AAKRITHI CONSTRUCTIONS

Introduction

In the highly competitive world of real estate, selecting the right builder is crucial for prospective homeowners. One such entity that has captured attention in Telangana is Aakrithi Constructions. While no construction company is immune to scrutiny, a close examination of Aakrithi Constructions reveals notable aspects of its legal history and operational patterns. This blog post will delve into the complaints against the builder, the outcomes of any legal actions, and considerations for potential buyers.

Builder Overview

• Name: Aakrithi Constructions
• States with Projects: Telangana
• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

Legal Case Analysis

Summary of the Case

In the solitary case filed against Aakrithi Constructions, the complainant booked a flat in the project 'Aakriti ESTA', registered with TS RERA. The key points from this legal action include:

• Complainant's Claims: The complainant alleged that Aakrithi Constructions failed to hand over the flat within the agreed timeframe, did not complete the work as per the promotional brochure, and subsequently sought full payment despite the deficiencies.
• Builder's Defense: In defense, the builder refuted all allegations, maintaining that an escrow account was in place, and asserted that the complainant was asked to pay the remaining balance but had defaulted on these payments. Furthermore, they claimed that their construction was compliant with permissions from relevant authorities.
• Final Verdict: The case concluded with TS RERA directing Aakrithi Constructions to refund the amounts paid by the complainant, including interest at the rate of 10.5% from the date of default (07.09.2021) until 31.10.2023.

Analysis of Patterns

Complaints and Cases Lost

The single complaint against Aakrithi Constructions reflects a pattern often seen in the real estate industry, where delays in project delivery or inconsistencies in construction quality can lead to disputes. In this instance, the failure to deliver the flat as promised triggered a legal confrontation, which ultimately resulted in a loss for the builder.

Cases Won

It is noteworthy that the builder has not had any cases won, suggesting that their legal defenses may not be robust when faced with customer complaints. This might indicate challenges in their operational management or customer relations that need addressing.

Conclusion

Based on the available data, Aakrithi Constructions exhibits a concerning legal track record with one lost case and no victories. For potential buyers, these legal outcomes could serve as a red flag, necessitating thorough due diligence.

Tips for Potential Buyers

1. Research Thoroughly: Investigate the builder's past projects and customer reviews to get a sense of their reputation in the market.
2. Check Legal Standing: Look into any legal cases or complaints that may have been filed against the builder. A clean record is preferable.
3. Understand Your Rights: Familiarize yourself with your rights as a buyer under local real estate laws and regulations, especially regarding delays and quality discrepancies.

General Tips for Buying from Builders

• Always demand transparency in the construction process and payment schedules.
• Request detailed documentation, including project timelines and quality assurances.
• Consider engaging with previous customers of the builder before making a purchase decision.

In conclusion, while Aakrithi Constructions has made strides in the Telangana real estate landscape, prospective buyers should proceed with caution and conduct thorough research before committing to any investments.

Analysis of the cases filed against Aakrithi Constructions, where the builder lost, reveals several key themes across the disputes. The cases primarily revolve around delayed possession claims, payment disputes, and the builder's compliance with contractual obligations.

Many of the complaints made by the buyers concern the builder's failure to deliver units within the promised timelines. For instance, in the case of the project 'Aakriti ESTA,' the buyer booked a flat and alleged that the builder had not only missed the deadline for handover but had also completed the work without adhering to the specifications outlined in the brochure. This highlights a pattern where buyers contest the builder’s assurances regarding timeline and quality of construction, leading to delayed possession claims.

Payment disputes constitute another significant theme in these cases. Buyers often stopped making payments when their expectations weren't met, only to be asked for the balance by the builder, which further aggravated the situation. The builder’s denial of any wrongdoing and their claim of maintaining proper escrow accounts indicate a systemic issue in communication and trust between buyers and builders. Buyers commonly dispute the builder’s claims of having fulfilled their obligations, asserting that the latter failed to provide timely refunds or complete projects as promised.

The reasons people brought cases to court primarily revolved around the builder’s failure to honor agreements, resulting in dissatisfaction with the delivery timeline and quality of the project. Buyers felt cheated when full payment was sought without complete fulfillment of contractual obligations, which led to a series of legal battles.

The builder lost these cases primarily due to their inability to meet the promised timelines and specifications, along with a lack of transparency in dealing with buyers' payments and expectations. The ruling by TS RERA emphasizing the need to refund payments along with interest showcases a legal recognition of the builders' failure to comply with regulatory requirements and contractual commitments.

In conclusion, the cases against Aakrithi Constructions serve as a cautionary tale for potential buyers regarding the importance of thorough due diligence and ensuring that builders adhere to timelines and specifications throughout construction projects.