FAITH BUILDERS AND REALITIES PRIVATE LIMITED

Introduction

In the dynamic world of real estate, selecting a builder is a critical decision that can significantly impact your investment. One such builder is FAITH BUILDERS AND REALITIES Private Limited, operating in Madhya Pradesh. This blog aims to provide an objective overview of the builder based on their legal history and a summary of their operational ethos.

Overview of FAITH BUILDERS AND REALITIES

FAITH BUILDERS AND REALITIES Private Limited has attracted attention due to its legal proceedings. Out of a total of 1 complaint, the builder has lost that particular case, raising questions about their operational practices.

Legal Case Analysis

The case against FAITH BUILDERS AND REALITIES involved a claimant who sought possession of a flat within an agreed timeframe. However, the flat was not completed, leading to a claim for both possession and a refund of an advance payment amounting to Rs. 6,94,900. The builder's defense was that the flat's completion was pending, which justified their inability to provide possession. In an unexpected turn, the Adjudicating Officer ruled in favor of the claimant, ordering the builder to repay the total amount with interest and additional compensation for mental distress and legal expenses.

The lost case indicates a recurring issue with the timely completion of projects and adherence to agreements. Lack of communication about project status and refunds appears to be a significant contributing factor to disputes.

On the other side, while FAITH BUILDERS has won 0 cases, the focus remains solely on the 1 case they lost. With no victories to showcase, potential buyers may find this a red flag regarding the builder's operational reliability.

Having no cases won implies a concerning trend, suggesting that past projects may not have met legal expectations, casting doubts over the builder's capacity to handle disputes favorably.

Conclusion

Based on the provided data, FAITH BUILDERS AND REALITIES Private Limited exhibits a troubling pattern with a history of losing legal complaints. They seem to have struggled with delivering projects on time, which has resulted in financial disputes with clients.

Considering purchasing from FAITH BUILDERS? Here are some tips:

• Conduct Thorough Research: Before making any commitments, extensively research the builder’s past projects and reviews from previous buyers to gauge their reliability.
• Seek Legal Advice: If you proceed, consider having legal assistance to evaluate your contract and rights as a buyer.
• Inspect Projects: Visit completed sites to assess the quality of construction and timely delivery of properties.

Lastly, when selecting any builder, always ensure you weigh the following:

• Review Customer Feedback: Look for testimonials and case histories.
• Check Registration and Certifications: Ensure the builder is legally registered and follows industry standards.
• Investigate Financial Stability: A financially strong builder is less likely to run into issues that delay project completion.

In the end, making an informed decision can protect your investment and ensure a smoother home buying process.

Analysis of the cases filed against Faith Builders and Realities Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Refund and Compensation Disputes.

The cases often involve claims from buyers that the builder failed to provide possession of their flats within the agreed-upon timeframes. This delay frequently coincides with a lack of refund for advance payments, leading to dissatisfaction among buyers who feel aggrieved on multiple fronts. The builder's common defense revolves around their assertion that buyers are not entitled to refunds or compensation because the flats were not completed on schedule. However, the legal verdicts have consistently favored the buyers, emphasizing the need for builders to adhere to timelines and fulfill their contractual obligations.

A notable pattern in these cases is the recurring theme of buyers contesting delays and seeking refunds due to the builder’s inability to deliver properties as promised. There are also instances where buyers claim compensation for mental distress and other damages incurred where builders fail to meet expectations. The builder's losses in these cases often stem from insufficient evidence to support their claims, failure to comply with regulatory requirements governing real estate transactions, and a general lack of accountability for delays.

The verdicts serve as a warning to builders about the importance of transparency and adherence to schedules. Buyers, on the other hand, are encouraged to be vigilant and to ensure that their agreements include robust clauses that protect their interests in the event of delays or non-fulfillment of promises by builders. Overall, this analysis highlights significant issues within the operational practices of Faith Builders and Realities Private Limited and serves as a crucial insight for potential buyers considering engagements with this builder.