ENDURANCE TECHNOLOGIES LIMITED

Introduction

In the competitive landscape of residential real estate, builders are often evaluated on their performance regarding customer satisfaction and legal compliance. In this post, we will take an in-depth look at Endurance Technologies Limited, a company that has demonstrated a solid track record in legal disputes with a notable win rate.

Understanding Endurance Technologies Limited

Endurance Technologies Limited is primarily operating in the state of Haryana and has been involved in two legal complaints, both of which resulted in victories for the builder. This level of performance is noteworthy, particularly for prospective buyers looking for reliable and accountable construction companies.

Legal Case Breakdown

Endurance Technologies Limited faced two complaints, both of which centered around allegations of failure to deliver possession of flats and provide necessary occupation certificates despite significant payments made by the complainant. The amounts involved in these cases totalled Rs. 2,16,84,459/-.

Common Factors in Legal Performance

• Cases Won: The company has successfully defended itself in all cases brought against it.
• Legal Strategy: In both instances, the builder declared that the delays were attributable to reasons beyond their control and asserted that they followed the scheduled construction-linked payment plan.
• Verdict Summary: The outcome of both cases was that HARERA (the Haryana Real Estate Regulatory Authority) directed the builders to pay interest at a prescribed rate of 10.20% until they could offer possession after obtaining the occupation certificate (OC) from the competent authority.

Interestingly, there are no cases lost by the builder, suggesting a strong legal foundation and effective handling of potential disputes. This trend indicates that the builder is likely well-prepared to address issues that may arise.

Conclusion: Assessing Endurance Technologies Limited

Endurance Technologies Limited stands out as a builder with a clean record in legal disputes, having won all cases that involved complaints against them. Buyers can take comfort in the fact that the company has actively defended its interests and prevailed in related legal matters.

Tips for Potential Buyers

• Understand the Legal Landscape: Always investigate a builder's legal history to gauge their reliability. Endurance Technologies Limited has a strong history with no losses, which is a positive sign.
• Request Documentation: Make sure to ask for all necessary documentation, including the occupation certificate for your future home.
• Clarify Payment Plans: Before initiating a purchase, ensure you understand the payment plan and what delays, if any, could arise along the way.

General Tips for Selecting a Builder

1. Research: Conduct thorough research into the builder's reputation, past projects, and any legal disputes.
2. Seek Feedback: Look for reviews and testimonials from previous buyers. Their experiences can provide valuable insights.
3. Inspect Properties: Visit properties that the builder has completed to assess quality and craftsmanship.
4. Keep Communication Open: Maintain clear communication with the builder regarding any concerns throughout the purchasing process.

By adhering to these tips, buyers can better navigate the complexities of purchasing real estate and make informed decisions when selecting builders like Endurance Technologies Limited.

An analysis of the cases filed by the builder, which it won, revealed the following information. The cases can be grouped into several common themes, primarily focusing on 'Delayed Possession Claims' and 'Non-compliance with Municipal Orders.' These themes indicate that claims often arise due to issues related to the timely delivery of flats and the issuance of occupation certificates, which are essential for occupants to legally inhabit their purchased properties.

In the instances reviewed, the builder faced complaints asserting that possession of flats was not delivered as promised, despite significant payments made by the buyers. The builders contended that the delays were primarily due to factors beyond their control, such as regulatory hurdles or logistical issues. The builder's defense consistently emphasized adherence to a construction-linked payment plan and asserted that demands had been raised properly throughout the project lifecycle.

The influx of such cases often stemmed from buyers' dissatisfaction with delays in possession, leading them to pursue claims seeking remedial measures or penalties against the builder. A prevalent pattern seen is the builder's pushback against claims that allege failures with respect to timelines and processes, alleging that these claims can sometimes stem from misunderstandings or exaggerated grievances from buyers.

The builder, Endurance Technologies Limited, often won these cases due to various factors. Common reasons for the favorable outcomes included a lack of sufficient evidence from the opposing parties, instances of failure to comply with regulatory frameworks or failure to follow interim directions as set forth during the disputes. This pattern highlights the builder's effective defense strategy, showcasing its commitment to adhering to legal and regulatory standards.

This analysis sheds light on the builder's reputation in the market. It suggests that there are indeed instances where buyers may bring forth claims that can be perceived as unjust or exaggerated. Such a trend reveals a reality in the real estate sector where the builder, equipped with a solid track record of legal defense against erroneous claims, navigates a challenging landscape.

In conclusion, potential buyers are advised to approach their decisions with caution and diligence. While genuine grievances do exist within the real estate market, it is crucial for buyers to seek reliable information and understand that builders like Endurance Technologies Limited have proven their capability to valiantly defend against unwarranted accusations. This diligence will empower buyers to form informed opinions about builders and make sound investment decisions in the real estate market.