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AEGIS VALUE HOMES LIMITED

  • No of Complaints: 14
  • States (Active in): Haryana
CIN U70109DL2012PLC235725
Year Established 11-May-12
Address 55, 2nd Floor, Lane-2, Westend Marg, Saidullajab, Near Saket Metro Station New Delhi South Delhi DL 110030 IN
Company Status Public

Introduction

In the ever-evolving world of real estate, selecting the right builder is crucial for both the quality of a home and the overall buying experience. AEGIS VALUE HOMES Limited, actively operating in Haryana, has recently garnered attention due to its legal track record. This blog post delves into the builder's number of complaints and their outcomes, providing insights for potential buyers.

Overview of AEGIS VALUE HOMES Limited

AEGIS VALUE HOMES Limited has faced a total of 14 complaints. Out of these, the builder has won 5 cases and lost 9 cases. This statistic reflects a legal environment that potential buyers should consider carefully, as it might indicate the builder's operational efficiency and customer satisfaction levels.

Analysis of Legal Cases

Patterns in Lost Cases

The cases lost by AEGIS VALUE HOMES Limited typically show some common trends:

  1. Settlements: A significant number of cases that the builder lost were deemed settled after disputes were resolved amicably, leading complainants to withdraw their complaints. Such instances suggest that while the builder may lose in court, they often choose to settle disputes out of court, which can indicate an effort to maintain customer relations.
  2. Absence of Claims by Respondents: In several lost cases, no substantial claims were filed by the builder in response to the complaints. This suggests a potential lack of defense mechanisms or unwillingness to counter claims strongly.
  3. Administrative Issues: Some cases reflect issues such as the need to provide additional documentation or administrative setbacks, indicating that the builder may have faced challenges in operational processes.

Patterns in Won Cases

On the other hand, the successful outcomes for AEGIS VALUE HOMES Limited, while fewer, reveal the following trends:

  1. Refund and Interest Claims: Many of the cases won by the builder revolved around disputes over refunds and the timeliness of possession. In these instances, the authorities have ruled in favor of AEGIS due to the complainants’ defaults or lack of valid claims.
  2. Settled Disputes: Similar to the lost cases, several won cases were settled amicably, showing a pattern where both parties preferred to negotiate terms rather than proceed with extended litigation.
  3. Authority Satisfaction: The authority's rulings often sided with the builder after determining merit in their defense, especially when the complainant was deemed at fault for contract breaches.

Conclusion

The track record of AEGIS VALUE HOMES Limited presents a mixed picture. With 14 complaints leading to 9 losses, potential buyers should approach with caution. It's crucial to assess the completeness of the legal process before committing to a purchase with this builder. The ability to amicably settle disputes may bode well for customer relations but raises concerns about the frequency of complaints.

Tips for Potential Buyers

  1. Conduct Thorough Research: Investigate past projects and customer reviews to get a sense of the builder's reputation and operational practices.
  2. Clarify Terms Before Purchase: Understanding every detail of the contract, especially regarding possession timelines and refund policies, can save potential headaches in the long run.
  3. Consider Legal Opinions: If possible, consult with a legal expert to review the builder’s history and potential risks associated with their operations.

General Tips for Selecting a Builder

  • Examine the Builder’s Past Projects: A successful history of completed projects serves as a reliable indicator of future performance.
  • Scrutinize Complaints and Resolutions: Look into how many complaints have been raised and how they were resolved, as this could hint at the builder’s service orientation.
  • Prioritize Transparency: Choose a builder who maintains clear communication and is open about the project status and any potential challenges.

In summary, understanding AEGIS VALUE HOMES Limited's legal history can empower buyers to make informed decisions about their investments in real estate.

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Delayed Possession Claims Refund Disputes Fabrication of Documents Default in Obligations Settlement Cases

Analysis of the cases filed against AEGIS VALUE HOMES Limited, where the builder lost, reveals several key themes and patterns across the disputes. The cases can be broadly categorized into types that highlight the common grievances of the complainants and the builder's recurrent failures in addressing these concerns.

The first significant theme is Delayed Possession Claims. In multiple instances, complainants sought refunds due to the builder's inability to deliver possession within the stipulated time. For example, in one case, the builder attributed the delay to unforeseen circumstances, but this defense did not stand, and the authority directed a refund along with interest at the rate of 10.75%. This indicates a serious concern regarding the builder's project management capabilities and adherence to timelines.

Refund Disputes constitute another major theme. Many complainants sought refunds based on various grounds, such as the builder's cancellation of the allotment due to alleged default due to the agreement. Interestingly, the authority often found in favor of the complainants, highlighting issues with the builder's practices regarding allotment cancellations and refunds.

Fabrication of Documents is also a notable theme, where the builder accused complainants of submitting false bills. However, the outcomes do not specify how these allegations were resolved, suggesting that they may not have been credible or sufficient to influence the final verdicts.

Default in Obligations is a theme that overlaps with refund disputes. The builder claimed that certain complainants had defaulted on their obligations, which led to the cancellation of their units. However, the authorities' decisions once again point to a lack of clarity or fairness in how AEGIS VALUE HOMES handled these defaults.

Lastly, Settlement Cases demonstrate that some disputes were resolved amicably, or at least to the satisfaction of the parties involved, as several cases were settled or withdrawn. However, one notable case was dismissed due to non-prosecution, which raises questions about the builder's legal practices and accountability.

The common reasons people brought cases to court primarily revolved around delays in possession and the builder's subsequent failure to meet contractual obligations, resulting in claims for refunds and interest. There was also a prevalent distrust regarding document submissions and the builder's accusations of fabrication, which reflects a broader issue of communication and trust between the builder and its clients.

AEGIS VALUE HOMES Limited lost these cases largely due to a combination of insufficient evidence to support their claims, non-compliance with the agreed-upon timelines, and an inability to fulfill their obligations as a builder. The recurring themes of delays and refund disputes highlight significant operational and procedural shortcomings within the company.

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
08/2020 Haryana Complaint regarding non-payment of refund by resp… ["Refund dispute"] {"appellant_claim(in detail)": "The complainant s… Sakshi Chawla Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/Njg3NDA=
960 of 2021 Haryana Complaint settled between parties, complainant wi… ["Settled dispute",… {"appellant_claim(in detail)": "The complainant, … Pramila Singh Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTA2NDg3
1, COMPLAINT NO. 72… Haryana The case was deemed settled between the parties, … ["Settlement"] {"appellant_claim": "Not provided", "respondent_c… Shamsher Singh Malik Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTEyMDM0
649 of 2019 Haryana Complainant sought refund of amount paid along wi… ["Delayed possessio… {"appellant_claim": "Complainant claimed that res… Mrs. Jyoti Chopra Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTc0MTI3
1133 of 2019 Haryana Complainants requested withdrawal of complaints, … ["Withdrawal of com… {"appellant_claim": "Complainants requested withd… Abhishek Tyagi Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/OTc2NTU=
2217 of 2019 Haryana Complainant sought refund of amount deposited by … ["Refund of deposit… {"appellant_claim(in detail)": "Complainant sough… Sajid Ali Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTc0MDkz
Withdrawal of Complaints Submission of Documentation Claims Regarding Fees

An analysis of the cases filed against the builder, AEGIS VALUE HOMES Limited, which the builder won, revealed several interesting insights into the nature of disputes faced by the company. The cases can be grouped into three primary themes: withdrawal of complaints, submission of documentation, and claims regarding fees.

  1. Withdrawal of Complaints: Multiple cases involved complainants who requested to withdraw their complaints. This leads to a pattern suggesting that some disputes may arise out of misunderstandings or potentially inflated grievances that the complainants chose not to pursue, reflecting either a lack of conviction in their claims or a resolution reached outside the court.
  2. Submission of Documentation: One notable case saw the disposal of the matter after the submission of documents related to the SWAMIH fund. This indicates that the builder was able to provide substantial, relevant evidence to address historical concerns, thereby resolving disputes through the provision of required documentation.
  3. Claims Regarding Fees: In one case, the builder's successful defense included the assertion that they had deposited the deficit registration fee as directed by the Authority. Such claims typically manifest when there are disagreements about regulatory compliance or financial obligations in projects.

The reasons for bringing these cases to court often relate to contesting claimed penalties, asserting allegations of project delays, or seeking clarification on financial obligations—including fees. A prevalent theme is the apparent misalignment in expectations or a lack of understanding regarding compliance requirements. This culminates in buyers or regulatory bodies initiating legal actions, which can stem from a multitude of perceptions regarding builder performance or contract fulfillment.

AEGIS VALUE HOMES Limited won these cases predominantly due to strong defenses that highlighted deficiencies in the complainants' evidence, the absence of formal complaints, or the builder's ability to demonstrate compliance with legal or regulatory stipulations. The outcomes suggest that, in several instances, claims made against the builder were either poorly substantiated or subject to misinterpretations of regulations or contractual obligations.

This analysis provides valuable insights into the builder’s standing within the real estate market. AEGIS VALUE HOMES Limited appears to maintain a strong track record in defending against unjust claims, which may reflect either a reputation for reliability or a strategic approach to addressing potential disputes before they escalate. However, it's also a reminder that buyers can sometimes, whether intentionally or due to misunderstandings, make false accusations against builders, leading to unnecessary legal entanglements.

In conclusion, potential buyers should exercise caution and diligence when navigating the real estate market. While there are legitimate disputes, the analysis of the cases involving AEGIS VALUE HOMES Limited indicates that the builder effectively defends itself against unjust claims. Therefore, buyers are encouraged to seek out reliable information and undertake thorough research to form well-informed opinions about a builder's reputation, guaranteeing their investments are secure.

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
1955 of 2019 Haryana The respondent deposited the deficit registration… ["Deficit registrat… {"appellant_claim": "", "respondent_claim": "The … Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTc1MDk=
594 of 2021 Haryana Complaint against Aegis Value Homes Ltd. disposed… ["SWAMIH fund"] {"appellant_claim(in detail)": "Not provided", "r… Haryana Real Estate… Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/ODMzODA=
607 of 2021 Haryana Complaint settled amicably between parties. Compl… ["Settlement"] {"appellant_claim(in detail)": "Not provided", "r… Pramila Singh Aegis Value Homes L… https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTA1MDUz

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