Real Estate Forum for Parsvnath Panorama in Swaran Nagari, Greater Noida

Expansion Joint

Q: we deal in supply and installation of building expansion joint.this is regarding treatment of expansion joint at your site PANORAMA in Greater Noida.

Vijay Kumar Patel

16th July 2010

Parsvnath Panorama, Swaran Nagari, Greater Noida

Latest Answer: what job work do you undertake?

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Greater Noida Swaran Nagari Parsvnath Panorama

Penalty on builder for late handing over of Flat

Q: Hi guys,
I have recently received letter from Parsvnath to pay remaining amount and take over the property. No where they have mentioned about Rs 5 Psqf/month penalty for delayed completion.
Can somebody advice how he/she is dealing with this?
Regards
Sanjay

Sanjay

13th July 2010

Parsvnath Panorama, Swaran Nagari, Greater Noida

Latest Answer: I do not agree that this project had a delay just 10-12 months. I remember the foundation work started in mid 2005. This makes the project due mid 2008 or late 2008 with their 6 months grace period per the agreement. With this the delay is minimum of 24+ months. Also, the Rs 5/- PSF is acceptable if the project is late by few months. This has been 24 + months delay. The overall interest over the 2-3 years would be much more than amount they are offering. A much larger compensation is appropriate and this is only possible through legal path. I plan on taking the possession and then start the legal path.

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