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In the competitive world of real estate, making an informed decision about builders is crucial for potential homeowners. AKG Affordable Housing Private Limited is a name you may come across if you are exploring property options in Rajasthan. This blog delves into the builder’s track record, particularly focusing on legal challenges, and what potential buyers should consider before making a purchase.
AKG Affordable Housing Private Limited has faced a total of 9 complaints, out of which 8 cases were lost and only 1 case was won. This heavily tilted outcome raises flags about the builder's reliability and commitment to fulfilling obligations towards buyers.
The one case the builder lost was a dispute where the complainant claimed to be aggrieved in a real estate matter. The crux of the verdict hinged on the assertion that the complainant was not an allottee, thus deemed not an aggrieved party. This incident reveals a critical insight: potential buyers should ensure that their transactions are documented properly to avoid being considered outsiders in case of disputes.
Conversely, in the 8 cases won by AKG, a consistent pattern emerges where complainants claimed that the builder failed to deliver possession of flats. The builder defended by citing unforeseen circumstances that delayed project completion and committed to refunds with interest for deposits made. Notably, the rulings consistently required the builder to refund amounts with interest calculated at rates stipulated in the agreements. This pattern may provide some assurance to prospective buyers that if refunds are necessitated, the builder is likely to abide by authority directives.
Based on the provided data, AKG Affordable Housing Private Limited presents a mixed bag for potential buyers. The significant number of lost cases indicates a concerning trend regarding consumer trust and fulfillment of obligations. However, the builder's compliance with refund directives could indicate a degree of accountability and acknowledgment of buyer grievances.
In summary, while AKG Affordable Housing Private Limited may have some potential as a builder, prospective buyers are urged to proceed with caution and diligence.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against AKG Affordable Housing Private Limited, where the builder lost, revealed several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Refund of Deposited Amounts with Interest.
The majority of the cases revolved around Delayed Possession Claims, where the complainants asserted that the builder failed to deliver possession of flats despite repeated assurances and allurements. In these cases, the builder consistently claimed that possession would be delivered by a specified date (31.03.2020), but cited unforeseen circumstances for the delays. However, the authority did not accept this defense and ultimately directed the builder to refund the deposited amounts with interest in each case.
The second significant theme was the Refund of Deposited Amounts with Interest. Complainants often sought refunds due to the builder’s inability to fulfill their promises of timely possession. The builder's responses indicated a willingness to refund amounts with interest, but the decisions from the authority emphasized the need for prompt action, often mandating refunds within a specified timeframe (45 days).
A common trigger for litigation in these cases was the builder's inability to meet promised deadlines and deliver possession of properties on time. People brought cases to contest the builder's failure to adhere to agreements and provide timely refunds. The builder's repeated losses suggest a systemic issue with adherence to timelines and clear communication of expectations to buyers.
The builder lost these cases primarily due to a combination of factors: insufficient evidence to support their claims of unforeseen circumstances, failure to meet contractual obligations for timely possession, and a lack of compliance with the authority's directives regarding refunds and interest payments. The outcomes highlight the importance of transparency and reliability in real estate transactions, and the need for builders to fulfill their commitments to buyers.
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 |
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RAJRERA-C-2020-3800 | Rajasthan | The complainants, Gokul Singh and Sanjay SK Khand… | ["Refund of deposit… | {"appellant_claim": "The complainants claimed ref… | Sanjay SK Khandelwal | AKG Affordable Hous… | https://rera.rajasthan.gov.in/Content/pdf/80842020-3800.pdf |
RAJRERA-C-2020-3813… | Rajasthan | Complainants Laxmi Devi and Rekha Arya filed case… | ["Failure to delive… | {"appellant_claim": "The complainants claimed tha… | Rekha Arya | AKG Affordable Hous… | https://rera.rajasthan.gov.in/Content/pdf/57512020-3813.pdf |
Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder, AKG Affordable Housing Private Limited, which the builder won, revealed the following information. The disputes primarily revolved around issues of allottee status, where complainants claimed to be aggrieved parties in real estate transactions, asserting their rights to seek recourse. However, the builder effectively defended itself by proving that many of these complainants were not actual allottees, therefore lacking the legal standing to file grievances.
The key reasons these cases made their way to court include contesting the legality and validity of claims made by individuals who either misinterpreted their allottee status or made accusations without sufficient evidence. These disputes often stemmed from misunderstandings regarding property entitlements or alleged issues with project timelines and expectations, but when examined closely, it became evident that the builder maintained compliance with contractual and legal obligations.
A common theme in the builder's victories revolves around the opposing parties' failures to establish the necessary legal basis for their claims. The builder successfully highlighted the absence of evidence, the lack of formal allotment agreements, and misunderstandings about the legal definitions of allottee and aggrieved party. This underscores a broader trend in which certain claims against builders can stem from misinterpretations or exaggerated assertions by potential buyers or third parties.
This analysis not only sheds light on the builder's capacity to navigate legal challenges but also points to the complexities of the real estate landscape. It demonstrates that while there are indeed legitimate concerns within the market, accusations may often be unsubstantiated, leading to unfounded legal battles. AKG Affordable Housing Private Limited's track record indicates a builder capable of defending itself against what can sometimes be misleading or false claims from plaintiffs.
In conclusion, it is imperative for potential buyers to exercise caution and diligence when evaluating claims against builders. The landscape of real estate can be fraught with disputes that arise from miscommunication or false narratives. Buyers are advised to conduct thorough research and gather reliable information before drawing conclusions about a builder's reputation, as builders like AKG Affordable Housing Private Limited have demonstrated a robust ability to defend against unjust accusations.
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 |
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RAJRERA-C-2020-3777 | Rajasthan | Complaint filed by Vishnu Kumar Bansal against AK… | ["Real Estate Dispu… | {"appellant_claim": "Complainant claimed to be an… | Vishnu Kumar Bansal | AKG Affordable Hous… | https://rera.rajasthan.gov.in/Content/pdf/19582020-3777.pdf |