Parsvnath Developers — Delay in plot possession more than stipulated time in parsvnath city indore

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