| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the competitive realm of real estate, selecting the right builder is a critical step for potential homebuyers. Today, we delve into the performance of Akshar Developers, examining their legal track record, common issues they face, and what this means for prospective buyers.
Overview of Akshar Developers
Akshar Developers has recorded a total of 2 complaints, resulting in an equal split of cases won and lost. With operations primarily in Maharashtra, they have shown mixed outcomes in their legal encounters, indicating some degree of inconsistency in their operations.Legal Case Performance
Cases Won
- Total Cases Won: 1
- Summary: The builder successfully resolved a legal matter through an amicable settlement, leading to the withdrawal of the review application. This suggests that they are open to negotiation and finding mutual agreements, which can be a beneficial quality in a builder.
Cases Lost
- Total Cases Lost: 1
- Summary: In a …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Akshar Developers, where the builder lost, reveals several key themes and key patterns in the disputes. The cases primarily revolve around three common themes: delayed possession claims, violations of RERA provisions, and disputes over payment requirements.
The most significant theme among these cases is the delayed possession claim. In this type of case, the appellants often claimed that the builder had failed to deliver possession of their real estate units on time, which is a fundamental expectation in any property purchase. This delay usually led to a violation of the RERA (Real Estate Regulatory Authority) provisions, specifically Section 14, which mandates timely possession.
Another recurring theme is the dispute over payment requirements. The builder frequently claimed that delays were caused by appellants who had not paid the required amounts, asserting that their financial obligations were critical to timely project completion. However, the …
Individual case details available for subscribers.
Cases Won by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder, Akshar Developers, which it won, revealed the following information. The primary theme identified in these cases is the resolution of disputes through amicable settlements. This indicates a proactive approach by the builder to engage in dialogue and find solutions outside of courtrooms.
While the specific claims made by both parties in these cases were not detailed, it can be inferred that the disputes may have included various issues typical in real estate disputes, such as delayed possession or contractual disagreements. The fact that these matters concluded with the withdrawal of review applications suggests that both parties found common ground, emphasizing the importance of negotiation in the real estate sector.
The common reasons Akshar Developers brought these cases to court could include contesting penalties or addressing grievances brought forth by buyers or regulatory authorities. With many builders facing penalties related to project …
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