AGRANTE REALTY LIMITED

Overview of Agrante Realty Limited

Agrante Realty Limited, a notable name in the Indian real estate market, is currently operational in three states: Madhya Pradesh, Chhattisgarh, and Haryana. However, its reputation is somewhat marred by legal disputes, accumulating a total of 21 complaints, with 12 cases lost and 9 won. This blog post will delve into the legal history of Agrante Realty Limited and what it means for potential buyers.

Legal Case Analysis

Patterns in Cases Lost

The builder has faced multiple setbacks in the legal arena, with three notable cases leading to losses. Here are some common threads:

1. Cancellation by the Applicant: In cases where the builder lost, one consistent factor was the cancellation of bookings initiated by the applicants due to personal financial or health issues. This illustrates a potential issue with how transactions are documented or managed.
2. Insufficient Evidence: The authority rejected a claim made by a plaintiff requesting a refund because he failed to provide adequate evidence. This points to a broader issue of clear documentation and communication that may affect the builder's reputation.

Patterns in Cases Won

On the flip side, Agrante Realty Limited has also won several cases. Commonalities among these successes include:

1. Mutual Withdrawals: A notable number of cases were resolved through mutual withdrawal, indicating a possible tendency for parties to reach amicable settlements outside of court proceedings.
2. Payment Disputes: In winning cases, Agrante Realty often found itself embroiled in disputes over unpaid balances or possession issues. Many verdicts were in favor of the builder if the applicant failed to fulfill their financial obligations according to agreements.
3. Clear Legal Compliance: The builder benefited from cases where they adhered strictly to legal and contractual obligations, thus establishing grounds for favorable rulings related to payment disputes or possession claims.

Conclusion

Agrante Realty Limited's legal history presents a mixed bag, revealing both challenges and moments of resolution. Potential buyers should approach this builder with caution, given the relatively high number of cases lost. It’s critical to scrutinize terms and ensure comprehensive documentation during transactions.

Tips for Potential Buyers

1. Conduct Thorough Research: Investigate past projects, legal history, and customer reviews to better understand the builder’s reputation.
2. Require Clear Documentation: Ensure all agreements, payments, and promises are documented clearly and concisely to protect your interests.
3. Understand the Legal Landscape: Familiarize yourself with your rights as a buyer and seek legal counsel before entering any agreements.

General Tips When Selecting Any Builder

• Look for Established Reputation: Opt for builders with a proven track record and positive reviews from previous buyers.
• Evaluate Financial Stability: Ensure the builder has a financial backing that supports project completion without unnecessary delays.
• Review Previous Projects: Inspect previous projects for quality, timely completion, and adherence to standards.

With careful consideration and thorough research, buyers can make informed decisions that enhance their chances of a positive real estate investment experience.

Analysis of the cases filed against Agrante Realty Limited, where the builder lost, revealed significant insights into the common themes and disputes associated with their projects.

The cases can be broadly categorized into several types, including delayed possession claims, payment disputes, interest refund claims, and parking allotment disputes. The delayed possession claims formed a major chunk of the cases, with multiple complainants alleging that the builder had failed to provide them with possession of their flats despite having made full payments. The builder's defense often revolved around claims of unforeseen circumstances, but the verdicts consistently favored the complainants, highlighting systemic issues in the builder's project management.

Payment disputes were another recurring theme. In several cases, the builder claimed that buyers had not paid the due amounts, while the buyers contended that they had adhered to the payment schedules. The authority typically sided with the buyers, stressing the importance of clear communication and adherence to established payment timelines.

Interest refund claims also stood out, with buyers seeking refunds due to delays or issues related to their flat purchases. The builder's position was often that buyers were not entitled to refunds until the project was completed, but the verdicts generally supported the buyers' rights to timely refunds and interest as mandated by regulatory rules.

Additionally, there were disputes regarding reserved parking, which highlighted the frustrations of buyers who had paid for parking spaces only to find none allocated to them. The builder's claim of sufficient parking availability was not validated, leading to a decision requiring the builder to assign parking numbers to the complainants.

A pattern emerges from these summaries: common triggers for litigation include delays in possession, misunderstandings about payment requirements, a lack of transparency regarding interest refunds, and failure to honor amenities promised to buyers. The builder's losses in these cases often stem from insufficient evidence to support their claims, failure to comply with regulatory requirements, or a general lack of responsiveness to buyer concerns.

Overall, this analysis serves as a cautionary tale for potential buyers considering projects by Agrante Realty Limited. It emphasizes the importance of thorough due diligence, ensuring clarity in payment terms, and understanding the legal frameworks surrounding real estate transactions before making significant financial commitments.

An analysis of the cases filed by the builder, Agrante Realty Limited, which it won, revealed the following information.

The disputes predominantly fall into three themes: Payment Disputes, Delayed Possession Claims, and Construction Quality Disputes.

In the realm of Payment Disputes, the builder frequently claimed that buyers had not fulfilled their financial obligations, specifically failing to pay the remaining sale consideration amounts. In multiple cases, the builder sought recovery of these outstanding amounts, highlighting the importance of adhering to payment schedules.

Delayed Possession Claims emerged as another common theme, with cases where buyers accused the builder of not providing possession in a timely manner. However, the builder successfully argued that these delays were often attributed to buyers' failure to complete their payments, which resulted in legal rulings in their favor.

Finally, Construction Quality Disputes surfaced in cases where buyers alleged that the builder did not meet construction standards. In these instances, the builder successfully refuted claims, demonstrating their compliance with agreed-upon standards and showcasing prior completion protocols that aligned with industry benchmarks.

The builder commonly brought these disputes to court for several reasons, including contesting unfair penalties imposed for project delays, disputing claims of inadequate construction, and seeking recompense for unpaid dues. A prominent pattern observed was the lack of substantial evidence from opposing parties which often led to favorable outcomes for Agrante Realty Limited.

Factors contributing to the builder's success in these cases included buyers' non-compliance with their contractual obligations and a general trend of insufficient evidence presented in their claims. The legal victories underscore Agrante Realty Limited's strong position in the face of claims that, at times, stem from misunderstandings about obligations under sales agreements. This trend illustrates that buyers might occasionally make exaggerated accusations, necessitating legal redress.

This analysis sheds light on the builder’s reputation and the surrounding real estate market dynamics. It highlights that amidst legitimate disputes, builders like Agrante Realty Limited have solid grounds for defending themselves against unjust claims, which serves as a reminder about the variability of buyer perceptions versus the actual legal landscape.

As potential buyers navigate the real estate market, the insights gleaned from these cases emphasize the importance of making informed decisions. While there are valid grievances in property dealings, the experiences of Agrante Realty Limited suggest that many claims stem from miscommunication or unfounded accusations. Therefore, buyers are encouraged to scrutinize claims critically and seek reliable, comprehensive information to form balanced perspectives about builders.

An analysis of the cases filed against the builder Agrante Realty Limited, which the builder won, revealed the following information. These cases can be broadly categorized into three primary themes: Financial Disputes, Claim for Refunds and Deposits, and Cancellation and Responsibility Issues.

Under the theme of Financial Disputes, there were claims related to non-payment of interest amounts on home loans. In these instances, buyers sought relief due to perceived financial grievances against the builder, leading to a formal complaint.

The second theme, Claim for Refunds and Deposits, witnessed plaintiffs arguing for the return of their deposits made towards property purchases. These claims often revolved around allegations that the builders failed to deliver or comply with agreed terms.

The last theme, Cancellation and Responsibility Issues, highlighted disputes where buyers canceled their bookings citing personal circumstances such as financial issues. This resulted in conflicting claims regarding who bore the responsibility for the cancellation and any resultant obligations.

The primary reasons these cases were brought to court included contesting penalties, claims of project delays, or disagreements over deposit issues. A noticeable pattern emerged where buyers seemed to rely heavily on emotional or circumstantial arguments, often neglecting sufficient documentation or evidence to support their claims.

The common reasons the builder, Agrante Realty Limited, won these cases centered around the lack of compelling evidence from the opposing parties. In several instances, complaints were dismissed because plaintiffs failed to produce necessary documentation, which is essential in substantiating claims. Furthermore, allegations often stemmed from buyers’ personal circumstances rather than the builders' fault, showcasing misunderstandings in the project’s handling or regulatory adherence.

This analysis sheds light on Agrante Realty Limited’s reputation as a builder that can effectively defend itself against unjust or exaggerated claims. It highlights a critical aspect of the real estate market, where buyers may sometimes enter disputes without proper foresight, leading to unforeseen legal battles.

For potential buyers, this serves as a vital message: it is important to make informed decisions before entering into agreements or filing claims. While legitimate disputes exist in real estate, the cases analyzed indicate that builders like Agrante Realty Limited can successfully navigate accusations when wrongly targeted. Prospective buyers are encouraged to approach claims skeptically, ascertain reliable information, and ensure they fully understand the terms of their engagements with builders. This careful approach can protect them from legal escalations and facilitate smoother transactions in the real estate market.