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A woman has filed a lawsuit against the developers of a Versace-designed luxury condominium in London for which she paid Rs 16.6 crore.
To finance the purchase, Mi Suk Park sold her prior home in 2019. (Photo Credit: Instagram)
A London-based accountant, Mi Suk Park, has filed a lawsuit against the developers of a Versace-designed flat, claiming the property failed to meet the promised luxury standards.
According to The Telegraph, Park had invested Rs 16.6 crore (£1.5 million) in a two-bedroom apartment with a parking space in the 50-storey Aykon London One tower in Nine Elms, developed in collaboration with Versace. She had already paid a Rs 4.2 crore (£381,000) deposit but now alleges the flat did not match the high expectations set by the developers.
Mi Suk Park sold her previous house in 2019 to pay for the flat, which she planned to use as her main abode until retirement. The apartment was supposed to be finished in 2020; however, due to building delays, the handover date was moved to 2022.
After she moved in, she found that one of the two bathrooms lacked a bathtub, which she thought was a key feature of the design, and that one of the bedrooms was smaller than she had anticipated.
She brought the case before the Central London County Court, requesting damages of Rs 7.7 crore (£700,000). In contrast to the layout she had been shown before making the deposit, the apartment was “materially and manifestly different,” according to her lawyer, Nazar Mohammad.
“The apartment was an ‘off-plan’ purchase on the 29th floor facing west and was meant to have two bedrooms and two bathrooms, with a bathtub in each. It was to be an open-plan layout. The defendant provided a plan appended to the sales and purchase agreement, and she signed the same plan,” Mohammad told The Telegraph.
In response to the case, the developers—a Jersey-based entity owned by a parent company based in Dubai—have accused Mi Suk Park of not completing the acquisition.
Meanwhile, the developers’ lawyer, Rupert Cohen, contended that the brochure simply showed sample units, noting that “‘typical layout’ is written at the top of each page.”
“Park refused to complete and instead, purported to rescind the contract by letter dated 14 October 2022. Subsequently, the defendant served notice to complete on 22 November 2022 and, following the claimant’s failure to complete, a notice of termination on January 9, 2023. Park issued these proceedings on 21 April 2023,” Cohen stated, as quoted by The Telegraph.
As both sides fight the disagreement in court, the matter is still pending.
- Location :
Delhi, India, India
