CIN | U45309TG2017PTC115389 |
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Year Established | Not Available |
Address | Cybercity,GreenHills Road Near Hitec City MMTS,KPHB , Hyderabad, Telangana, India - 500018 |
Company Status | Private |
Overall Case Outcomes
In the real estate market, choosing the right builder is crucial for prospective homeowners. Cybercity Housing Private Limited, based in Tamil Nadu, has come under scrutiny due to multiple complaints filed against them. This post explores the details surrounding these complaints, the outcomes of legal cases, and offers insights for potential buyers.
Cybercity Housing Private Limited has faced 4 complaints to date, all of which have resulted in unfavorable outcomes for the builder. It is important to note that they have not won any cases, indicating a concerning trend for potential clients.
Upon reviewing the legal cases filed against Cybercity Housing, we see a pattern in the claims and the subsequent verdicts:
In the cases that Cybercity Housing lost:
Notably, Cybercity Housing has not recorded any wins in legal proceedings:
Based on the provided data, Cybercity Housing Private Limited appears to have significant challenges regarding timely construction and client satisfaction. With 4 cases won and 0 cases lost, the company has faced transparency issues with their clients. Potential buyers should exercise caution and weigh their options thoroughly before making a purchasing decision.
Selecting a builder is an important decision that requires due diligence. For prospective buyers considering Cybercity Housing Private Limited, being informed and cautious can help mitigate risks and lead to a more satisfactory home-buying experience.
Yearly Trend for these Cases
Analysis of the cases filed against Cybercity Housing Private Limited, where the builder lost, revealed several key themes across the complaints raised by the homeowners. The primary disputes revolved around delayed possession claims and the builder's failure to provide promised amenities on time, despite having received full payment from the complainants.
The cases highlighted a pattern in which the builder consistently attributed delays to the COVID-19 pandemic, while the homeowners argued that their insistence on complete amenities before taking possession was not an unreasonable request. This defensive strategy indicates a broader trend in the builder’s litigation, where external factors were often cited as causes for delays rather than acknowledging potential mismanagement or insufficient planning.
The underlying reason for these disputes appears to stem from the builder's inability to meet the expectations established through contractual agreements with homeowners. The repeated failures to deliver completed villas with requisite amenities within a timely manner led to multiple complaints filed with the Tamil Nadu Real Estate Regulatory Authority (TNRERA).
The TNRERA's verdicts were consistent across these cases, directing the builder to complete the required amenities and fulfill their commitments to the homeowners by specified deadlines. The common factors contributing to the builder’s losses include a lack of evidence to support their pandemic-related delay claims, failure to adhere to established timelines, and potentially an inability to fulfill their contractual obligations regarding amenity provision.
In conclusion, the cases against Cybercity Housing Private Limited serve as a cautionary tale for prospective homebuyers. They highlight the importance of thorough due diligence, actively requesting updates on project timelines, and understanding the regulatory frameworks established by authorities like the TNRERA. Buyers should be mindful of the ongoing challenges faced by builders, especially in a post-pandemic world, and should adjust their expectations accordingly while remaining informed about their rights and the responsibilities of builders.
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