AURIC BUILDSQUARE PRIVATE LIMITED

Introduction

In the dynamic world of real estate, builders play a crucial role in shaping the landscape. One such entity is AURIC BUILDSQUARE Private Limited, based in Rajasthan. This blog delves into the legal challenges faced by the builder, the outcomes of those cases, and provides valuable insights for potential buyers.

Legal Landscape of AURIC BUILDSQUARE

AURIC BUILDSQUARE has experienced a mix of legal challenges, with a total of two complaints lodged against them, leading to one case won and one case lost. This record offers a glimpse into how the company engages with its clients and how disputes are resolved, whether through the legal system or amicable settlements.

Cases Lost

In the single case where AURIC BUILDSQUARE did not emerge victorious, the appellant sought a refund of their deposit along with interest concerning flat A-304 in Auric Prime Suites. The builder's response was anchored in a settled amount previously …

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Analysis of the cases filed against Auric Buildsquare Private Limited, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues primarily revolving around regulatory compliance, project registration, and interest on deposits owed to buyers.

The first type of dispute can be categorized as regulatory compliance disputes. In these cases, the builder faced challenges from the Authority regarding the lack of registration for their real estate projects. The claims often revolved around the builder's failure to adhere to the necessary legal requirements for project registration, which led to legal actions seeking compliance and repercussions for non-registered projects.

Project registration claims were a common theme in the litigation, with buyers or the Authority seeking to compel the builder to register their projects. This points to a significant concern about the builder's operations and the potential risks buyers might face when investing in unregistered projects. The implications …

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An analysis of the cases filed against the builder, AURIC BUILDSQUARE Private Limited, which the builder won, revealed the following information. The disputes can primarily be grouped into three common themes: Refund and Settlement Disputes, Payment Disagreements, and Claims of Project Delays.

1. Refund and Settlement Disputes: These cases often involve claims from buyers seeking refunds for amounts deposited for properties that they felt were not delivered as promised. In the examined case, the appellant requested a refund of the deposited amount for flat A-304, but a settlement was reached, rendering the complaint infructuous.
2. Payment Disagreements: Claims in this category revolve around disagreements on settled amounts, often stemming from interpretations of settlement deeds or incomplete payments. This can create tensions between buyers and builders as they navigate through legal stipulations.
3. Claims of Project Delays: While this summary doesn't provide specifics on project delays, it is …

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