ALSO READSC to hear Union Minister's plea against Parsvnath developers SC to hear Union Minister's plea against Parsvnath developers today Parsvnath Developers incorporates subsidiary - Vasavi PDL Ventures Parsvnath Developers jumps as net loss narrows in Q2 Parsvnath Developers reports standalone net loss of Rs 6.22 crore in the September 2016 quarter
The Supreme Court on Tuesday said the compensation amount for flat buyers would be decided on the next date of hearing in connection with the delayed possession in Parasvnath's five projects case.
Union Minister Rajyavardhan Rathore had filed a plea against Parasvnath developers in connection with the builder's apathetic attitude for not providing the basic amenities while providing him the flat.
The apex court, in December last year had asked Rathore and Parsvnath developers to sit together and amicably settle the dispute.
Rathore had booked a flat in Parsvnath Exotica project in Sector 53 of Gurugram in 2006, for which he paid around Rs. 75 lakh.
The developer had promised to hand over the flat by October 2009, which he failed to, after which Rathore was forced to take a legal action.
However, on apex court's directions, the developer handed over the possession, but Rathore complained to the Supreme Court that the flat basic facilities.
Rathore's advocate alleged that occupancy certificate and fire safety clearance was not given by the developer.
The developer, however, assured the court that it was taking necessary steps to remove the loopholes.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)