AMBAWATTA BUILDWELL PRIVATE LIMITED

Assessing Ambawatta Buildwell Private Limited: A Cautionary Tale for Homebuyers

Introduction

When venturing into real estate investments, selecting the right builder is paramount. Homebuyers need to be informed about a builder's history, including any legal challenges faced in the past. This article takes a close look at Ambawatta Buildwell Private Limited, a builder primarily operating in Haryana, to provide insights based on available legal data concerning their operations.

Company Overview

Ambawatta Buildwell Private Limited is a builder whose operations are concentrated in the state of Haryana. However, it has recently garnered attention due to a series of complaints and subsequent legal disputes.

Legal Cases Summary

Based on the available data, Ambawatta Buildwell Private Limited has faced 3 legal cases, all of which it has lost. Each case involved complaints from buyers who claimed that they paid a significant amount totaling ₹2,88,34,232/- for flats within a project that was not completed as per the promised timeline of 36 months. The builder attributed the delays to external factors including labor shortages, restrictions on mining materials, and demonetization. Nonetheless, the authority ruled in favor of the complainants, ordering the builder to refund the entire amount paid along with interest at a rate of 10.70% per annum.

Analysis of Legal Cases

Common Patterns in Lost Cases

• Failure to Deliver: Each case followed a similar pattern where the builder did not uphold the commitment to complete the project and hand over possession of the flats as promised.
• Significant Financial Claims: The complainants collectively sought the return of a substantial amount, suggesting that these cases were not isolated incidents but indicative of a broader issue with project completion.
• Consistent Refund Orders: The rulings consistently favored the buyers, demonstrating a repeated failure of the builder to justify the delays adequately.

Common Factors in Cases Won

In this instance, it's noteworthy that while the builder has not won any cases, their repeated defense centered around external economic factors such as labor issues and regulatory restrictions. This could suggest an ongoing struggle with project management and planning.

Conclusion

The data surrounding Ambawatta Buildwell Private Limited paints a cautionary picture for potential homebuyers. The absence of any successful legal defense combined with the enforcement of refunds in multiple cases raises serious concerns about the builder's reliability and the likelihood of project completion.

Tips for Potential Buyers

1. Research Thoroughly: Before investing, check the builder's history, including past projects and any legal disputes.
2. Evaluate Project Timelines: Be wary if a builder has a history of delays. Always clarify the expected timeline and ensure that there are penalties for non-completion.
3. Consult with Other Buyers: Speak with others who have purchased from the builder to gain insights into their experiences.
4. Seek Legal Advice: Consider consulting a legal expert to familiarize yourself with your rights as a buyer.

General Tips for Selecting a Builder

• Check Credentials: Verify the builder's licensing and registration credentials, along with any industry certifications.
• Assess Completed Projects: Visit completed projects and speak with current residents about their experiences with the builder.
• Understand the Contracts: Carefully review all contracts and terms before making any commitments; ensure they include provisions for delays and defaults.

In conclusion, conducting due diligence is crucial when considering any builder, especially in light of the challenges faced by Ambawatta Buildwell Private Limited.