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GODREJ VESTAMARK LLP

  • No of Complaints: 13
  • States (Active in): Delhi, National Capital Territory Of Delhi, Nct Of Delhi, Nct Of Delhi & Ut Of Chandigarh
CIN Not Available
Year Established 20-Apr-17
Address Godrej One, 5th Floor, Pirojshanagar, Eastern Express Highway, Vikhroli (East) , Mumbai Mumbai Maharashtra 400079
Company Status Not Available

Introduction

When investing in real estate, buyers often delve into the reputation and reliability of builders. One such builder, GODREJ VESTAMARK LLP, is noteworthy due to its legal history that has raised concerns among potential buyers. This blog post takes a closer look at the builder's track record based on case data, offering insights that can aid in making informed purchasing decisions.

Legal Case Overview

GODREJ VESTAMARK LLP has faced a total of 13 complaints, with only 1 case won and 12 cases lost. Notably, the builder operates primarily in the regions of Delhi, NCT of Delhi & UT of Chandigarh, and the National Capital Territory of Delhi. A detailed examination of the cases provides a clearer picture of the common issues encountered by buyers and the builder’s responses.

Analysis of Cases Lost

The cases lost by GODREJ VESTAMARK LLP reveal several recurring themes:

  1. Refund Disputes: A significant number of losses stemmed from backlash against the builder’s refusal to issue refunds. In many instances, the respondents (or buyers) argued that changes in project plans or financial difficulties justified their claims for refunds, which the builder contested.
  2. Cancellation Claims: In multiple cases, the builder claimed that buyers had voluntarily canceled their bookings, which was challenged by the respondents who argued there was no formal contract to support that assertion.
  3. Lack of Documentation: Some cases showcased a failure on the part of the builder to provide adequate documentation pertaining to agreements for sale, which significantly weakened their defense.

These patterns indicate potential operational shortcomings in handling buyer contracts and transparency regarding project alterations.

Analysis of Cases Won

On a more positive note, GODREJ VESTAMARK LLP won 1 case. In this instance, the appellant sought an extension for a deposit, which the authority granted, demonstrating the builder’s compliance with procedural binds when proper claims are made. This case illustrates that the builder is capable of successfully managing certain legal aspects, especially when there is cooperation and adherence to contractual obligations from both parties.

Summary of Authority Verdicts

In stark contrast to their 1 victory, the builder's substantial losses highlight their struggles in legal disputes, primarily surrounding the refund of payments made by buyers in different projects they have undertaken. The consistent direction of refund payments with interest from authorities showcases a trend of siding with the buyers, reflecting dissatisfaction with the builder's practices.

Conclusion: Assessing GODREJ VESTAMARK LLP

Overall, while GODREJ VESTAMARK LLP operates in a sought-after real estate market, its track record of legal disputes raises critical flags for potential buyers. With 12 legal losses overshadowing their solitary win, buyers should exercise caution.

Tips for Potential Buyers

  1. Conduct Comprehensive Research: Investigate the builder’s track record thoroughly. Check for reports, customer reviews, and feedback about both the quality of construction and customer satisfaction.
  2. Conclusion of Proper Documentation: Ensure all agreements are fully documented and legally binding before proceeding with any transactions.
  3. Consult Legal Experts: If considering a purchase, it may be beneficial to consult with a legal expert who specializes in real estate to help navigate any potential contractual issues.
  4. Request Clarifications: Do not hesitate to ask for details regarding project plans, timelines, and any potential changes that might occur during the development process.

General Tips for Selecting a Builder

  • Look for Testimonials: Experience shared by previous buyers can provide valuable insights into the builder’s reliability and quality of work.
  • Visit Completed Projects: Whenever possible, visit completed projects by the builder to assess the quality and finish of the work.
  • Understand the Terms: Be clear on terms related to cancellation, refunds, and warranties associated with the new property.
  • Trust Your Instincts: If something feels off or makes you uncomfortable during the process, it’s worth exploring other options.

In summary, prospective buyers of GODREJ VESTAMARK LLP should weigh these insights carefully, balancing the desire for property investment against the potential risks illustrated by the builder’s legal history.

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Refund Claims Due to Unforeseen Circumstances Disputes Over Sale Consideration and Contractual Obligations Changes in Layout and Building Plans Without Consent

Analysis of the cases filed against Godrej Vestamark LLP, where the builder lost, reveals several key themes and key issues in their disputes with clients. The cases highlight a range of concerns primarily revolving around financial disputes related to refunds, the acceptance of sale considerations, and the builder's obligations regarding project changes.

The first common theme among the cases is the claim for refunds due to unforeseen circumstances. In multiple instances, buyers sought to recover their investments when they encountered situations that prevented them from proceeding with the purchase. The builder, however, often contested these claims by invoking the terms of the application form, which they believed entitled them to forfeit the amounts paid. The authority consistently ruled in favor of the buyers, indicating a legal expectation that builders should be more accommodating in exceptional circumstances.

The second theme involves disputes over the total sale consideration and the contractual obligations established during the purchase process. Buyers alleged that the amounts they were expected to pay were unacceptable, leading them to seek refunds. The builder's defense typically hinged on the claim that buyers were fully informed of the terms and conditions before applying, thus creating a binding contract. However, the decisions again favored the buyers, suggesting that the builder's reliance on the application form's terms may not be sufficient to override other legal protections available to consumers.

The final theme arises from changes proposed by the builder to the layout and building plans without obtaining the consent of the buyers. This led to claims that the builder had unilaterally altered the agreed-upon project, prompting buyers to demand refunds based on the lack of consultation. The builder's position was undermined by the ruling that their proposed changes violated the trust placed by buyers in the original plans.

A pattern emerges from these summaries: common triggers for litigation include financial distress, dissatisfaction with project financials, and unilateral changes by the builder. In each case, the builder's loss can be attributed to a combination of factors: insufficient evidence to support their claims of forfeiture or compliance with contracts, non-compliance with regulatory requirements regarding transparency and consent, and a fundamental misunderstanding of the protections afforded to buyers under the law.

This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.

Case Number State Summary Case Topic Detailed Summary Appellant Name Respondent Name Source
Comp. No. 29/2021 National Capital Te… The complainants, Mr. Vipul Ahuja and Mrs. Neena … ["Refund of deposit… {"appellant_claim": "The complainants claimed tha… Mrs. Neena Ahuja Godrej Vestamark LLP https://rera.delhi.gov.in/sites/default/files/master_cases/29_2021%28For%20Pronouncement%29/Orders/29%202021%20%28Final%20Order%20dt.%2006-09-2022%29.pdf
Comp. No. 45/2021 Delhi Complainants sought refund of amount deposited wi… ["Refund of deposit… {"appellant_claim": "The Complainants sought refu… Mr. Mohd. Mobeen An… Godrej Vestamark LLP https://rera.delhi.gov.in/sites/default/files/master_cases/45_2021%28For%20Pronouncement%29/Orders/45%202021%20%28final%20order%20dt.%2009%2011%202022%29.pdf
Comp. No. 146/2021 National Capital Te… The complainants sought refund of amount deposite… ["Refund of amount … {"appellant_claim": "The complainants sought refu… Mr. Surendra Edupgh… Godrej Vestamark LLP https://rera.delhi.gov.in/sites/default/files/master_cases/146_2021%20%28For%20Pronouncement%29/Orders/146%202021%20%28Final%20Order%20dt.%2031-08-2022%29.pdf
Com/21/03/2023 Delhi The complainants sought refund of the amount paid… Refund of amount pa… {"appellant_claim": "The complainants claimed tha… Ms. Shubhra Chatter… Godrej Vestamark LLP https://rera.delhi.gov.in/sites/default/files/Com%2021%2003%202023%20final%20order%2030-01-2024.pdf
Refund Disputes Voluntary Cancellation Claims Lack of Formal Agreements Litigation for Non-Compliance Appeal Dismissals

The analysis of the cases filed by the builder GODREJ VESTAMARK LLP, which it lost, reveals several insights into the nature of disputes commonly faced by this builder.

Refund Disputes

A recurring theme in the cases is the issue of refunds. In multiple instances, the builder contested claims made by respondents seeking refunds of amounts paid. The builder argued that the respondents were not entitled to these refunds; however, verdicts consistently favored the respondents, with courts affirming the need for the builder to return the funds. This situation often arose due to changes in project plans or financial difficulties faced by the respondents, ultimately compelling the builder to concede.

Voluntary Cancellation Claims

Another frequent dispute involved claims surrounding voluntary cancellations. The builder often asserted that respondents canceled their bookings willingly, thus entitling them to retain the booking amount. Yet, in both cases summarized, the builder was unable to substantiate its claims effectively, as respondents maintained that they had not canceled voluntarily and pointed out the absence of formal agreements for sale to support their positions.

Litigation for Non-Compliance

The builder faced challenges when it came to compliance with legal and contractual obligations. In one instance where details are sparse, the ruling required the builder to bear the costs, suggesting that the court found some form of non-compliance or insufficient justification in the builder's arguments. This indicates a potential pattern where the builder may have failed to adhere to legal frameworks or recognized standards in real estate transactions.

Appeal Dismissals

The builder also experienced dismissals in appeals, both for lack of prosecution of claims and issues concerning the adequacy of their arguments. In multiple cases, the appeals were not only dismissed but were also met with orders reaffirming previous rulings. The dismissal for non-prosecution indicates a troubling trend toward neglecting important litigation processes, which could be detrimental for a builder's credibility in the long term.

Common Reasons for Loss

The reasons behind the builder's losses appear largely connected to a lack of solid evidence in defense of their claims, failure to properly document agreements, and misinterpretation or mismanagement of contractual terms. Additionally, the courts determined that the builder's arguments fell short of addressing the fundamental issues raised by the respondents, resulting in judgments that upheld the respondents' rights to refunds and costs.

Overall, these case summaries present a comprehensive look into the disputes faced by GODREJ VESTAMARK LLP, illustrating the significance of adhering to contractual agreements, maintaining clear communication with clients, and ensuring compliance with legal standards. Buyers considering engagements with this builder should tread carefully, as these outcomes raise concerns regarding the builder's operational practices and commitment to fulfilling obligations.

This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.

Case Number State Summary Case Topic Detailed Summary Appellant Name Respondent Name Source
108/REAT/2022 NCT of Delhi & UT o… The appeal was dismissed, and the appellant was d… ["Cost", "Appeal"] {"appellant_claim": "Not provided", "respondent_c… Godrej Vestamark LLP Mrs. Rehana Bano an… https://rera.delhi.gov.in/sites/default/files/reat/orders_temp/15.05.2023.pdf
97/REAT/2022 NCT of Delhi & UT o… Appellant Godrej Vestamark LLP filed an appeal, b… ["Default", "Non-pr… {"appellant_claim": "Not provided", "respondent_c… Godrej Vestamark LLP Vipul Ahuja https://rera.delhi.gov.in/sites/default/files/reat/orders_temp/22-02-2023.pdf
Extension of Time for Deposits Disputes over Compliance with Legal Requirements

An analysis of the cases filed by the builder, GODREJ VESTAMARK LLP, which it won, revealed the following information. The cases primarily center around two recurring themes: 'Extension of Time for Deposits' and 'Disputes over Compliance with Legal Requirements'.

In terms of 'Extension of Time for Deposits', the builder brought forth cases seeking more time to make necessary financial deposits under different provisions of the law. These commonly arose due to various factors, including procedural delays or unanticipated circumstances impacting the builder's operations. The cases indicate a pattern where timely compliance is sought but can be hindered by external situations.

Regarding 'Disputes over Compliance with Legal Requirements', this category reflects the builder's legal efforts to contest penalties and unfounded claims related to regulatory issues. These disputes often arise when parties impose penalties or accusations that the builder believes to be exaggerated or misplaced.

One of the cornerstones of why GODREJ VESTAMARK LLP successfully won these cases was the evident insufficient evidence from opposing parties. In instances where claims were asserted, there was often a lack of substantial proof to support those claims. The builder was able to effectively make its case in court, standing firm on the legal stipulations and demonstrating compliance with relevant requirements, further showcasing a pattern of misunderstanding by other parties regarding project classifications or applicable laws.

The outcomes of these cases offer insights into the reputation of GODREJ VESTAMARK LLP within the real estate market. It is apparent that buyers or other stakeholders may sometimes resort to legal action based on unfounded claims. The builder's strong track record of defense affirms that they can counteract unjust accusations, portraying a competent and resilient approach to litigation.

For potential buyers, this analysis carries vital implications. It underscores the importance of making informed decisions when engaging with builders. While legitimate disputes can arise in the real estate sector, the experiences of GODREJ VESTAMARK LLP suggest that claims often require careful scrutiny. Buyers should not hastily draw conclusions based on accusations heard during transactions; instead, they should seek verified information and consider the builder's ability to defend against spurious claims before forming an opinion on their reputation.

This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.

Case Number State Summary Case Topic Detailed Summary Appellant Name Respondent Name Source
Appeal No.97/REAT/2… NCT of Delhi & UT o… Appellant sought extension of time to make deposi… ["Extension of time… {"appellant_claim": "Appellant sought extension o… Godrej Vestamark LLP Vipul Ahuja https://rera.delhi.gov.in/sites/default/files/reat/orders_temp/28-11-2022.pdf

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