Bogus Rumors About Parsvnath Developer Scam & Ripoff

Parsvnath Developers is one of the most known and reputed real estate companies in India with a huge list of happy and satisfied customers. However, like in other businesses, there are some ill minded elements present in the real estate world too. Once the company started achieving great heights, some negative elements started creating false and misleading allegations which resulted in the famous Parsvnath Developer fraud. This post throws light on some of the details of the scam that can help you find out whether or not Parsvnath is a ripoff.

With two decades of experience in commercial and residential real estate, Parsvnath Developers is one of the iconic names in the Indian Real Estate market. However, the fast success has come at a cost for the company. The competitors of Parsvnath Developers, particularly those who didn’t wish well of this reputed group, started to malign the reputation of the firm using the online platform. Let us try and dig a little deeper to understand the nature of the allegations which led to the infamous Parsvnath scam.

Taking Advantage of the Situation

Every big business, especially in the field of real estate, faces law suits and allegations from its customers. While some are true, many of them are just bogus to either take advantage of the situation or malign the reputation of the company. In the case of Parsvnath Developers, something very similar happened. It all started with a case where a group of buyers filed a case in which the builder has allegedly failed to complete the project on time. While the case is still pending in the court and the company is taking all the legal routes to sort out the matter, some competitors realised this is a good time to harm the company.

Fake Allegations

Soon, allegations against the company started pouring in. Many of these allegations came from people who had never even bought properties from Parsvnath. However, this alerted the buyers who were about to invest in the company's projects. Parsvnath scam became the headline used by competitors to target the company.

Fame Rumours

Thanks to the online world, spreading rumors has become rather easy. And the competitors used this well to damage the reputation of the company. Soon Parsvnath ripoff news was all over the internet. This alerted the prospective buyers further which made it all the more difficult for the developers to run the business.

What is the Reality

When these allegations were investigated into, it became quite clear that these allegations were false and baseless with not even an iota of truth involved. Hence, even though these allegations grew out of proportion, it did not impact the long standing reputation and trust of the customers which this group had managed to earn over the past two decades.

The Parsvnath Developer scam taught us many valuable lessons of which one was that never believe what is being said or written even if you see it in black and white. Make sure that you do your own homework and make your own opinion instead of blindly following some other person’s opinion.