ALTAIR INFRASPACE PRIVATE

Overview of Altair Infraspace Private

When it comes to choosing a trustworthy builder for your cornerstone investment, evaluating their track record is essential. Altair Infraspace Private, a company based in Gujarat, has garnered attention due to its legal history. This blog delves into the complaints against the builder, their resolutions, and offers insights and tips for potential buyers.

Legal Case Overview

The builder Altair Infraspace Private currently faces one recorded complaint, resulting in a loss for the builder in a legal case. Here’s a detailed review of the situation:

1. Case Details:
   - Complaint Origin: The appellant claimed to have paid Rs. 1,75,000 for a flat but did not receive possession nor a refund for the amount.
   - Builder's Defense: The builder contended that there was a settlement where the appellant was expected to pay an additional Rs. 2,25,000.
   - Verdict: Ultimately, the authority ruled in favor of the complainant, mandating the builder to return the original amount along with interest.

Analysis of Legal Outcomes

Cases Lost

• Common Factor: The singular case lost by Altair Infraspace Private reveals issues with transactions concerning payments and possession of property. It indicates potential gaps in adherence to commitments made to buyers, which raises red flags for future clients. The outcome illustrates a failure in customer satisfaction and fulfillment of contractual obligations, signaling a risk factor for buyers considering this builder.

Cases Won

• It is noteworthy that there are no cases won against Altair Infraspace Private documented, suggesting that the current complaint is their only legal encounter. This lack of wins might denote a concerning precedent, eroding confidence among potential customers.

Conclusion: Overall Assessment of Altair Infraspace Private

Based on the evidence available, Altair Infraspace Private has a troubling legal standing. A single complaint resulting in a loss highlights potential inconsistencies in fulfilling their contractual agreements, which could pose significant risks to prospective buyers.

Tips for Potential Buyers Considering Altair Infraspace Private

1. Conduct Thorough Research: Before making any commitments, investigate online reviews and feedback from previous buyers to gather insights about their experiences with the builder.
2. Seek Detailed Contracts: Ensure that all agreements are clearly outlined and legally vetted. Clarity can prevent misunderstandings and disputes.
3. Consult Legal Experts: It may be wise to involve legal advisors when entering discussions regarding purchases to understand your rights and how to navigate potential issues.

General Tips for Selecting Any Builder

• Check Legal Track Record: Analyzing the legal history of a builder can unveil vital information regarding their reliability.
• Assess Project Completion Rates: Look for builders with timely project completions and positive customer feedback.
• Request References: Ask for contacts of previous clients to gauge their satisfaction level and experiences with the builder.

In conclusion, while Altair Infraspace Private does have an active project presence in Gujarat, potential buyers should proceed with caution and conduct comprehensive due diligence before moving forward with any purchasing decisions.

Analysis of the cases filed against Altair Infraspace Private, where the builder lost, reveals several key themes and patterns. The disputes primarily center around delayed possession claims, disagreements over project payments, and the builder's failure to adhere to negotiated settlements.

Many of the cases involve claims from buyers who paid significant amounts for flats but failed to receive possession, as exemplified by the complaint against Samawala No. 1, where a buyer paid Rs. 1,75,000/- without any return of the amount or possession of the flat. This highlights a recurring issue where buyers contest the builder’s inability to deliver properties on time or at all.

Many buyers also disputed the amounts claimed by the builder, particularly when there was a purported settlement. In the same case, Samawala No. 1 claimed a settlement value of Rs. 2,25,000/-, which indicates a common theme of communication breakdowns or financial misalignments between the builder and the buyers. Buyers often found themselves in litigation due to these disputes, which could stem from unclear contract terms, unfulfilled expectations, or outright fraud.

The builder’s losses in these cases typically arise from several factors. The lack of adherence to the negotiated settlements appears to be a crucial reason, as it indicates a breach of contract and a loss of trust from the buyers. The builder's defense often failed to meet the required standards, leading to legal consequences. In the end, this results in financial penalties, such as the court-ordered repayment of the amount with interest at a rate of 10.55%, demonstrating the legal system's attempt to protect the rights of the buyers and enforce contractual obligations.