| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When it comes to investing in real estate, choosing the right builder is crucial. One such builder, 360 Buildcon Private, has garnered attention due to its limited track record of legal disputes. This blog post aims to provide an analysis of the builder based on available data, shedding light on potential buyers’ considerations.
Overview of 360 Buildcon Private
360 Buildcon Private operates primarily in Gujarat and has faced a total of one complaint in its operational history. The outcome of this complaint revealed that the builder did not win any legal battles, suggesting a lack of favorable judgments in disputes.
Legal Case Details
One notable case illustrates the challenges related to transactions with 360 Buildcon Private:
- Case Summary: The complainant alleged that a payment of Rs. 9,45,000 was made towards a flat in the '360 Residency' project. However, the samawala sold the same flat to another individual without refunding the initial payment.
- Outcome: The authority ordered the complainant to pay Rs. 5,30,000 to the samawala. This indicates a legal ruling that did not favor the complainant, raising concerns about the trustworthiness of contractual dealings involving this builder.
Patterns in Legal Cases
Lost Case Analysis
The case lost against 360 Buildcon Private revolves around issues of contractual agreement breaches and mismanagement of funds. The key takeaway from this situation is the builder's failure to address or refute the allegations posed by the complainant, which is a worrying sign for potential investors. A lack of responses or defenses can reflect a broader trend of inadequate customer service or oversight within the project management aspects of the builder.
Won Case Analysis
Interestingly, while there is one recorded case where the builder lost, it seems there are no cases won by the builder within the provided timeframe. The absence of successful legal outcomes can be interpreted as a poor track record when it comes to settling disputes favorably or defending their practices against complaints. Potential buyers may want to consider this aspect seriously when evaluating their options.
Conclusion and Overall Assessment
Based on the available data, 360 Buildcon Private displays a concerning trend in legal disputes, especially with their inability to win cases in a way that positively reflects their business practices. With only one complaint on record resulting in a significant financial loss to the complainant, potential buyers should approach this builder with caution.
Tips for Potential Buyers Considering 360 Buildcon Private
- Research Thoroughly: Investigate all available data on the builder, including customer reviews and feedback from past clients.
- Consult Legal Experts: If you decide to proceed, consider consulting with a legal professional to understand your rights and any potential risks before signing contracts.
- Insist on Transparency: Demand clarity on project details and ensure there are proper channels for communication in case of future concerns.
- Terms of Payment: Be cautious with upfront payments and understand the terms related to refunds in case of disputes.
General Tips for Buyers When Selecting Any Builder
- Check Legal History: Before committing, check the builder's legal history and any complaints filed against them.
- Visit Completed Projects: Walk through previous projects completed by the builder to gauge the quality of work and ask current residents about their experiences.
- Review Contracts Carefully: Make sure to read through all contracts and legal obligations thoroughly to avoid hidden clauses that may affect your rights.
- Seek Recommendations: Leverage recommendations from friends or family who have prior experience with builders in the market.
In conclusion, while 360 Buildcon Private has limited data to examine, it is crucial for potential buyers to remain vigilant, conduct thorough research, and ensure clarity in all dealings.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against 360 Buildcon Private, where the builder lost, reveals several key points across the disputes.
The primary theme in the reported case revolves around "Disputes over Flat Sales and Refunds." This involves situations where buyers claim to have made substantial payments towards property acquisition, only to find that the builder has sold the same property to another buyer without their knowledge or consent, and without providing a refund as mandated.
Common reasons for bringing such cases to court include the buyer's attempt to recover their investment and the emotional distress caused by what they perceive as betrayal by the builder. In the sole case summarized, the complainant highlighted the risk of double sales, which is a significant breach of trust and contract in real estate transactions.
The builder's defense in these cases is often minimal or nonexistent, as seen in the example where the builder failed to file a reply to the complaint. This lack of response may indicate a pattern where builders, when faced with clear violations of their commitments, opt to neglect their legal obligations rather than address the grievances transparently.
The verdicts in these disputes typically favor the complainants, stressing the need for builders to uphold their end of the agreements. In this case, the authority ordered compensation to be paid to the buyer, acknowledging the builder's failure to uphold contractual obligations.
Overall, the analysis shows that 360 Buildcon Private has faced legal challenges primarily due to its failure to manage property sales ethically and transparently. Buyers should be cautious and thoroughly investigate a builder’s reputation, track record, and regulatory compliance before making any financial commitments.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| CMP/A/OFFLINE/AHMED… | Gujarat | The complainant, Shri Girishbhai Rasiklal Shah, f… | ["Refund of amount … | {"appellant_claim": "The complainant claimed that… | Shri Girishbhai Ras… | 360 Buildcon Private | https://drive.google.com/uc?id=1i3kdrCOsktGhnZw3XMrPd8Hmo70s1ZXv |