MYTHS ABOUT PARSVNATH COURT CASE & SCAMIf the fake information and news prevailing over the social media are diverting you, then it is good to know the actual facts before making any misconception. So far, Parsvnath developer has remained the most reliable and trusted real estate developer in India. It has been initiating several residential and commercial projects to provide customers that worth the money. If you also see the negative reviews on the social media, it's a time to stop and think of the past credit of the company. It is a good idea to make a small research and check the authenticity of the news and negative reviews before coming to a conclusion.
Recently the Parsvnath Company has faced a serious financial crisis and this has to give mouth to the rivals to speak negative and has given birth to the Parsvnath developers case in the court. The company is serious about this situation and making all its possible effort to maintain the trust of the investors in its different projects. The company also agrees with the complaints of the customers and has assured them to keep the promise and provide them flats in next nears. There are various sources through which a company earns and make money. Using it, the rivals make fake news and divert customers. If you see news about the Parsvnath scam, it is good to check the language and content of the review. It will speak of the negativity of the company and will have no base of the allegation. Such fake reviewers also use the full name of the developer and suggest not buying the flats. This provides clear information that they are just to brainwash the investors and look for the alternative options. If you check the value of the stocks and other investment, you will see that the company is still growing and making a great success. Hence, Parsvnath court case has no base to defeat the company and will be soon resolved in the favour of the developer. Thus, always keep an eye on the progress of the new and existing projects and will help you to get the correct information of what is happening in the real estate.
0 Comments
Parsvnath Developers, one of the leading titans in Real Estate sector has grounded with negative comments, accusations and claims these days. The web is flooded with charges on the company and the service. The blame being people are getting cheated and do not get their property on time. The people are being exploited and terms and conditions are not acceptable. But even after the entire negative occurrence, Parsvnath Developers has found to be not guilty by the CCI; Competition Commission of India with all the proof and details. Parsvnath Developers is still the fastest growing builders in real estate sector. The official team has proved that the allegations are untruthful and the customers are very happy with the service. Under the influence of media coverage people thought that Parvnath Developers is a dominant name and is using it to change the reports but the CCI is against the complaints filled by the people as there are many more other players who could also be dominant enough to present anything. The denying of all the complaints by Competition Commission of India it is itself a big relief in Parsvnath Developers Case. This case has affected the good owned reputation of the company but the legal team of Parsvnath Developers are leaving no stone unturned to fight back and earn the prior respect and admiration back. The Parsvnath Developers Case has nothing to do with the reality and the reality is Persvnath Builders are one of the trustworthy players in Real Estate sector and will efficiently operate its services same as it is doing since years regardless of the illogical and untruthful allegations. The company is not fraud and will fulfil their commitments same like it has been doing since forever. All the allegations are proved to be false and could be assume as the strategic conspiracy by the competitors in the concerned field. Parsvnath Developers are extremely loyal to their customers and will never let their hard earned money wasted in any such property where there are no chances of getting positive returns. The company has won many awards for their commendable work and service. Parsvnath Developers own commercial properties that have a size of 1.38 million square feet. The organization will become debt free in the upcoming years. All the projects are assumes to be delivered in another 2 to 3 years. Every business has its ups and downs, some may even hit rock bottom. Those companies die there, but the one who works to progress and emerges out of the situation is the true marvels. We are a bit short on these success stories these days, but there is one. The who company brawled with court and media to crawl its way back to the top was Parsvnath Developers. Parsvnath Developers court case was a real blunder on the company’s global image. It displayed the company’s one act of incompetence, of not able to deliver some apartments on the promised date. A group of customers filed a lawsuit which dragger for some time and destroyed the company’s long earned reputation. The shocking part of this whole mess was the tons of Parsvnath Developers fraud complaints popping on social media, which even ripped the last shred of the company’s reputation. Eventually, all the Parsvnath Developer's complaints started popping out here and there on web. Still the struggle is on going. In the middle of these, Parsvnath Developers completed the many other projects and started developing new ones. They diversified their style by implementing a policy of state-of-art construction technology in their new offspring’s. The company became the first to land a DMRC contract and excelled in various mall and tower projects. Parsvnath became the first IPO in real estate, a major developer in CBD, and the proprietor of the most commercial development in Delhi. The recurrent efforts to atone for their mistake and hard work of rebuilding and rebranding the company were fruitful. Parsvnath was featured in the Construction & Architecture Magazine. The article put the Chairman Mr. Pradeep Jain as the sole voice behind the operations. He shared his views on the future uphold, the company’s strong suits, potential sectors they would like to work in, and the ongoing practices and the company’s motto. Along with the article, the magnificent new projects were printed with their brief description and the locations for all 4 ventures. From now Parsvnath Developers have their eye set on all the real estate aspects. Residential, commercial, malls, offices, hypermarkets etc, all will be constructed under Chairman Mr. Pradeep Jain’s 30-year experience. To abridge, Parsvnath took a hell lot of beating by the media, courts and even the people, but at the end, a champion always comes out victorious even from a rash battle like this one. The Competition Commission has rejected a complaint charging that real estate player Parsvnath. As it was stated that they mishandled its overwhelming position by forcing unethical terms and conditions in the agreement of the flat in Gurgaon, Haryana.
In the wake of finding that the firm isn’t dominant in the appropriate market, the Competition Commission of India (CCI), which is responsible to maintain the fair game in business practices. It was claimed that Parsvnath Developers complaints were regarding their incompetence to hand over the ownership of a flat to the complainant in ‘Parsvnath Exotica’ venture in Gurgaon inside the time allotted. This case set free a number of events which pulled back the company even more. The fraud complaints on internet shattered the company’s reputation and drilled a hole in its heart. Not those falsehood complaints are brought back to the minimum extent. Further, the dissension charged that the organization practiced its dominant position while getting the deal signed from the investor and manipulated the same in an uncalled-for way by putting terribly one-sided and outlandish conditions in the paper agreement available to be purchased flats. For this case, the watchdog considered “provision of services relating to development and sale of residential flats in Gurgaon,” as the appropriate market. The controller noticed that there are a few big land developers in the important market, giving comparable administrations who gave a competitive edge to Parsvnath Developers. “Presence of such players with comparable projects in the relevant market indicates that buyers have the option to choose from various developers in the relevant market,” CCI said. Further, CCI said no data could be tracked on record or in the general population space featuring a place of quality appreciated by the organization, which empowers it to work free of the competitive edge winning in the potential market. With respect to the other competitors, the watchdog stated, “Analysis of the information has not revealed any anti-competitive agreement, be it at horizontal or vertical level”. Expelling the cause of complaint, CCI stated, the Commission is of the supposition of the fact that no recorded Parsvnath Developers complaints have been filed for infringement of either Section 3 or 4 of the Act so far. While Section 3 of the Competition Act concerns with anti-competitive agreements, Section 4 relates to manipulation of the prevailing position. Parsvnath Developers posted a fairly fragile arrangement of Q2 numbers. In an interview with CNBC-TV18, Pradeep Jain, Chairman of the organization bantered the Q2 execution and gave his position for the organization’s future. We own business properties that have a size of 1.38 million square feet, said Jain. He additionally specified that the association will move toward becoming debt free in the following 2-3 years. We will adopt a couple of benefits and will utilize the increases to pare debts, he included. Discussing the endeavors, he said we will convey every one of our activities in the following 18 two years. Parsvnath Developers is a major fish in the property lake. The organization has been easily working for quite a while now, with no charges and significant grievances from its customers. However, a while prior the organization was caught up in an unexpected claim with respect to the failure to give the ownership of the specific “Parsvnath Exotica” venture. The 70 investors sued the organization with a legitimate advocate. In the light of the current property market, the Parsvnath Developers case got terrible features in media, which drain the organization’s image. The customer’s legal counselor recommended that Parsvnath refund the cash paid by the clients at that time in total. To counter the organization’s own lawyer argued the court about the present economic situations and attempted to influence the court to broaden the possession time. The extended possession period will give the organization a chance to satisfy what was guaranteed in the arrangement and wrap this case and make incomprehension. By a long battle and contention, the court denied Parsvnath offer and the investors won the case. This case was the beginning of the what you call a stroll of disgrace for the organization’s reputation. The multicity of complaints went viral on the web. Another Parsvnath Court case, now concerning with the Competition Commission was denied by the commission. The grumbling was a claim that Parsvnath utilized their predominant position in the market and controlled their customers to the agreement on some exploitative terms and conditions. By the profound examination and market ponder, the commission dropped the charges as there are more predominant players than Parsvnath in the concerned market. To accept that the organization utilized their market predominance will be a wrong certainty to utilize. However, by the expressions of the organization director appears to be strong and we may hope to see the organization’s present crisis disappearing ethically and financially. I am a builder myself on a small scale. I had been working for 7 years in the property market. I used to give property advice to all my customers regarding property affairs. But when it came to buying my own house I ran up to master- Parsvnath. They are the crown jewel in the real estate market. I bought my house under their deal and had a decent living. One day, my brother visited me at my new place. He had a bad feeling as he had heard about a Parsvnath Developer's case. But the moment he entered the door of my house. I was pleased with everything. Now, he is in the process of getting the same deal. Now, we both would be neighbors and can keep our family close.
Parsvnath Court Case - Delhi HC Tells Chairman, Directors of Parsvnath Not To Leave The Country11/24/2017 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.
|
|