EXTRAN REALTY INDIA PRIVATE LIMITED

Extran Realty India Private Limited: An Overview of Performance and Considerations for Buyers

When choosing a builder for real estate projects, it is crucial to gather detailed insights into their track record and legal standings. In this post, we explore Extran Realty India Private Limited, based in Madhya Pradesh, and evaluate their performance through the lens of customer complaints and legal cases.

Company Profile

Extran Realty India Private Limited is a real estate builder operating specifically in Madhya Pradesh. With a focus on residential projects, their portfolio includes various property types aimed to meet the demands of home seekers in the region.

Legal Standing: Complaints Analysis

Currently, Extran Realty India Private Limited has faced a total of 1 complaint, leading to legal action that resulted in the builder losing this case. Unlike many builders with numerous legal challenges, this singular complaint does provide significant insight into the builder's business practices and customer relations.

Case Summary

The legal dispute arose concerning a residential plot where the applicant had paid Rs. 2,25,500 but did not receive possession. The applicant claimed interest and damages for the delay, while the builder contended that the applicant had not settled the full payment, placing the responsibility for the possession delay on unforeseen circumstances. Ultimately, the adjudicating officer ruled in favor of the applicant, ordering Extran Realty to reimburse the payment with interest and an additional Rs. 40,000 for mental distress.

Analysis of Legal Outcomes

• Cases Lost: Extran Realty has lost 1 case, with the ruling highlighting the builder's failure to fulfill contractual obligations concerning property possession. In this instance, the lack of mountable evidence to dispute the applicant's claims suggests a pattern of not meeting agreed-upon timelines.
• Cases Won: The builder has no cases won against them, which might indicate either rare legal confrontations or a lack of successful defenses when cases have been filed. Given the solitary case that reached a conclusion, it highlights a need for stricter adherence to contractual commitments.

What This Means for Potential Buyers

The legal case against Extran Realty illustrates potential risks for homebuyers. However, the absence of multiple complaints may also suggest that they have been relatively accountable for their projects thus far, with only one complaint being formally lodged.

Tips for Potential Buyers Considering Extran Realty

1. Research Thoroughly: Always check for complaints or legal disputes lodged against the builder, and understand the outcomes of those investigations.
2. Ask for Documentation: Request clarity on payment schedules, possession timelines, and all terms detailed in the agreement before making a commitment.
3. Engage with Previous Customers: Trying to reach out to former clients may offer insights on their experiences and satisfaction levels.
4. Consult Legal Advisors: If engaging in a potential deal, having a legal expert review agreements can prevent future disputes.

General Tips for Selecting a Builder

• Review Their Track Record: Look beyond just the number of projects completed; investigate client feedback and any legal troubles.
• Confirm Licensing and Registration: Ensure that the builder holds the proper licenses and certifications required by local authorities.
• Inspect Projects: If possible, visit completed projects or those under construction to gauge work quality and completion standards.
• Understand the Warranty: Be clear on what warranties are provided for the work and the materials used.

Conclusion

Extran Realty India Private Limited offers potential buyers the opportunity to engage with a builder with a modest number of client complaints. However, the loss in their only legal case should be a crucial consideration. It is advisable for prospective buyers to conduct thorough research and perhaps consult with professionals before committing to any agreements. By being informed and cautious, buyers can better navigate the often complex landscape of real estate investments.

Analysis of the cases filed against Extran Realty India Private Limited, where the builder lost, reveals several key themes and key takeaways across the board. The cases highlight key disputes primarily revolving around delayed possession claims, payment disagreements, and resultant damage claims.

The first type of dispute can be categorized as Delayed Possession Claims. In these cases, buyers claimed that they had made substantial payments for residential plots yet faced prolonged delays in possession. The builder, Extran Realty, consistently attributed these delays to unforeseen circumstances. However, the legal verdicts did not accept this defense, emphasizing the builder's failure to adhere to promised timelines and clear communications regarding expectations.

Another recurring theme is Disputes over Payment and Interest. Buyers often found themselves in litigation over the amount owed to them, which typically included the original purchase price and interest on that amount due to the delays. The builder's frequent claim that buyers had not paid the full amount owed was not validated by the courts, as evidence showed that buyers had indeed fulfilled their payment obligations.

The Damages for Mental Distress and Other Expenses theme reflects the psychological and financial strain imposed on buyers due to the delays and disputes. Courts have consistently recognized non-pecuniary damages in these cases, awarding buyers compensation for mental distress and various other expenses incurred as a result of the builder's failure to deliver on promises.

A pattern emerges from these summaries: buyers commonly brought cases to court due to a combination of delayed possession, disputes over payment accountability, and the builder's inability to meet contractual obligations. The builder's litigation typically revolved around their attempt to deflect responsibility for delays and to avoid paying interest and damages.

The underlying reasons for the builder's losses in these cases are multifaceted. They include:

• Insufficient Evidence: The builder failed to provide adequate documentation or evidence to support their claims of unforeseen circumstances causing delays.
• Non-Compliance with Legal Requirements: There was a consistent pattern of the builder not adhering to established timelines and contractual commitments, leading to legal consequences.
• Failure to Communicate: Inadequate communication regarding project updates, expectations, and apologies for delays likely contributed to buyer dissatisfaction and litigation.

In conclusion, the cases against Extran Realty India Private Limited serve as a cautionary tale for potential buyers regarding the importance of thorough due diligence, ensuring clear communication, and understanding legal rights in the event of delays or disputes in real estate transactions.