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IREF® - Indian Real Estate Forum > Real Estate in India > Real Estate Mumbai > Attn: Paranjape Constuctions Project Buyers (Virar Nr Mumbai)
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Old May 24 2012, 06:42 PM   #1
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Default Attn: Paranjape Constuctions Project Buyers (Virar Nr Mumbai)

Friends,
Please be informed that 800 buyers of flats in Paranjape Constructions project (1986-87) at Virar near Mumbai stand to gain from the "sell-off" scheduled by consumer court on May 24, 2012.

Monies from this sell-off will be used to compensate the 800 buyers who have been fighting for the same for past 18 yrs or so..since 1995 or so..

so, any buyers in the project contact the consumer court for compensation ect

Note:- all current legal occupants in few completed buildings are immune to this legal sell-off.

 
Old May 28 2012, 05:11 PM   #2
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I am an investor in this scheme. Could you please let me know the contact details of the consumer court so that i can contact the same.

Thanks
 
Old May 30 2012, 06:09 PM   #3
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seema1601,
Off-hand i don't have the contact details however, if you visit the site and/or reach out to consumer society, u will surely get the details.
Maybe u can reach out to other investors too for more details.

all the best !!
 
Old July 26 2012, 05:36 PM   #4
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Default Paranjpe Construction Virar case

Hello seema1601,


The story so far in case if you are not aware

The case against Paranjpe Construction Company has been going on for years now and finally as said by Simsagar, the property belonging to Jayant Paranjpe in Virar has been auctioned by the local Tahsildar.
(as per court order received)

The case was fought by Mumbai Grahak Panchayat (Advocate Mr. Shirish Deshpande) for many years now. Few years back Mumbai Grahak Panchayat (MGP) had appealed to all the investors who have invested their hard earned money. At that time (1996-97) all the investors had assembled at Vile-Parle (Parle Tilak Vidlaya) and had submitted the affidavits for the same, after which MGP had created 5 different groups as per affidavits submitted.

These group were people who wanted there houses back, people who wanted there money back with intrest and thereon.

Present Status

The auctioned money received by Tahsildar of vasai-virar is Approx 24 crores. The money is currently lying with the Tahsildar and would be distributed to the complainants only after he receives the Final Court Order for the same.

To have more clarity and assistance you can contact Mr.Ajit Only on Fridays between 11.00 AM to 3.00 PMwho would be available personally as well as on phone in Grahak Bhavan, Behind Cooper Hospital, Vile Parle West. contact number is 26281832.
 
Old October 22 2012, 12:55 AM   #5
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Default Attn: Paranjape Constuctions Project Buyers (Virar Nr Mumbai) Reply to Thread

Thanks Wise78 for your info.
i am also member of this Paranjape scheme at Virar. We contacted this office by phone. No idea why it is taking so much time. When they are going to pay to the investors? I am anxiously waiting for the check !!
 
Old November 16 2012, 03:37 AM   #6
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Default Attn: Paranjape Constuctions Project Buyers (Virar Nr Mumbai) Reply to Thread

any body has any updates on Paranjape's Virar project? It's a whle that we heard an announcement about distribution of the money.
 
Old May 25 2013, 03:33 PM   #7
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I heard that their is some hearing on 13th june.
 
Old June 17 2013, 07:14 PM   #8
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No update as of today..... But no more intrested in this case. My father had invested in this project but unfortunately he expired in 2008. Now , recently I came to know from MGP that in this case I need to apply for a sucession certificate in my mothers name. As mentioned earlier MGP has created 5 groups in this court case and mine is first group wherein my father had opted for refund of money along with intrest rate of 18%PA. I went to MGP office and collected the court order pertaining to group I. To my surprise the total amount which I can claim is approx.3 lacs. after checking with my advocate I came to know the cost for gettinng sucession cert is almost 40-50 K. So I have lost intrest in following up with the MGP guys.

Its really slow process and a big shame on consumer movement where one single person has duped the money of thousand people and those people after more that 25 years(few of them must have died) now are still strugling to get back there money .....

God knows how and what the tahsildar will receive the orders to disburse the 24 crores to investors....hope it happens till I am alive
 
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