AKSHAR BUILDCON

Introduction

When it comes to buying property, choosing the right builder is essential for ensuring a smooth and successful purchase. In this post, we delve into the legal history of AKSHAR BUILDCON, a builder operating primarily in Gujarat. With some complaints and legal cases under their belt, potential buyers must consider the builder's reputation before making a decision.

Background of AKSHAR BUILDCON

AKSHAR BUILDCON has faced a total of 2 complaints, with 1 case won and 1 case lost, highlighting a mixed record in legal disputes. Both cases revolve primarily around the Real Estate (Regulation and Development) Act (RERA) regulations, which are designed to protect buyers in real estate transactions.

Legal Case Details

1. Case Lost by AKSHAR BUILDCON

In the case that AKSHAR BUILDCON lost, the crux of the issue was the failure to apply for an extension of a project completion date as mandated by RERA …

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The analysis of the cases filed by the builder Akshar Buildcon, which it lost, reveals crucial insights into the nature of disputes that frequently arose. The primary themes identified in these cases are regulatory non-compliance and penalties for project delays.

In terms of regulatory non-compliance, the cases indicate that Akshar Buildcon often contended with the Gujarat Real Estate Regulatory Authority (RERA) concerning their adherence to regulations. For instance, in one highlighted case, the builder failed to apply for a necessary extension three months prior to the scheduled completion date of a project, leading to a finding against them. This reflects a broader trend where the builder engaged in disputes primarily over claims of regulatory breaches rather than project delays caused by external factors or unforeseen circumstances.

On the topic of penalties for project delays, it becomes evident that Akshar Buildcon faced direct challenges from price penalties enforced by regulatory bodies …

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An analysis of the cases filed against the builder, AKSHAR BUILDCON, which the builder won, revealed key insights into the nature of disputes and the reasons behind them. The various cases filed against the builder can be grouped under several common themes, including 'Delayed Possession Claims,' which highlight concerns from buyers regarding the timely completion of projects, and 'Penalties for Project Delays,' where regulatory bodies imposed fines for perceived delays in project timelines. Additionally, legal disputes and regulatory compliance issues emerged as significant areas of contention, as indicated by claims of non-compliance with municipal orders or project extensions.

The primary reasons for the initiation of these cases included contesting penalties for delays, claims of project delays, and disagreements over compliance with regulatory requirements. Buyers and regulatory bodies often raised issues when they believed that projects were not progressing as scheduled, or when penalties were imposed, possibly leading to claims of …

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