CELESTIAL ESTATE PRIVATE LIMITED

Introduction

In the realm of real estate, the credibility of a builder can significantly impact a buyer's decision-making process. Celestial Estate Private Limited, operating in Haryana, has recently caught the attention of potential homebuyers, especially due to their legal history. This blog post dives into the builder's performance in legal cases, shedding light on their reliability and offering tips for prospective customers.

Overview of Legal Cases

Celestial Estate Private Limited has been involved in a total of 2 legal complaints filed against them. Remarkably, the builder has won both cases, leading to a win ratio of 100%. However, it's important to note that there have been concerning aspects behind these cases that could affect buyer sentiment.

Summary of Cases Lost

Despite having a perfect win rate in legal battles, Celestial Estate has faced two significant complaints:

1. Possession Delays:
   • Appellant Claim: The complainant argued that Celestial Estate did not hand over the possession of the flat within the agreed timeframe and requested a refund with interest.
   • Respondent Claim: The builder's response centered around the complainant's ability to seek additional recourse through a resolution plan approved by the NCLT (National Company Law Tribunal).
   • Final Verdict: The authority ruled that the complainant could pursue further recourse but did not directly address the refund request.
2. Non-Compliance Issues:
   • Appellant Claim: In this case, the complainant sought a refund, along with damages and legal costs, citing non-fulfillment of obligations by the builder.
   • Respondent Claim: Celestial Estate did not respond or provide a written defense. The authority noted a moratorium was in place due to NCLT, impeding any recovery orders or relief.
   • Final Verdict: The case was declared non-maintainable due to the moratorium status, and it was adjourned indefinitely.

Patterns in Legal Outcomes

Common Factors in Cases Lost

1. Possession and Compliance Issues: Both cases highlight a recurring theme of delays in possession and compliance with contractual obligations, leading clients to seek refunds.
2. NCLT Moratorium: The legal protection granted under the NCLT moratorium significantly influenced the outcomes, preventing any immediate relief or refund orders despite the grievances raised by the complainants.

Cases Won

It's notable that while Celestial Estate has won both cases, the nature of the victories appears more procedural than definitive, as no substantial claims were directly resolved in favor of the builder concerning the grievances of the complainants.

Conclusion

Overall, Celestial Estate Private Limited's track record indicates that while they have not lost a case in terms of courtroom victories, the underlying issues raised by clients evoke a sense of caution. Potential buyers should remain vigilant about the operational efficiency and timely compliance with delivery timelines of this builder.

Tips for Potential Buyers

1. Due Diligence: Before making a purchasing decision, potential buyers should conduct thorough research into past projects and the builder's reputation regarding delivery and compliance with contracts.
2. Communication: Engage directly with the builder and ask for clear timelines and terms concerning possession and compliance. Ensure all agreements are documented.
3. Legal Safeguards: Consider legal insurance or hiring a legal advisor to scrutinize contracts and understand your rights as a buyer.

General Tips for Selecting a Builder

• Research Online Reviews and Ratings: Checking customer feedback can provide insights into the builder's reliability.
• Visit Completed Projects: If possible, visiting completed properties can give a sense of the builder's quality of work.
• Ask for References: Speak with previous buyers to understand their experiences and satisfaction levels.

In summary, while Celestial Estate Private Limited demonstrates a strong legal standing, potential buyers should be proactive in their approach, ensuring they are well informed and prepared when entering any contractual obligations.

An analysis of the cases filed against the builder, Celestial Estate Private Limited, which the builder won, revealed the following information. The disputes arising in these cases can broadly be categorized into a few key themes, primarily focusing on delayed possession claims and non-compliance with legal obligations, including the impact of a moratorium on claims.

1. Delayed Possession Claims: Many complaints seemed to revolve around allegations that the builder failed to hand over possession of properties within the stipulated timeframe. Buyers often sought refunds and damages due to these delays.
2. Non-compliance with Legal Obligations: Other cases were rooted in claims alleging non-compliance with obligations by the builder, where complainants sought refunds, damages, and compensation for breaches of contract or regulatory expectations.
3. Moratorium Effects on Claims: Interestingly, some cases were adjourned due to the moratorium imposed by the National Company Law Tribunal (NCLT), preventing any orders for refunds or relief. This highlights an essential aspect of legal recourse in real estate disputes, complicating the resolution of such cases.

The reasons behind filing these cases include dissatisfaction with project timelines and regulatory compliance, showcasing the stress buyers face in a fluctuating real estate market. There is a clear pattern where buyers brought allegations against the builder, primarily focused on project delays or contractual breaches, looking for legal remedies. However, upon closer examination, the reasons and outcomes often point towards the builders effectively defending their cases.

In many instances, the builder was able to successfully counter the claims due to insufficient evidence or non-compliance with legal requirements by the opposing parties. For instance, when the complainants failed to provide adequate supporting documentation or when the issues were overshadowed by legal protections such as moratoriums, the builder emerged victorious. This emphasizes that builders like Celestial Estate Private Limited can sometimes be up against exaggerated accusations that lack substantiated proof.

This analysis provides a glimpse into the reputation of Celestial Estate Private Limited amid a competitive real estate landscape. It illustrates how buyers may sometimes file claims that are not grounded in reality, leading to challenging legal battles. Yet, the builder's strong track record in defending against these claims suggests a degree of reliability in its operations.

For potential buyers, this underscores the critical importance of making informed decisions before forming an opinion about a builder's reputation. While legitimate disputes do exist in the real estate sector, this analysis shows that established builders like Celestial Estate Private Limited can navigate and successfully defend themselves against unjust claims. Buyers are encouraged to approach claims with due diligence and seek credible information before making judgments.