ADEQUATE REALTECH PRIVATE LIMITED

Introduction

In the ever-evolving real estate market, selecting a trustworthy builder is crucial for potential home buyers. One such builder, Adequate Realtech Private Limited, has garnered attention for its performance in legal matters and project delivery. This blog post delves into their legal track record, examining the complaints, case outcomes, and offering insights for prospective buyers.

Legal and Performance Overview

Adequate Realtech Private Limited has found itself in the legal crosshairs with a total of 2 complaints formally lodged against them. Notably, the builder has not seen a favorable outcome in these cases, as they lost both. This raises questions about the firm’s operational practices and reliability in meeting obligations towards clients.

Details of Legal Cases

• Nature of Complaints: In both instances, the complaints revolved around the claim that the builder failed to provide possession of the apartment within the stipulated time frame, alongside concerns regarding necessary payments.
• Builder's Response: The builder maintained their stance that they had not failed in delivering possession and that payments were made as required.
• Verdicts: Ultimately, the authority directed Adequate Realtech to ensure payment and possession within a stipulated period while also mandating the complainants to pay delayed possession charges.

Analyzing the Legal Landscape

Patterns in Lost Cases

The common factor in both cases lost by Adequate Realtech is centered around claims of delayed possession. This suggests a potential systemic issue within project delivery timelines or management practices. The consistent allegations from complainants indicate homeowners’ dissatisfaction with the builder’s fulfillment of contractual obligations.

Patterns in Won Cases

Interestingly, both cases where Adequate Realtech was deemed not at fault had similar circumstances; despite the builder losing, the rulings revealed that the authority found aspects of the complainants’ claims equally problematic, instructing them to incurr further charges. Nevertheless, it’s worth noting that the builder has not won any cases, which could be indicative of susceptibility to future claims as customers may view the builder's performance through a lens of prior complaints.

Conclusion: A Comprehensive Assessment

Given the track record of Adequate Realtech Private Limited, potential buyers should proceed with caution. Their legal history spotlighting complaints and losses should act as a warning flag. It’s crucial to weigh their project offerings against the risk of delayed possession and unresolved disputes.

Tips for Potential Buyers

1. Research: Before making a purchase, thoroughly investigate the builder’s background, including reviews and complaints.
2. Seek Transparency: Ask for documentation that outlines project timelines, payment structures, and delivery promises.
3. Examine Previous Projects: Visit previous projects where the builder has delivered units to gauge satisfaction levels among existing homeowners.
4. Consider Legal History: Acknowledge any past complaints and the outcomes to understand potential risks going forward.

General Tips When Selecting a Builder

• Ensure that the builder has a valid license and complies with all local real estate regulations.
• Review contracts carefully, and do not hesitate to request changes to protect your interests.
• Establish clear lines of communication with the builder to track progress and raise any concerns promptly.
• Involve a real estate agent or legal expert to navigate the complexities of real estate transactions effectively.

By taking these precautions, home buyers can better navigate the intricacies of choosing a builder and minimize the risks associated with property purchases.

Analysis of the cases filed against Adequate Realtech Private Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around two main topics: delayed possession claims and failures to make requisite payments.

In the cases summarized, the builder's promoters consistently claimed that the respondents failed to take possession of their apartments within the agreed-upon timeframes and had not completed the necessary payments. However, the respondents countered these claims by asserting that they had indeed fulfilled their obligations. The authority presiding over these disputes determined that the respondents were correct and directed the builder to pay delayed possession charges, highlighting systemic issues in the builder's accounting and possession practices.

The most common reason for litigation in these cases was the builder's mistaken claims of non-compliance with payment and possession timelines. This led to a pattern of disputes that could have been avoided had the builder maintained accurate records or clearer communication with the respondents.

The builder lost these cases primarily due to a lack of evidence supporting their claims, coupled with a failure to adhere to the established timelines for possession and payment. The decisions highlight a need for Adequate Realtech to review its operational practices, ensuring transparency and accuracy in both their financial dealings and their communications regarding property possession.