Another Parsvnath homebuyer receives refund for delay in delivery of flat

Parsvnath Exotica

After sports minister Rajyavardhan Rathore receives 3.06 crore rupees as refund from Parsvnath developers for delay and defective flats, another Parsvnath homebuyer receives Rs.46 lakhs.

The Delhi State Consumer Disputes Redressal Commission directed Parsvnath Developers Ltd to refund Rs 46,28,933 to Varun Dev, who had paid the amount for a flat in Ghaziabad while rejecting the builder’s claim that global recession had slowed the construction of its various projects.

“Sole defence raised by the firm in not handing over the physical possession of the flat is ‘global recession’. No material has been placed on record by the firm to support his contention that there was a ‘global recession’ which resulted into non-completion of the project,” the bench, comprising judicial member N P Kaushik, said.

According to the complaint filed by Dev, he entered into an agreement in 2008 with the firm for the construction of a flat in one of its projects named ‘Parsvnath Exotica’ in Ghaziabad. It further claimed that when he visited the site in the year 2009 there was no construction activity.

The firm claimed that global recession had slowed the construction of its various projects.The company also claimed that there were many other reasons related to various governmental authorities which further delayed the construction.The commission rejected these contentions, saying the firm has failed to provide any evidence for the same.


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