All,
we stay in US and my father bought an apartment at tivoli project at whitefield bangalore in 2007. Project was developed by IDEB PARKWAY consortium.we were dealing with Ideb group and project was getting completed fast. In end 2008 or 2009 Mr gajra of Parkway took out advertisements against the project and IDEB causing project to stop. I just read of the net that project has now been taken over by Parkway after stopping it for 2 years and that they have no experience in developing. Some Praveen Tewani is owner of Parkway and I checked he is an electronics dealer in singapore.
I have also learnt that Mr gajra is agreeing to give 18% interest as damages to us. Huge money is owed to HDFC and my father informs that some warrants were also out on Parkway. Tewani, as per their website owns UPTRON, the defunct electronics busness which closed down after going bankrupt in north India.
How is he going to finish. I have paid 65% and now they are asking butthe work is at standstill. I dont understand how a man who stopped the work thru public advertisements is now saying that he will hand over. UNless he gives us Post dated chqs as damages to ensure completion.
we should ensure our completion, damages for delay and compensation payable to us in case MR Gajra? tewani? Parkway? further delay our houses. before we release any further payments.
Vicky A.
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