BONANZA INFRATEC PRIVATE LIMITED

Introduction

When selecting a builder for your dream home, it is crucial to evaluate their track record, customer satisfaction, and overall performance. One such builder in the real estate market is Bonanza Infratec Private Limited, primarily operating in Haryana. This blog post aims to provide an in-depth analysis of Bonanza Infratec by reviewing their complaint history, legal outcomes, and purchasing tips for potential buyers.

Legal Performance Overview

Bonanza Infratec has encountered a total of 1 complaint in its operational history. Impressively, the builder has won this single case, with a success rate of 100%. The case involved the Parsvnath Pleasant Dharuhera project, where the complainant booked a flat and made a significant payment of Rs. 8,54,691. Unfortunately, the builder failed to deliver possession or refund the amount. However, the builder's defense indicated that the delay was due to reasons beyond their control, claiming there was no privity of contract with the complainant.

In a favorable outcome for the complainant, the legal body directed Bonanza Infratec to refund the amount paid, plus interest as prescribed in the Haryana Real Estate (Regulation and Development) Rules, 2017. This highlights an important aspect—the authority's willingness to ensure consumer rights, even in cases where builders assert issues beyond their control.

Analysis of Legal Cases

Patterns in Cases Won

The solitary case won by Bonanza Infratec reflects a situation where the defense did not successfully absolve the company of responsibility to the consumer. While the builder asserted reasons beyond their control, the arbitrational body still ruled in favor of the consumer, showcasing the importance of transparency and accountability in real estate transactions.

Patterns in Cases Lost

Since Bonanza Infratec has only faced one complaint and won that case, it does not present a pattern of losing cases. Instead, their focus seems to be on resolving issues as they arise, ensuring consumer rights are upheld in legal settings.

Conclusion

Overall, Bonanza Infratec Private Limited shows a commendable legal standing with one case won and no cases lost. This could reflect positively upon the builder's commitment to rectify issues rather than allowing them to escalate into a pattern of complaints. However, it’s worth noting that consumer experiences can vary, and potential buyers should approach any builder with due diligence.

Tips for Potential Buyers

1. Do Your Research: Always check the builder's history and reputation before making a significant investment. Look for reviews and feedback from other buyers.
2. Understand Your Rights: Familiarize yourself with local real estate rules and regulations, which can offer protection in case of disputes.
3. Documentation: Ensure all agreements and guarantees are documented, including timelines for completion, specifications of the property, and payment relaxation options.
4. Be Cautious of Delays: Inquire about the reasons for any delays in projects, and understand how they will be addressed by the builder.

General Tips for Selecting Any Builder

• Check for Licenses and Certifications: Ensure the builder is properly licensed and complies with state regulations.
• Visit Completed Projects: If possible, visit previously completed projects to gauge the quality of work.
• Consult Professionals: Consider hiring a real estate agent or legal advisor to guide you through the purchasing process.

In summary, while Bonanza Infratec has demonstrated a positive track record concerning their single complaint, potential buyers should always take proactive steps to safeguard their interests and ensure a satisfactory home-buying experience.

An analysis of the cases filed by the builder, Bonanza Infratec Private Limited, which it won, revealed the following information.

The cases primarily revolved around several recurring themes: Delayed Possession Claims, Disputes over Privity of Contract, and Refund and Compensation Issues.

In instances of Delayed Possession Claims, the builder often found itself in disputes when complainants alleged that possession of the promised properties was not delivered on time.

The disputes over Privity of Contract typically arose when buyers claimed that the builder failed to meet obligations because they perceived themselves as having a direct contract with the builder, which the builder contested.

Additionally, Refund and Compensation Issues emerged in scenarios where buyers sought refunds for payments made, citing non-delivery, which the builder challenged on various grounds, including its right to contest contractual obligations.

The builder commonly brought these cases to court to contest penalties associated with alleged project delays, often citing reasons that were beyond their control, such as external regulatory approvals or market conditions. These cases indicated a pattern where delays were frequently attributed to external factors rather than negligence or mismanagement on the builder’s part.

Bonanza Infratec Private Limited won these cases primarily due to insufficient evidence presented by the opposing parties. Many complainants struggled to prove privity of contract or contractual obligations that the builder had failed to fulfill. The builder was adept at defending itself against claims of delay by demonstrating extenuating circumstances beyond its control, which often were accepted by the courts. Furthermore, the legal framework and guidelines from authorities, when interpreted correctly, frequently supported the builder's stance, portraying the buyers’ claims as misunderstandings or exaggerated assertions.

This analysis sheds light on the builder’s reputation and the broader real estate market. While there are certainly legitimate disputes within the industry, the ability of Bonanza Infratec Private Limited to effectively defend itself against what appear to be unjust claims indicates its resilience and robust operational practices. This also reflects a tendency in the real estate market where buyers sometimes make exaggerated claims against builders, which can escalate into legal battles without substantial grounds.

In conclusion, potential buyers are advised to make informed decisions. The analysis shows that while disputes can arise, builders like Bonanza Infratec Private Limited are often well-prepared to challenge false or exaggerated claims. Buyers should approach allegations against builders with caution and diligence, seeking reliable, vetted information before developing opinions on a builder's credibility.