Owner
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

My replies to this discussion
I believe it will be good if we do it as a group and take it to the courts with a Class Action Case. I believe we are entitled to much more than Rs. 5/sq.ft. A 2 day delay in my payment once costed me almost 24% as late fee. If they have been sitting on our money for 1.5 to 2 years, to make it equitable, we have right to ask the same interest rate and then that will be a lot of money. This is only possible if there is a Class Action Law Suit. We can get a good lawyer on commission (if allowed) and fight this case.I believe it will be good if we do it as a group and take it to the courts with a Class Action Case. I believe we are entitled to much more than Rs. 5/sq.ft. A 2 day delay in my payment once costed me almost 24% as late fee. If they have been sitting on our money for 1.5 to 2 years, to make it equitable, we have right to ask the same interest rate and then that will be a lot of money. This is only possible if there is a Class Action Law Suit. We can get a good lawyer on commission (if allowed) and fight this case.
Sanjay, did they mention anything about late penalty and how much did they offer? Please make sure you discuss the late penality before making any final paymentSanjay, did they mention anything about late penalty and how much did they offer? Please make sure you discuss the late penality before making any final payment
Please let us all know once you get possession of your property including details on late penalty charges deducted from the final payment.Please let us all know once you get possession of your property including details on late penalty charges deducted from the final payment.
When do you expect to get possession? Are they sticking with their promised Jan. 31st date.When do you expect to get possession? Are they sticking with their promised Jan. 31st date.
Anyone interested in pursuing a legal path? I suggest to get possession first then take the next steps.Anyone interested in pursuing a legal path? I suggest to get possession first then take the next steps.
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