| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering a property investment, understanding the reliability and performance of builders is crucial. In this blog post, we take a closer look at Aakar Builders and Developers, their legal history, and what potential buyers should keep in mind.
Overview of Aakar Builders and Developers
AAKAR BUILDERS AND DEVELOPERS is a real estate developer primarily active in Madhya Pradesh. Their reputation is critical for prospective buyers, especially when evaluating their track record in legal disputes. With a record of one complaint filed against them and one case won, zero lost cases may seem favorable at first glance. However, the context of the one case won is essential to consider.
Legal Case Details
Examining the details of the legal case involving Aakar Builders sheds light on the nature of complaints in the real estate domain:
- Complaint Summary: An applicant invested Rs. 25 lakhs in July 2003, expecting a return of …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, AAKAR BUILDERS AND DEVELOPERS, which the builder won, revealed the following information.
Disputes over Investment Returns:
One of the primary themes identified revolves around disputes concerning promised returns on investments. In the case shared, an applicant claimed to have invested a substantial sum with the expectation of receiving a significantly higher return within a stipulated timeframe. Issues of unreturned funds or disputed amounts often bring such cases to court.
Regulatory Compliance Disputes:
Another recurring theme includes disputes over whether certain cases fall under regulatory frameworks such as RERA (Real Estate Regulatory Authority). The regulatory body held that a particular dispute was not within its jurisdiction, indicating that these cases often stem from misunderstandings about legal frameworks or misinterpretations of contractual obligations.
The reasons prompting these cases to be brought to court commonly stem from claims of unmet financial expectations and …
Individual case details available for subscribers.
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