| CIN | U45200PB2009PTC033083 |
|---|---|
| Year Established | 5-Aug-09 |
| Address | SCF 22, 1st Floor, Phase 10 Mohali PB 160065 IN |
| Company Status | Private |
Introduction
In the realm of real estate development, choosing the right builder is crucial for ensuring a smooth and satisfactory home-buying experience. One such builder that has garnered attention is Altus Space Builders Private Limited. This blog aims to provide an in-depth analysis of the company's performance based on available legal case data and offers essential tips for potential buyers.
Overview of Altus Space Builders Private Limited
Altus Space Builders Private Limited has been involved in several legal cases, specifically facing four complaints. Unfortunately for the builder, all cases have been lost. Analysis of the cases shows that while there might be potential for rectifying issues through fresh complaints, it raises questions regarding the overall reliability of the builder's business practices.
Legal Case Details
Cases Against the Builder
The builder has encountered four cases where it was not able to successfully defend its position. This situation raises concerns about the reliability of the services rendered by Altus Space Builders.
Outcomes of the Cases
The outcomes of the complaints indicate a concerning trend:
- All complaints were dismissed or treated as withdrawn rather than resolved in favor of the builder.
- In the first two cases, the complaints were dismissed due to incorrect registration numbers being cited, allowing for the opportunity to refile with the correct details. This suggests a pattern of administrative errors rather than substantive issues with the builder’s practices.
- The final two outcomes reflect either a settlement between parties or lack of provided information that led to dismissal for statistical purposes.
Analysis of Patterns in Legal Cases
Cases Lost: Common Factors
- Issues with Documentation: A significant pattern emerges where documentation errors, particularly regarding registration numbers lead to case dismissals. This points to potential mismanagement in the administrative processes.
- Absence of Respondent Claims: In multiple instances, there are no claims made by respondents, leaving the complaints largely unchallenged. This may signify a lack of robust defense or response on the builder’s part.
Cases Won: Overview
- Withdrawal Opportunities: Interestingly, the cases that are classified as won by Altus Space Builders were not victories of merit but rather opportunities for complainants to withdraw with the possibility of re-filing. This emphasizes the builder's lack of success in mounting an effective defense against serious complaints.
Conclusion
Assessing the background of Altus Space Builders Private Limited based on the aforementioned legal outcomes, one can deduce a pattern indicative of administrative oversight and a troubling record in managing complaints.
Tips for Potential Buyers
- Do Diligent Research: Before engaging with Altus Space Builders or any builder, conduct thorough research to understand their legal history and client reviews.
- Seek Transparency: Ensure the builder provides clear and accurate documentation from the outset. Any discrepancies should raise red flags.
- Understand Your Rights: Familiarize yourself with your consumer rights and the complaint process within real estate transactions. This preparation can offer you protection and recourse if issues arise.
General Tips for Buyers When Selecting Any Builder
- Verify Licensing and Registrations: Always confirm that the builder holds the appropriate licenses and registrations before entering into any agreement.
- Consult with Past Clients: Speak with previous clients about their experiences to gauge the reliability and quality of work provided by the builder.
- Review Contract Thoroughly: Before finalizing any purchase, ensure to review all terms and conditions of the contract to avoid unexpected surprises.
In conclusion, while Altus Space Builders operates in the real estate industry, prospective buyers should proceed with caution, armed with knowledge and a clear understanding of the builder's legal record.
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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 Altus Space Builders Private Limited, where the builder lost, reveals several key points across the spectrum of complaints raised. The cases highlight a range of themes, notably the frequent withdrawal of complaints, settlements that led to dismissals, and a troubling lack of sufficient information in the claims made by the complainants.
One of the most striking patterns in these cases is the tendency for complaints to be withdrawn, often with the intention of re-filing with corrected information or clearer claims. This suggests that many of the issues raised against the builder may not have been substantiated adequately at the outset, leading to a series of complaints that were not fully thought through before submission. The legal framework seems to have been misused in some instances as a means to pressure the builder rather than to seek genuine justice.
Additionally, the settlements that occurred indicate a willingness on the part of the builder to negotiate and resolve disputes without escalating them further. However, the lack of detail provided in the summaries regarding the terms of these settlements means that it is difficult to ascertain whether they were favorable to both parties or if they represented a capitulation by the builder to avoid further legal costs.
The common reasons for the builder’s losses in these cases seem to revolve around procedural issues rather than substantive ones. Many complaints were dismissed due to incorrect registration numbers or insufficient claims, highlighting a degree of disorganization or lack of legal acumen among the complainants. There was no clear indication in the summaries provided that the builder faced allegations of serious malfeasance, non-compliance with regulations, or significant delays in project delivery—factors that typically characterize major disputes in the construction sector.
In conclusion, while the cases against Altus Space Builders Private Limited do indicate some challenges faced by the builder, the patterns observed suggest more issues related to the complainants' approaches than with the builder's operations. To make informed decisions, potential buyers should consider these litigations in context and consider seeking out more detailed information on the builder’s reputation and project management history.
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 |
|---|---|---|---|---|---|---|---|
| RERA /GCNo.0292 of … | Not provided | The complaint was withdrawn by the parties after … | ["Settlement", "Wit… | {"appellant_claim": "Not provided", "respondent_c… | Balbir Singh Bhangu | Altus Space Builder… | https://rera.punjab.gov.in/rera/rwdataOrdersJudgements\2022\M2570\/20220210FormM_OJbyAuth0d257dd5-e994-4c82-9719-6a32c7088338.pdf |
| RERA /GCNo.0291of 2… | Not provided | The complainant's counsel does not press the comp… | ["Settled between p… | {"appellant_claim": "Not provided", "respondent_c… | Balbir Singh Bhangu | Altus Space Builder… | https://rera.punjab.gov.in/rera/rwdataOrdersJudgements\2022\M2566\/20220210FormM_OJbyAuthca5b8be3-3ab6-42f8-9b14-fe1a3fd03896.pdf |
| RERA /GCNo. 0303 of… | Not provided | Complainant seeks to withdraw complaint with libe… | ["Withdrawal of com… | {"appellant_claim": "Complainant seeks to withdra… | Shonit Soni | Altus Space Builder… | https://rera.punjab.gov.in/rera/rwdataOrdersJudgements\2022\M2582\/20220822FormM_OJbyAuth0a5892a4-90ac-433e-8ad1-5e75ea007422.pdf |
| RERA /GCNo. 0304 of… | Not provided | Complainant seeks to withdraw complaint due to in… | ["Complaint withdra… | {"appellant_claim": "Incorrect registration numbe… | Shonit Soni | Altus Space Builder… | https://rera.punjab.gov.in/rera/rwdataOrdersJudgements\2022\M2581\/20220822FormM_OJbyAuthd435da6b-31ab-4946-9a2b-ee5a3e309ce8.pdf |