ARYAVART HOUSING CONSTRUCTION PRIVATE LIMITED

Understanding Aryavart Housing Construction: A Comprehensive Review

When considering potential housing options in Madhya Pradesh, Aryavart Housing Construction Private Limited may come to your attention. With several projects under their belt and a track record of legal disputes, it is essential to scrutinize their business practices and assess the implications for potential buyers.

Overview of Aryavart Housing Construction

Aryavart Housing Construction Private Limited operates primarily in the state of Madhya Pradesh. However, their reputation has been mixed, with a concerning number of legal complaints against them. Analyzing their cases can provide valuable insights for potential home buyers.

Legal Case Breakdown

Aryavart Housing Construction has been involved in a total of three legal complaints and has unfortunately lost all of them. Let’s take a closer look at these cases:

1. Case Overview:
   - Claim: The applicant claimed that Aryavart failed to complete a housing project and refused to refund the amount paid.
   - Builder's Defense: The builder claimed the applicant did not pay the balance amount, hindering project completion.
   - Verdict: The RERA authority mandated the builder to refund the amount with interest.
2. Case Overview:
   - Claim: The applicants asserted that possession of the flat was not provided within the stipulated period and sought interest on the amount paid.
   - Builder's Defense: Aryavart alleged that the applicants failed to make timely payments.
   - Verdict: The authority ordered the builder to return the payment along with interest at a reduced rate.
3. Case Overview:
   - Claim: Similar to the previous case, the applicants highlighted delays in possession and demanded interest on payments made.
   - Builder's Defense: Again, the builder claimed non-payment by the applicants.
   - Verdict: The authority issued a decision in favor of the applicants, requiring the builder to reimburse the funds with interest.

Analysis of Legal Outcomes

Upon examining the outcomes of Aryavart's legal disputes, some notable patterns emerge:

• Common Patterns in Lost Cases:
  - Failure to Fulfill Obligations: In all three lost cases, the overarching issue was the builder’s failure to provide timely possession of properties and to complete projects as promised.
  - Refunds with Interest: The RERA authority consistently ruled in favor of the applicants, thereby reinforcing the builder’s accountability and their obligation to rectify financial grievances.
• Common Patterns in Won Cases:
  - Consistent Claims of Non-Payment: In their defense, Aryavart frequently points to applicants' alleged failure to pay outstanding amounts. While this strategy did not yield any victories, it shows a focus on the narrative of non-compliance from buyers.

Conclusion

Based on the analyzed data, Aryavart Housing Construction Private Limited presents a troubling picture for potential buyers. With a complete lack of successful defenses in legal matters and a pattern of failing to meet obligations, it is crucial for buyers to exercise caution.

Tips for Potential Buyers

• Research Thoroughly: Investigate any builder's reputation before committing to a purchase, especially their history of complaints and litigation.
• Demand Clear Agreements: Ensure that all contractual obligations are clearly outlined and agreed upon in writing.
• Seek Legal Advice: Consider consulting with legal professionals to understand your rights and risks before purchasing property.

General Tips for Selecting Any Builder

1. Verify licenses and credentials.
2. Read reviews and testimonials from previous buyers.
3. Visit completed projects to assess quality firsthand.
4. Look for builders with transparent communication and customer service.

Moving forward, exercising diligence and comprehensive research will serve as your strongest ally in the property buying journey.

Analysis of the cases filed against Aryavart Housing Construction Private Limited, where the builder lost, revealed several key themes across the disputes. The cases primarily revolved around three critical issues: delayed possession claims, project completion disputes, and interest payment disputes.

The delayed possession claims encompassed the majority of the cases, where the applicants asserted that the builder failed to provide possession of their flats within the agreed-upon timeframes. In each instance of this claim, the builder contended that the delay was attributable to the applicants' failure to remit their agreed share of the payment on time. However, the RERA authority ruled in favor of the applicants, indicating a pattern where the builder's defenses did not meet regulatory requirements or fulfill contractual obligations.

Project completion disputes were also prevalent, with applicants claiming that the builder had not finished the housing project as promised. The builder's typical response was that the applicants were responsible for the incomplete project due to their alleged delay in payment. Yet, the verdicts consistently favored the applicants, suggesting systemic issues in the builder's project management and compliance with timelines.

Interest payment disputes emerged as a significant aspect of these cases. The applicants often sought reimbursement with interest at the rate of 48% per annum for the amounts they had paid. The builder, in turn, argued that the applicants should be charged interest for their late payments. However, the authority determined that the builder should return the amounts paid, along with interest at a reduced rate of 40% per annum, which further illustrates the builder's unfulfilled obligations.

Common triggers for litigation in these cases include the builder's inability to meet project timelines and fulfill promises of possession, alongside a lack of transparency regarding payment requirements and interest charges. The consistent losses experienced by the builder indicate a fundamental failure to adhere to legal and regulatory frameworks surrounding real estate transactions. Insufficient evidence to support the builder's claims, combined with a lack of compliance with RERA requirements, ultimately led to the rulings against them.

In conclusion, these patterns point to a troubled track record for Aryavart Housing Construction Private Limited. Buyers should approach this builder with caution and conduct thorough due diligence before engaging in any transactions. It is crucial for potential buyers to consider these legal disputes, which reflect underlying operational issues, to avoid unforeseen delays and financial losses.