| CIN | U70101KL1991PTC006265 |
|---|---|
| Year Established | Not Available |
| Address | I FLOOR, NEW CORPORATION BUILDING, PALAYAM, TRIVANDRUM KL 695033 IN |
| Company Status | Private |
Overall Case Outcomes
When it comes to real estate investment, selecting a trustworthy builder is crucial to ensure a smooth buying process and timely delivery of property. Unfortunately, some builders fall short, resulting in frustration and financial loss for buyers. One such builder is Great India Estates Private Limited, which has faced significant legal challenges in recent years. In this blog, we will examine the complaints against Great India Estates, the outcomes of their legal battles, and provide insights for potential homebuyers.
Overview of Legal Issues
Great India Estates Private Limited has been the subject of 7 legal complaints, all of which resulted in the builder losing the cases. The common theme across all these cases was the failure to deliver promised apartments within the agreed-upon timeframe, leading to calls for refunds and interest payments to the complainants.
Case Summaries
The cases reflect a startling pattern:
- The claimants consistently sought refunds for significant …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Great India Estates Private Limited, which it lost, reveals significant insights into the builder's primary disputes. The cases can be grouped into two common themes: Delayed Possession Claims and Refund Disputes for Undelivered Apartments.
The majority of the cases revolve around the builder's failure to deliver apartments within the agreed-upon time frame, leading to claims for refunds from the complainants. These cases highlight a consistent pattern where buyers paid substantial amounts for apartments in projects such as 'Grand Asteria,' only to face delays and ultimately seek refunds due to the builder’s inability to fulfill their promises. The refunds sought were often accompanied by interest rate claims of 14.5%, indicating a desire to compensate for the financial distress caused by the delays.
A notable reason for the builder’s losses in these cases is their lack of a valid defense. In multiple instances, the builder …
Individual case details available for subscribers.
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