kingoftimes

Unfortunately I hold a property in the above.
Am keen on creating a group among other property owners.
The objective is to track the construction of the project and keep the other members informed. We might want to reach out to the builder in case the progress/quality is not up to the mark.
Do respond if you own any apartments in Parsvnath Palacia,Greater Noida and want to be part of the initiative.

jeetbora

Yes, I am a part of this project. I do have an apartment booked in this project. Please enrol me into this group.

kingoftimes

Hi Jeet,

Have you visited the site? Do you know upto which floor the construction has been. I am in Mumbai so not not sure about it.

With rumors of Unitech all over the media good to keep a track on the progress of the property.

jeetbora

I have also not visited the site as yet. We need to visit it. I have just checked the site photographs that they have hosted on their website. Let's reach out to all the customers of this project. But how do we? The response to your effort has not been good so far....

kingoftimes

Saw your mail effort. Good one. Maybe a few people would join.

The parsvnath website has given only Nov 2008 pics on construction update. Once we have substantial mass, we shall write to them asking for an official reply on construction.

This weekend I am planning to go to Delhi and will visit the site. Will post an update

arin_12

Many project is in deadlock stage. The Bank is not paying the installment to ongoing project as the Builder has not reached the specific stage. And at the same time Builder is asking money to the Customer to keep going. Which customer is not able to pay...
So project is getting stuck. Builders are now no where... As the Customer ...

sethugm

You are 100 % right .

The banks have also incresed the margin to 25 % which means the home buyer can sanction only 75 % of the amount .

Also PE Participation have been restricted by Govt to a greater extent.

The market listed promoters cant dilute their stake as the current market prices are almost 1/6th of their peak values.

PC says that India is still in slowdown .

When entire world has officially accepted the slowdown/recession (US UK Korea Singapore Japan and China) , wondering how India is managing the cridit crisis.

Unless you insist to have a project officer in the construction site & tracking the project growth , the promoters will try to prolong the completion as maximum as possible.

sethugm

You are 100 % right .

The banks have also incresed the margin to 25 % which means the home buyer can sanction only 75 % of the amount .

Also PE Participation have been restricted by Govt to a greater extent.

The market listed promoters cant dilute their stake as the current market prices are almost 1/6th of their peak values.

PC says that India is still in slowdown .

When entire world has officially accepted the slowdown/recession (US UK Korea Singapore Japan and China) , wondering how India is managing the cridit crisis.

KingOfTimes,

Good initiative.

Unless you insist to have a project officer in the construction site & tracking the project growth , the promoters will try to prolong the completion as maximum as possible.

muskan thakur

hello

I am not having property in Parsvnath palacia but, I had enquired about Parsvnath palacia, greater noida today itself. i got to know that it is build up only till 4 th floor. Due to some finance problem the construction was stopped. now company has done refunding and it is expected that the construction will start in mid of march.
But Property holders please please beware and do continuous tracking.

Hope for the best for you all.

vinay.gupta

Hi all
last time when i spoke to a Person from Parsvnath
they told me that construction will begin soon tentatively by
1st week of April . does anyone has updates if the construction has begun or not. what is the way to force Parsvnath to start doing construction again
as i dont see parsvnath fullfilling its commitments by 2009 December for this project.