Latest news with #ParsvnathDevelopers
Time Business News
a day ago
- Business
- Time Business News
How parsvnath CEO Sanjeev Jain Is Leading the Future?
As everyone is aware, the real estate industry is expanding in this fast-paced world. One of India's top real estate firms is Parsvnath Developers, led by Parsvnath CEO Sanjeev Jain. They provide the highest caliber eco-friendly homes and offices. Parsvnath has established a solid name in this field with its thirty years of experience. All of this is due to our CEO, Sanjeev Jain, whose creative ideas have led to the construction of residences. Sanjeev Jain never loses sight of the client's needs. He regularly keeps an eye on homebuyers and the latest market trends. Under his direction, the business produces buildings with cutting-edge technology and environmentally friendly features. According to him, creating a home involves more than simply constructing a structure; it also entails using the highest quality, environmentally friendly materials. Parsvnath Developers constructs homes with sturdy structures and high-quality materials by employing clever building processes. They incorporate eco-friendly materials and other elements into their homes and workplaces. Techniques for conserving energy Automatic elements such as fans and lighting that can be controlled by a remote The Internet of Things, or IoT Homes in Parsvnath are constructed with contemporary styles and a range of lifestyles to accommodate various price ranges. They provide: They constructed residences with a variety of amenities and creative designs. Eco-friendly features were included in their dwellings. They have well-located projects. They provide the greatest and most comfortable layouts. Additionally, Parsvnath developers create smart offices with the best structures and opulent amenities. They employ designs that save energy. Their developments are close to workplaces and markets. Sustainability, which is what everyone demands these days, is the foundation of every initiative. Solar systems and rainwater collecting environmentally friendly construction materials Open spaces and gardens They offer top-notch projects and a wholesome setting. Parsvnath puts the client first at all times. They provide: Real Deal Timely Project Delivery Beneficial assistance Intelligent property administration Having completed numerous successful projects in the past, Parsvnath, under the leadership of CEO Sanjeev Jain, is now preparing for more. Parsvnath CEO Sanjeev Jain aims to expand into smaller cities and develop smart townships with top-notch amenities. New Collaborations & Creative Concepts In order to stand out in the market and become one of the most reputable developers in India, Parsvnath developers primarily concentrate on creative design using environmentally friendly materials, sustainability, and customer happiness. TIME BUSINESS NEWS
Time of India
28-05-2025
- Business
- Time of India
17-yr-delay: Court orders FIR against realty firm
New Delhi: A Delhi court has directed the registration of an FIR against Parsvnath Developers for a 17-year delay in constructing a shop in a mall in Sector 10, Rohini, for which the customer allegedly paid Rs 33.5 lakh. This is the eighth FIR to be lodged against the company and its directors for allegedly duping various people who paid for residential and commercial properties. The court of additional sessions judge Dhirendra Rana of Rohini Court was hearing a revision petition filed by a complainant, Amrit Pal Singh Malhotra, against a magistrate court order that refused to file an FIR against the developers last year. In all the FIRs, the allegations are more or less similar against the accused persons — that they received a handsome amount from the investors on the pretext of providing them flats/shops, etc., but they never completed their part of the liability. In 2007, Malhotra was allegedly promised occupancy of a shop on the third floor of Parsvnath Mall in Rohini. According to the agreement, the construction was meant to be finished within 30 months. After he paid Rs 33.5 lakh, which was the basic price of the shop, the accused allegedly started avoiding his calls. In March 2019, the developers allegedly issued a letter stating that they were cancelling the agreement and issued a cheque of Rs 33.5 lakh to Malhotra. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo The cheque bounced, alleged Malhotra. The court also set aside the trial court order dated Jan 2, 2024 which had said that no police investigation was required in this case. It said that the trial court had not discussed the previous antecedents of the accused, which are glaring in nature. The court ordered the Prashant Vihar police station to file an FIR against the accused and submit a compliance report before the trial court within two weeks.
Indian Express
28-05-2025
- Business
- Indian Express
Delhi court orders FIR against developer for 17-year delay after payment of Rs 33 lakh for construction of shop in Rohini mall
A Delhi court Saturday directed the registration of an FIR against Parsvnath Developers for a 17-year delay in the construction of a shop in a mall in Sector 10, Rohini, for which the customer had allegedly paid Rs 33.5 lakh. This is the eighth FIR to be lodged against the company and its directors for allegedly duping various people who paid for houses and commercial spaces. 'In all the above-mentioned FIRs, the allegations are more or less similar against the accused persons that they received handsome amount from the investors on the pretext to providing them flat/shop etc. but they never completed their part of liability resulting in FIR against them. Therefore, it can be safely said that accused persons are adopting the same modus operandi with their investors for the purpose of inducing them to invest in their projects,' said Additional Sessions Judge Dhirendra Rana of Rohini Court in his order dated May 24. The court was hearing a revision petition filed by a complainant, Amrit Pal Singh Malhotra, who was represented by advocate Prateek Som, against a 2024 magistrate court order that had refused to file an FIR against the developers. The court disagreed with the trial court's view that no police investigation was required in this case. 'In the considered view of this court, it is a fit case to exercise discretion in favour of the complainant by ordering the police to register FIR under relevant Sections of law and to take up investigation without any further delay,' said the court, as it set aside the trial court order dated January 2, 2024. The court ordered the Prashant Vihar police station to file an FIR against the accused and submit a compliance report before the trial court within two weeks, along with a copy of the FIR. It also stated that the trial court had not discussed the previous antecedents of the accused, which are 'glaring in nature'. It noted that the National Consumer Disputes Redressal Commission had issued a non-bailable warrant against an accused, Sanjeev Jain. The police chased him for about 60 km and the Special Task Force (STF) arrested him at Indira Gandhi International Airport in Delhi, the judge said. The case dates back to an agreement from August 2007 between the shop buyer and the developer. The complainant was allegedly promised occupancy of a shop on the third floor of Parsvnath Mall in Rohini. According to the agreement, the construction was meant to be finished within a period of 30 months. After Malhotra paid Rs 33.5 lakh, which was the basic price of the house, the accused allegedly started avoiding his calls. When he visited the construction site of the project, he discovered that all work had come to a complete halt. In March 2019, the developers allegedly issued a letter stating that they were cancelling the agreement and issued a cheque of Rs 33.5 lakh to Malhotra. The cheque was returned, alleged Malhotra, due to 'insufficient funds'. 'It is also admitted case of the accused persons that till date no effective construction has been carried out despite lapse of almost 17 years of the agreement between the parties. As per the recent report filed by Sub Inspector Sandeep only some pillars were constructed at the site and thereafter construction was stopped,' the court noted in its order. Sakshi Chand is working as an Assistant Editor with the Indian Express. She has over a decade of experience in covering crime, prisons, traffic and human interest stories. She has also covered the communal clashes in Kasganj, Aligarh, Trilokpuri riots as well as the North-East Delhi riots. Apart from being a journalist, she is also a National level basketball player and a coach. Before joining the Indian Express, she was working for The Times of India. ... Read More
