FAREENA INFRASTRUCTURES PRIVATE LIMITED

Introduction

Fareena Infrastructures Private Limited operates in the real estate sector in Haryana, but recent legal issues have raised important questions for potential buyers. With a record of two complaints filed against them, both resulting in losses, it’s vital for prospective clients to analyze their standing before making any commitments. In this blog post, we delve into the details surrounding the complaints and assess the implications for potential buyers.

Legal Case Overview

Fareena Infrastructures Private Limited has faced two legal cases, both of which they lost. The crux of the matter in these complaints revolves around the project 'Micasa' in Sector-68, Gurugram, where the complainants claimed they paid Rs. 29,50,000 for a flat and sought a refund. The builder defended their stance by stating that the complainants had originally requested a transfer from another project, 'Coban Residences,' to 'Micasa' and had agreed to the terms of the agreement, including the payment plan.

The final verdict in both cases directed Fareena Infrastructures to refund the full amount paid by the complainants, minus a 10% earnest money forfeiture and interest at 10.60% per annum until the refund date. This pattern indicates a consistent outcome when disputes arise regarding cancellations and refunds.

Patterns in the Legal Outcomes

Cases Lost

1. Refund Issues: Both complaints centered around refund requests for payments made towards flats in 'Micasa'. The consistent theme indicates dissatisfaction with the transaction and contract execution.
2. Contractual Agreements: The builder argued that the complainants had agreed to specific terms when transferring their unit from another project. This detail shows that clear communication and transparent agreements are critical in their transactions.

Cases Won

Interestingly, both legal complaints did not reflect a win for the builder; rather, they culminated in losses for the firm. The verdict mandated refunds, indicating that the builder has not successfully defended its position in any legal dispute, signifying a worrying trend for consumer trust.

Conclusion

Based on the legal history surrounding Fareena Infrastructures Private Limited, potential buyers should proceed with caution. The lack of successful defenses in legal cases raises red flags regarding the company's commitment to fulfilling its obligations towards buyers.

Tips for Potential Buyers

1. Thorough Research: Investigate the builder's history and any existing complaints or legal issues to assess their reliability.
2. Understand the Terms: Ensure clarity around any agreements, especially terms regarding payments, refunds, and changes.
3. Negotiate Clear Terms: Before finalizing any agreements, negotiate to have all terms clearly defined and documented to avoid potential disputes.
4. Seek Expert Advice: Consult with a real estate lawyer to review contracts and provide guidance on potential risks.

General Tips for Selecting Any Builder

1. Check Reviews: Look for reviews and testimonials from previous buyers to understand their experiences with the builder.
2. Verify Credentials: Ensure that the builder has the necessary licenses and is registered with relevant authorities.
3. Assess Project Quality: Visit past projects and evaluate the quality of construction and adherence to timelines.
4. Consider Financial Stability: A financially stable builder is less likely to compromise on quality or customer service.

By remaining informed and cautious, potential buyers can navigate the real estate landscape more effectively and make sound investment decisions.