Tag: Parsvnath Hessa Developers

Latest StoriesRegulatory

SC Directs Parsvnath Developers to Report Pending Cases

NEW DELHI: The Supreme Court on Monday instructed Parsvnath Developers and its directors to submit a status report regarding ongoing cases brought by distressed homebuyers against them, detailing the current status of each matter. The court also ordered the real estate company to complete the construction of a dwelling unit booked by Rita Tikku, a cancer survivor, and Lokaish Tikku, who invested their life savings in the ‘Parsvnath Exotica’ project in Sector 53, Gurugram, within a week. A bench composed of Chief Justice Surya Kant along with Justices Joymalya Bagchi and V Mohana was reviewing a plea submitted by the…

Latest StoriesRegulatory

SC Freezes Parsvnath Developers’ Accounts, Issues Warrants

NEW DELHI: In a strong condemnation of the “blatant negligence” exhibited by Parsvnath Developers, a Haryana-based real estate firm, the Supreme Court on Monday froze the bank accounts of the company and its directors, issuing bailable warrants against the leadership due to a two-decade-long struggle faced by senior citizens in securing their homes. A bench led by Chief Justice of India Surya Kant criticized Haryana authorities for their inability to implement orders from the Haryana Real Estate Regulatory Authority (HRERA) against the firm, highlighting severe concerns about the Real Estate (Regulation and Development) Act, 2016’s effectiveness in providing relief to…

Latest StoriesRera

H-RERA Directs Parsvnath Hessa to Compensate Gurugram Buyers

GURUGRAM: The Haryana Real Estate Regulatory Authority (HRera) has ordered a developer to compensate a couple over ₹77 lakh due to delays in a project on Golf Course Road. Despite a delay of more than three years, the developer failed to deliver the apartment in the Parsvnath Exotica project located in sectors 53-54. Construction was halted for four years, and the necessary occupation certificate was not obtained despite numerous requests. On Tuesday, adjudicating officer Rajender Kumar directed Parsvnath Hessa Developers to pay ₹77.6 lakh to DLF II residents Raj Kumar Chawla and Indu Chawla for lost profits and an additional…