EXPERIA BOULEVARD MULTI STATE CO-OPERATIVE GROUP HOUSING SOCIETY LIMITED

Introduction

Purchasing a home is one of the most significant investments many individuals will make in their lifetime. The decision can often be clouded by experiences with builders who may not always fulfill their promises. One such builder facing scrutiny is the Experia Boulevard Multi State Co-operative Group Housing Society Limited. This article delves into their legal history and offers insights for potential buyers.

Legal History of Experia Boulevard

Experia Boulevard has a concerning track record with four legal cases filed against them, all of which have resulted in the builder losing. Below, we summarize these cases that paint a troubling picture of the builder's performance in their dealings with clients.

Breakdown of Legal Cases

In each case, complainants sought refunds due to issues such as project delays and violations of the Real Estate (Regulation and Development) Act, 2016. Here’s a summary of the four cases:

1. Case 1: The initial complainant sought a refund for a unit in 'CGHS Home,' Dwarka, Delhi. The builder was compelled to refund the entire amount paid with interest after being found in violation of sections 18 and 12 of the RE (RD) Act.
2. Case 2: Another complainant requested a refund for Rs.5,11,100 due to significant delays in the 'Delhi Grih Pariyojna' project. The builder was again ordered to refund the full amount with interest.
3. Cases 3 & 4: Both cases involved refund claims due to project delays and lack of necessary approvals. Despite the builder's claims of intentions to develop the projects, the ruling mandated refunds with interest for violating the real estate regulations.

Patterns in Lost Cases

The common factors in the cases lost by Experia Boulevard include:

• Refund Claims Due to Delays: All cases stemmed from significant delays in project completion.
• Failure to Obtain Approvals: There was a repeated theme of the builder facing challenges related to essential approvals.
• Violation of Regulations: The builder was consistently found in violation of legal stipulations that protect buyers, indicating neglect in adherence to established laws.

Patterns in Won Cases

Interestingly, despite the details provided, Experia Boulevard has not won any cases, leading to a clear inference about their operational practices and customer relations. All four cases resulted in losses, and as such, there are no winning patterns to identify.

Conclusion

Based on the provided data, Experia Boulevard Multi State Co-operative Group Housing Society Limited appears to present significant risks to potential buyers. The pattern of losing cases underscores a failure to meet contractual obligations and adhere to regulatory requirements.

Tips for Potential Buyers

If you are considering purchasing from this builder or any similar entity, consider the following advice:

• Conduct Thorough Research: Always look into a builder’s reputation and legal history before making a commitment.
• Understand Your Rights: Familiarize yourself with real estate laws and buyer protections available in your state.
• Seek Recommendations: Consult with other homeowners and real estate professionals to gauge the builder's performance.
• Insist on Documentation: Ensure that all agreements are documented, and request clear timelines and conditions regarding project completion.

General Tips for Selecting Any Builder

1. Check for Registrations: Ensure the builder is registered with relevant regulatory bodies.
2. Review Project History: Investigate past projects and customer feedback to assess quality.
3. Explore Financial Stability: A financially secure builder is less likely to encounter project delays.
4. Look for Professional Affiliations: Membership in professional associations can indicate a commitment to industry standards.

In conclusion, being well-informed and cautious can save you from potential pitfalls in your home-buying journey.

Analysis of the cases filed against Experia Boulevard Multi State Co-operative Group Housing Society Limited, where the builder lost, revealed significant insights into their legal disputes. The cases can be broadly categorized into four themes: Delayed Possession Claims, Refund Disputes, Non-compliance with RE (RD) Act, 2016, and Project Approval Delays.

The majority of the claims were centered around delayed possession of residential units, leading purchasers to seek refunds based on the Real Estate (Regulation and Development) Act, 2016 (RE (RD) Act). Complainants often cited the builder's inability to complete projects on time, such as the 'CGHS Home' in Dwarka, Delhi, and the 'Delhi Grih Pariyojna.' The builder consistently responded with a willingness to refund the principal amounts in installments, but this gesture did not meet the regulatory requirements or the expectations of the buyers.

A pattern emerges where the builder attributed delays to external factors like government policies and issues with land transfer certificates. However, the legal authorities did not accept these defenses, emphasizing that the builder's responsibilities under the RE (RD) Act were not fulfilled. Consequently, the builder was ordered to refund the amounts paid by the complainants, often accompanied by interest to compensate for the delayed justice.

The common reasons for the builder's losses in these cases were rooted in their non-compliance with the RE (RD) Act, 2016. The builder failed to deliver timely possessions, which is a fundamental requirement under the law. Moreover, their proposed refund methodologies did not align with the statutory guidelines, which further aggravated their legal position.

In conclusion, the cases against Experia Boulevard highlight the importance of adhering to legal frameworks in real estate, ensuring timely project completions, and fulfilling contractual obligations with buyers. Prospective buyers are encouraged to exercise diligence and review a builder's legal standing and compliance history before making significant financial commitments.