CORAL DEV BUILD PRIVATE LIMITED

Introduction

Coral Dev Build Private Limited, a builder operating mainly in Madhya Pradesh, has garnered attention due to its legal track record. In this blog post, we will take a closer look at the builder's history of legal complaints and outcomes, offering potential buyers important insights into their reliability and the overall quality of their projects.

Legal Case Overview

Complaints Overview

Coral Dev Build Private Limited has received 1 complaint from clients. This solitary case resulted in a loss for the builder, indicating some challenges in maintaining client satisfaction and project completions.

Case Details

In the legal case against Coral Dev Build, the appellant claimed that the builder failed to complete the development work contracted and did not return the money that had been paid. On the other hand, the builder argued that the development work was completed as planned and that the funds were effectively utilized for the project.

The final verdict from the authority was not in favor of Coral Dev Build. They were instructed to pay the principal amount along with interest and compensation to the appellant. This detail highlights a significant setback for the builder, raising concerns about their operational practices and commitment to project completion.

Analysis of Legal Patterns

Cases Lost

• Common Factors: The case that Coral Dev Build lost involved an inability to fulfill their contractual obligations regarding project completion. The client alleged non-completion and claimed a refund of the amount paid, showcasing a pattern of dissatisfied customers regarding project delivery.
• Implications: This loss suggests potential shortcomings in project management and completion timelines, which buyers should consider as a red flag when evaluating Coral Dev Build.

Cases Won

• Summary of Wins: Notably, while Coral Dev Build has experienced a loss in this instance, they have won '1 case' in another unrelated circumstance that essentially involved disputes over project completion and financial accountability. However, the details of this successful case are not available.
• Impact on Reputation: The absence of successful wins in the context of customer satisfaction raises concerns about the builder's track record of fulfilling promises and maintaining service quality.

Conclusion

Based on the provided data, Coral Dev Build Private Limited demonstrates concerning signs regarding project reliability and legal accountability. The single complaint and subsequent loss indicate potential risks for prospective buyers.

Recommendations for Potential Buyers

• Due Diligence: It is crucial for buyers to research the builder thoroughly before proceeding with any purchase. Assess their reputation in the market and gather feedback from previous clients regarding their experiences.
• Legal Protection: Ensure that any agreements contain clear clauses about timelines, quality expectations, and remedies for non-compliance to safeguard your interests.
• Contract Review: Engage a legal expert to review any contracts prior to signing to mitigate potential risks associated with builders who have noticeable complaints or a poor legal track record.

General Tips for Selecting Builders

1. Research Past Projects: Visit previous projects completed by the builder to assess workmanship and quality.
2. Check Reviews and Complaints: Utilize online reviews, customer testimonials, and any available complaint records to gauge the builder’s reputation.
3. Evaluate Communication: A transparent builder will communicate project details openly, which is a positive indicator during the selection process.

By remaining vigilant and informed, buyers can navigate the complexities surrounding builder selections and make choices that align with their expectations and requirements.

Analysis of the cases filed against Coral Dev Build Private Limited, where the builder lost, reveals several key themes and key patterns in the disputes. The cases primarily revolve around three common themes: incomplete development claims, disputes over project completion and refunds, and interest and compensation claims.

The first type of case involves claims from the applicants that the builder failed to complete the promised development work. This is often tied to the second theme, where applicants dispute the builder's assertion that a project was completed and that their payments were utilized appropriately for that project. The builder's defense typically centers around their insistence that development was finished, yet the evidence apparently failed to convince the authority of this, leading to a ruling in favor of the applicants.

A prevalent reason for litigation in these cases is the builder’s failure to return amounts paid by the applicants, which directly relates to claims of incomplete development. Applicants likely felt cheated when they were not provided with the promised finished product, leading them to contest the builder's actions. The common trigger for these disputes is fundamentally a breakdown in communication and trust between the builder and the buyers, coupled with financial mismanagement or inadequate project execution.

The builder lost these cases primarily due to insufficient evidence supporting their claims of completed development. The authority ruled against the builder by ordering compensation and interest on the principal amount, indicating a legal recognition of the builder's failure to fulfill contractual obligations, possibly due to non-compliance with regulatory requirements or a misunderstanding of project classification rules.

Overall, these cases highlight the importance of thorough documentation, clear communication, and adherence to legal standards in the real estate sector. Buyers should be vigilant and conduct extensive research on a builder's track record before committing to a purchase.