DISTINGUISHED REALTY LIMITED

Introduction

In the ever-evolving real estate market, understanding a builder's reputation and legal standing can be crucial for potential buyers. This blog will delve into Distinguished Realty Limited, a builder operating in Madhya Pradesh, analyzing their legal performance and offering insight into what potential property owners should consider.

Overview of Distinguished Realty Limited

Distinguished Realty Limited has garnered attention due to its limited number of complaints and the legal outcomes associated with its operations. With only one recorded complaint against them, the builder has faced one legal case, losing it entirely.

Legal Case Details

A brief examination of the legal battle faced by Distinguished Realty Limited reveals the following:

• Appellant Claim: The applicant wanted possession of the plot and a refund of the consideration amount with interest.
• Respondent Claim: The builder contended that the project was ongoing and that the applicant was not justified in seeking interest and compensation.
• Final Verdict: The authority ruled in favor of the appellant, granting possession of the plot and ordering the builder to pay interest and compensation.

Analysis of Cases

Patterns in Lost Cases

Based on the available data, the loss in the singular case provides some insights:

• Customer Claims for Possession: The case highlighted a claim for possession, indicating that issues related to project completion or delays can be critical factors affecting builder reputations.
• Compensation and Interest: The ruling in favor of the customer emphasizes the importance of timely completion and the financial obligations builders have regarding potential delays or non-performance.

Patterns in Won Cases

Interestingly, Distinguished Realty Limited has not won any cases, which raises red flags about possible operational challenges or weaker legal standing when disputes do arise. Given this track record:

• No Cases Won: The fact that the builder has not succeeded in any legal disputes may signal risk for prospective buyers who wish to ensure that their investment is protected.

Conclusion

Distinguished Realty Limited's performance in legal matters suggests potential challenges for buyers considering investing in properties from this builder. While they have had only one formal complaint, the result of that case paints a concerning picture regarding the builder’s reliability and adherence to contractual obligations.

Tips for Potential Buyers

1. Research Thoroughly: Before making any purchase, ensure that you conduct thorough research about the builder’s legal standing and history. Check public records for additional complaints or cases.
2. Seek Clarification on Project Completion: Always ask for clarity on project timelines and the status of previous projects.
3. Understand Your Rights: Familiarize yourself with your rights as a buyer and what recourse you have in the event of disputes.

General Tips for Selecting Any Builder

• Background Check: Look into the builder’s previous projects and customer reviews.
• Talk to Existing Homeowners: Getting opinions from people who have already purchased from the builder can provide invaluable insights.
• Negotiation and Contracts: Ensure every detail is well delineated in your contract, including timelines, costs, and what happens in the case of delays or failures.

In summary, while Distinguished Realty Limited may seem appealing at first glance, potential buyers would be advised to exercise caution and perform due diligence to safeguard their investments.

Analysis of the cases filed against Distinguished Realty Limited, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around two main topics: delayed possession claims and disputes over interest and compensation.

Many of the claims made by the applicants center around the builder's failure to deliver possession of the plots on time, leading to claims for possession and refunds of the consideration amount, often accompanied by demands for interest and compensation for the delay. This highlights a significant area of concern for potential buyers regarding the builder's reliability in meeting project timelines.

The builder's defense typically involves claims that the project was not closed, and thus, the applicant was not entitled to interest and compensation. However, the outcomes of the cases indicate that the Authority did not accept this defense, suggesting that Distinguished Realty Limited may have failed to meet contractual obligations or adhere to regulatory requirements governing real estate transactions.

The common reasons for the builder's losses in these cases seem to stem from an inability to fulfill promises of timely possession and their failure to convince the Authority that the responsibility for delays lay elsewhere. This may reflect broader issues such as insufficient project management capabilities or financial difficulties that could impact the builder’s ability to complete projects on schedule.

Overall, this analysis indicates that potential buyers should approach transactions with Distinguished Realty Limited with caution. It is essential to thoroughly vet the builder's reputation, review contract terms regarding timelines and remedies for delays, and consider the outcomes of past legal disputes before committing to a purchase.