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Parsvnath booked for non performance in Chandigarh

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One of the leading realty Parsvanath has recently been booked for its delayed construction and impropriate participation for a Multimedia cum Film city project in Chandigarh. Sources depicted at www.propertykhazana.com states that it is the project of worth nearly Rs 191 crore by Parsvnath developers where Chandigarh administration has morsel due to incompletion on time and other misunderstandings with the developer. Hence the company is fined with Rs 47 crore to the administrative authority of Chandigarh.
But on the other hand on a short note with www.propertykhazana.com P K Jain from Parsvnath group states that “main confusion is all due to the irresponsibility of the Chandigarh authority to provide adequate assistance on land acquisition matter and hence we will be forced to take legal steps towards such penalty”. The legal cell of the company is on the process to get a remedy for the issue and we are sure to make a way for the misunderstanding soon, added Jain.
Earlier Parsvnath group has won the bidding for Rs 191 crore for tenure of 99 years for 30 acres of area at Sarangpur in 2006. The site was to get completed with in 3 years of construction which is to serve the purpose of one stop objective for all the relative matters of films and its associate activities. As per the sources reported at www.propertykhazana.com a central vigilance has also been forwarded to check the irregularities in the land issues of the project which was claimed to sell at very minimal price by the authority. For more and latest real estate updates browse www.propertykhazana.com.
Source: NBTVLIVE

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