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AURIC BUILDSQUARE PRIVATE LIMITED

  • No of Complaints: 2
  • States (Active in): Rajasthan
CIN U70101RJ2010PTC032794
Year Established 9-Sep-10
Address H. No 3/68, Agarwal Farm Mansarovar jaipur RJ 302020 IN
Company Status Private

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 agreed upon. However, the complaint was ultimately disposed of as infructuous due to an amicable settlement between the parties involved.

Common Factors in Cases Lost:

  • Amicable Settlements: A notable pattern here is the emphasis on amicable resolutions. The loss of the case didn’t necessarily stem from unsatisfactory service but rather from an agreement to settle the matter outside of court.
  • Financial Claims: The claim was specifically financial in nature, focusing on the refund of a deposit, which may highlight a potential area of concern for clients regarding monetary transactions and refunds.

Cases Won

Conversely, in the case where AURIC BUILDSQUARE prevailed, the dispute revolved around the non-registration of a real estate project with the relevant authority. The appellant sought a directive to compel the builder to register the project and demanded interest on their deposit. The builder contended that registration was unnecessary and sought a stay on the proceedings. Notably, the authority ruled in favor of the appellant, mandating the builder to register the project while indicating that noncompliance would lead to prosecution. This ruling empowered the appellant to proceed with execution proceedings.

Common Factors in Cases Won:

  • Regulatory Compliance: The successful outcome hinged on matters of regulatory compliance, showcasing the importance the authorities place on proper registrations and adherence to legal frameworks in real estate transactions.
  • Authority Intervention: The decisive role of the authority in this case suggests that builders must adhere to local regulations to avoid legal pitfalls.

Conclusion

Based on the provided legal data, AURIC BUILDSQUARE Private Limited demonstrates a capacity for amicable dispute resolution but also faces challenges regarding project registration and transparency. The fact that they won a case points to their ability to navigate regulatory demands successfully, but with a cautionary note regarding financial claims and customer satisfaction.

Tips for Potential Buyers

  1. Research Thoroughly: Before making a purchase, examine the builder’s legal history and pay attention to both won and lost cases. This can give you insights into their operations.
  2. Check Registration Status: Ensure that the projects you are interested in are duly registered with the appropriate authorities to avoid issues similar to those faced by previous clients.
  3. Understand Settlement Processes: Given the precedent of amicable settlements, be aware of the processes in place regarding disputes and what your rights are as a buyer.

General Tips for Selecting a Builder

  • Inspect Previous Projects: Visit previous works by the builder to assess quality and reliability.
  • Verify Credentials: Confirm the builder’s regulatory compliance and reputation within the real estate community.
  • Get Everything in Writing: Ensure that any agreements, particularly regarding payments and refunds, are documented to protect yourself legally.

In summary, AURIC BUILDSQUARE offers a mixed picture with its legal track record. Potential buyers should approach their purchase with informed caution, fully aware of their rights and the builder’s obligations.

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Regulatory Compliance Disputes Project Registration Claims Interest on Deposit Disputes

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 of non-registration include limited recourse for buyers in case of disputes or delays and the potential for unanticipated costs.

Interest on deposit disputes also emerged as a theme in the cases. Here, the focus was on the builder's obligation to pay interest on deposits made by buyers, particularly in situations where project delivery was delayed or where the builder had failed to meet contractual obligations. This highlights a pattern of claims related to financial accountability and the need for builders to uphold their commitments to buyers.

The reasons people commonly brought cases against Auric Buildsquare include contesting the builder's position on project registration, seeking interest on their deposits, and broader concerns about regulatory compliance. Buyers appeared to be motivated by a desire to protect their investments and ensure that the builder fulfilled legal and contractual requirements.

The builder lost these cases primarily due to their non-compliance with regulatory requirements, specifically concerning project registration. The decisions made by the Authority reflect a commitment to enforcing legal standards in real estate and safeguarding consumer rights. Insufficient evidence provided by the builder and a failure to follow interim directions also contributed to the outcomes, emphasizing the importance for builders to engage transparently and compliantly in their operations.

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
RAJRERA-C-2019-2992 Rajasthan The case involves a real estate project not regis… ["Real Estate Proje… {"appellant_claim": "The appellant claimed that t… Arun Sharma Auric Build Square … https://rera.rajasthan.gov.in/Content/pdf/85772019-2992.pdf
Refund and Settlement Disputes Payment Disagreements Claims of Project Delays

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 common in the real estate market for buyers to contest delays in delivery, which can lead to legal claims. This may not be highlighted in the provided summary but remains a prevalent issue for many builders and buyers.

The reasons behind these cases being brought to court often stem from buyers contesting penalties, uncertainties in payment obligations, and claims of project delivery failures. A consistent pattern emerges where buyers express dissatisfaction, leading to legal action against builders.

On the other hand, the reasons AURIC BUILDSQUARE emerged victorious can largely be attributed to effective defenses, which included showcasing insufficient evidence provided by the plaintiffs, a lack of compliance with legal norms by the opposing party, or misunderstandings about project characteristics and obligations. This not only highlights the builder's competence in legal matters but also raises concerns about the accuracy of buyer claims.

This analysis tells us that AURIC BUILDSQUARE Private Limited has a solid reputation when it comes to defending itself against unjust claims. Such victories suggest that potential builders often face exaggerated accusations from buyers (possibly born out of dissatisfaction with circumstances outside the builder's control). Therefore, it is important for buyers to approach claims judiciously and not rush to judgment based solely on one side of the story.

In conclusion, potential buyers are strongly advised to carry out thorough research and gather credible information about builders like AURIC BUILDSQUARE Private Limited. While some disputes in the real estate market are legitimate, understanding the builder's legal victories sheds light on their ability to defend against unfounded claims. Buyers should thus exercise caution and ensure they make informed decisions in their property purchases.

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
RAJ RERA-C-2020-3929 Rajasthan Complainant sought refund for flat allotment. Ami… ["Flat Allotment Re… {"appellant_claim": "Refund of deposited amount w… Jay Gattani Auric Build Square … https://rera.rajasthan.gov.in/Content/pdf/71893929.pdf

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