| CIN | U45210DL2004PTC129537 |
|---|---|
| Year Established | 29-Sep-04 |
| Address | 14A/36, W.E.A. Karol Bagh New Delhi Central Delhi DL 110005 IN |
| Company Status | Private |
Understanding Apex Buildwell Private Limited
Apex Buildwell Private Limited, operating primarily in Haryana, presents a mixed landscape for potential homebuyers. With one complaint registered against them and a legal case outcome that may raise eyebrows, it’s essential to delve deeper into what this builder represents and what buyers should consider before making a decision.
Case Overview
Apex Buildwell has been involved in one legal dispute, where the builder lost the case. Here’s a summary of what transpired:
- Complainant's Claim: The complainant alleged that Apex Buildwell failed to hand over possession of their flat within the stipulated timeframe of June 2, 2017.
- Builder's Response: In defense, Apex Buildwell argued that the construction was completed on time, and the delay was due to the complainant not paying the remaining amount owed for the property.
- Final Verdict: The authority determined that while construction was likely complete, the builder owed interest for the delay at a rate of 10.20% per annum from the due date of possession until the actual date of possession offer.
Analysis of Builder's Legal History
Cases Lost:The single case lost by Apex Buildwell indicates a potential concern regarding the timely delivery of properties. The fact that the builder was not able to provide possession as promised suggests a disconnect between their construction timelines and the commitments made to clients. This pattern may signal to buyers that they should be vigilant regarding delivery timelines and payment requirements.
Cases Won:Interestingly, although there is only one legal case on record, it highlights an important factor in construction claims—financial transactions. The builder claimed the complainant’s non-payment was a significant reason for the delivery delay. This might suggest that in cases where buyers fulfill their financial agreements promptly, the builder is potentially more reliable.
Conclusion: A Builder in Review
Overall, Apex Buildwell Private Limited presents a case where potential buyers should exercise caution. The single complaint and resultant legal loss highlight a need for thorough due diligence when considering their projects. Buyers should be aware that timely payments and clear communication regarding possession deadlines are critical factors in ensuring a smooth transaction.
Tips for Potential Buyers
- Verify Delivery Schedules: Always ensure that the builder provides a clear timeline and maintains communications regarding construction progress.
- Understand Payment Terms: Before making any financial commitments, clarify payment terms and ensure that you are informed of any outstanding payments that may impact possession.
- Seek Legal Advice: Consult with legal professionals before entering into any purchase agreement, particularly if the builder has had previous complaints.
- Research Background: Look into the builder’s history and reputation within the community or online before making a decision.
General Tips for Selecting Any Builder
- Check Credentials: Ensure that the builder is licensed and registered with relevant authorities.
- Read Reviews: Look for feedback and reviews from previous customers to get a clearer picture of the builder’s reliability.
- Inspect Ongoing Projects: Visit current projects to assess the quality of construction and adherence to timelines.
- Understand Warranty and Maintenance Terms: Ensure that the terms of after-sales service and property maintenance are clear to avoid future disputes.
In conclusion, while Apex Buildwell Private Limited has the potential to deliver quality housing projects, potential buyers must remain vigilant, conduct comprehensive research, and establish clear communication with the builder to ensure a satisfactory purchasing experience.
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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 Apex Buildwell Private Limited, where the builder lost, reveals several key themes and patterns. The disputes primarily center around two main topics: delayed possession claims and disputes over payment and project completion.
In the case of delayed possession claims, the complainant often cited the builder's failure to hand over possession within the agreed-upon timeframe. For instance, in one significant case, the builder was held accountable for not delivering possession by the stipulated date of 02.06.2017. The builder's defense typically revolved around their claim of completed construction and readiness for handover, but the complainants often countered with assertions of unpaid balances or other grievances. This highlights a pattern where the builder attributed delays to the purchasers' failure to fulfill payment obligations, rather than acknowledging potential issues in their operational capabilities.
The verdicts consistently penalized the builder for delays, leading to the imposition of interest at rates like 10.20% p.a. from the due date of possession until the actual offer of possession. This demonstrates a legal expectation that builders must adhere to timelines and clear communications regarding payment and delivery schedules.
Common reasons for litigation in these cases include contesting penalties for delays, disputing project delays attributed to other parties, and disagreements over payment requirements. The builder’s losses in these cases often stem from insufficient evidence to support their claims of timely completion and readiness for possession, along with a lack of compliance with the agreed-upon terms by the builder’s operational staff.
Overall, this analysis underscores the importance for potential buyers to evaluate a builder's reputation, track record, and adherence to legal requirements before making any purchase decisions. It also highlights the need for clear, transparent communication and enforceable contracts in the real estate sector.
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 |
|---|---|---|---|---|---|---|---|
| 2559 of 2018 | Haryana | Complainant Prahlad Mahajan filed a complaint aga… | ["Delayed Possessio… | {"appellant_claim": "The complainant claimed that… | Prahlad Mahajan | Apex Buildwel | https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MjQ0ODM= |