| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the world of real estate, choosing the right builder is paramount to ensuring a smooth home-buying experience. Today, we will take a closer look at Aakriti Eco City, a builder based in Madhya Pradesh, analyzing their legal track record, and providing valuable insights for potential buyers.
Legal Background of Aakriti Eco City
Aakriti Eco City has faced a total of 2 legal complaints, out of which they have lost both cases. This raises significant concerns for prospective buyers regarding reliability and trust in their operations.
Details of Legal Cases
Cases Lost
- First Case Summary:
- Claim: The appellant sought compensation for delays in possession of a duplex, citing mental distress and loss of income tax exemption.
- Response: The builder attributed the delays to unforeseen circumstances and claimed the applicant had not paid the full price.
- Verdict: Compensation was awarded at Rs. 40,000 per month until actual possession was granted.
- …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Aakriti Eco City, where the builder lost, revealed significant insights into the common themes and disputes surrounding their projects. The cases can be broadly categorized into two main topics: Delayed Possession Claims and Refund and Compensation Disputes.
The Delayed Possession Claims involve cases where buyers sought compensation for the inability of the builder to deliver possession of their duplex buildings on time. As exemplified in the first case, the applicant claimed compensation at the rate of Rs. 40,000 per month till the date of actual possession, citing reasons like loss of income tax exemption and mental distress. The builder's defense often revolved around unforeseen circumstances and the buyers' alleged failure to pay the full consideration amount. However, the adjudicating officer ruled in favor of the applicants, indicating a pattern where builders may not fulfill their commitment timelines, leading to legal consequences.
Refund and …
Individual case details available for subscribers.
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