AMBUJA NEOTIA TEESTA DEVELOPMENT PRIVATE LIMITED
- No of Complaints: 3
- States (Active in): West Bengal
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the competitive world of real estate, choosing a reliable and competent builder is pivotal for homebuyers. One builder that stands out in this regard is Ambuja Neotia Teesta Development Private Limited, particularly known for its projects in West Bengal. This blog post will analyze the track record of this builder based on legal cases filed and resolved, offering insights that can assist potential buyers in making an informed choice.
Overview of Legal Cases
Ambuja Neotia Teesta Development Private Limited has faced a total of three legal complaints, all of which they have won, marking a 100% success rate. This exemplary performance not only reflects their operational adherence to regulations but also illustrates their commitment to resolving disputes effectively. Below is a summary of the cases:
- Modification of Agreement for Sub-Lease: The builder sought modification for their project, 'Utsodhaara Residencia - I,' which was approved by the West Bengal Real Estate Regulatory Authority (WB-RERA).
- Cancellation of Agreement: A complainant claimed default in payments due to financial constraints post-COVID-19, leading to the cancellation of the sub-lease and a refund directive, with deductions accounted appropriately.
- Extension for Environmental Clearance: The builder requested a 12-month extension for the completion of their project due to delays in receiving the environmental clearance certificate, which was granted.
Analysis of Patterns in Legal Cases
Patterns in Cases Won
- Proactive Engagement with Authority: In each case won, Ambuja Neotia showcased their proactive approach in engaging with regulatory authorities to resolve issues. Their willingness to seek modifications, extensions, or cancellations suggests they prioritize compliance and customer satisfaction.
- Demonstrated Accountability: The builder has been transparent in facing complaints. Even in scenarios where defaults or delays were involved, they have maintained a responsible stance, continually seeking solutions through legal avenues.
- Regulatory Support: The favorable rulings from the West Bengal Real Estate Regulatory Authority indicate that their operations fall well within the compliance framework expected of builders by regulatory bodies.
Conclusion
Based on the provided data, it is evident that Ambuja Neotia Teesta Development Private Limited is a reliable builder with a strong track record in resolving legal complaints effectively. The total absence of lost cases is a significant indicator of their ability to navigate challenges posed by buyers and regulatory requirements alike.
Tips for Potential Buyers
For those considering investing in properties from Ambuja Neotia or any other builder:
- Research Complaints: Investigate any legal complaints or issues tied to the builder’s name. A builder with a high success rate in resolved complaints is a positive sign.
- Engage with Existing Buyers: Speak to current or previous customers to gather insights into their experiences with the builder, which can uncover valuable information not available through formal channels.
- Check for Licensing and Approvals: Ensure the builder has the necessary licenses and approvals for their projects, which can often be confirmed through local real estate regulatory authorities.
- Visit Completed Projects: If possible, visit their completed projects to gauge construction quality, design, and finishing touches first-hand.
In sum, Ambuja Neotia Teesta Development Private Limited presents itself as a builder following the right practices, ensuring compliance, and diligently addressing concerns, making it a worthy contender for your next investment in real estate.
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Here you’ll find cases where the builder sued others and won. We’ve included a summary and key insights from each case.
An analysis of the cases filed by the builder, Ambuja Neotia Teesta Development Private Limited, which it won, revealed the following information.
1. Themes of Disputes:
- Modification of Agreements:
In one case, the builder sought modifications to an existing sub-lease agreement for their project 'Utsodhaara Residencia - I', which was ultimately approved by the regulatory authority without any claims made by the respondent. - Disputes over Financial Defaults:
There was a case where the complainant invoked financial constraints post-COVID as a reason for defaults in payment, leading them to seek cancellation of the lease. The authority, however, sided with the builder and directed the cancellation while ensuring that the builder would be refunded the balance amount minus the booking fee. - Project Delays due to External Factors:
Another significant case involved the builder not being able to commence construction due to late receipt of a required environmental clearance certificate. The builder sought and received a 12-month extension to complete the project, showcasing their proactive approach to unforeseen hurdles in project execution.
2. Common Triggers for Litigation:
The builder commonly approached litigation due to delays associated with external regulatory approvals (e.g., environmental clearances) and financial disputes stemming from client payment issues. Such disputes often arise from parties either misunderstanding their contractual obligations or attempting to shift responsibility for delays onto the builder.
3. Reasons for Success in Legal Defenses:
The builder consistently won these cases due to a number of factors:
- Insufficient evidence presented by the opposing parties.
- The regulatory authority's support for the builder's claims regarding project delays due to unavoidable circumstances.
- Clear documentation and adherence to regulatory requirements by the builder, which demonstrated their commitment to compliance.
This highlights the fact that sometimes buyers may make allegations against builders without adequate grounds, leading to unnecessary conflicts. Ambuja Neotia Teesta Development Private Limited has effectively defended itself against such challenges, reinforcing its reputation in the market.
4. Implications for Buyer Perceptions:
Overall, this analysis indicates that Ambuja Neotia Teesta Development Private Limited appears to maintain a solid track record in addressing and overcoming legal disputes, which are not uncommon in the real estate sector. Buyers must recognize that allegations against builders can arise for various reasons and that understanding the context is essential.
5. Conclusion for Potential Buyers:
For prospective buyers, it is crucial to make informed decisions when assessing builders. This analysis illustrates that disputes in real estate are often complex and multifaceted. Builders like Ambuja Neotia Teesta Development Private Limited frequently find themselves needing to defend against unfounded claims. Therefore, potential buyers should approach any claims with caution, prioritize reliable information sources, and refrain from hastily judging a builder's reputation based solely on isolated disputes.
This dictionary provides a detailed overview and analysis of the cases while guiding potential buyers on how to interpret the builder's legal 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 |
|---|---|---|---|---|---|---|---|
| WBRERA/COM000679 | West Bengal | The complainant, Ambuja Neotia Teesta Development… | ["Default in paymen… | {"appellant_claim": "The complainant claimed that… | Ambuja Neotia Teest… | Bikash Agarwal | http://202.61.117.163/Attachments/GridAttach/rera/notif/12187000000071/axp_gridattach_2/WBRERA%20COM%20000679%20order.pdf |
| WBRERA/P/JAL/2023/0… | West Bengal | Ambuja Neotia Teesta Development Private Limited … | ["Extension of Real… | {"appellant_claim": "The applicant claimed that d… | Ambuja Neotia Teest… | http://202.61.117.163/Attachments/GridAttach/rera/notif/14859000000044/axp_gridattach_2/WBRERA-P-JAL-2023-000634%20order.pdf |