JANGID PROPERTIES

Introduction

In the competitive landscape of real estate, potential buyers often seek to align themselves with reputable builders. One such entity is Jangid Properties, which operates primarily in Maharashtra. However, prospective homeowners should be aware of the builder's legal track record. This blog post delves into Jangid Properties' legal cases, providing insights into their performance in disputes and what this may mean for potential buyers.

Legal Overview of Jangid Properties

Jangid Properties has faced a total of three legal complaints, all of which resulted in losses for the builder. Understanding the details of these cases can offer valuable insights into the company's practices and the challenges faced by past clients.

Cases Lost

Jangid Properties has not won any of the three cases brought against it, indicating a concerning pattern. These cases predominantly revolved around issues of compliance with judgment decrees and delays in possession delivery.

1. Failure to Comply with Judgment Declarations: In the first reported case, the appellant asserted that Jangid Properties did not comply with court-ordered directives. While the builder claimed that it had undertaken compliance, the final verdict left open the possibility for the appellant to seek further legal remedies if compliance was still not met.
2. Delays in Possession Delivery: In another instance, the appellant requested interest for possession delays dating back to April 2014. The tribunal ultimately decided in favor of the appellant by modifying the order to require Jangid Properties to pay interest on the delayed possession.

These cases reflect a common theme of disputes related to compliance and delivery timelines, suggesting that the builder may struggle in fulfilling its commitments to clients.

Cases Won

In contrast to the losses, Jangid Properties' cases won encapsulate claims wherein they accepted the appellant’s concerns. While they were technically 'won' in the sense that the verdicts did not outright state liability or fault, the outcomes lean towards a narrative where the builder had to adjust their practices post-verdict for compliance and better communication regarding timelines.

Conclusion

Given the data available, Jangid Properties does not maintain a favorable record with regards to legal disputes. With three losses and no wins that favorably exonerate them, potential buyers should exercise caution before entering into any agreements with this builder.

Tips for Potential Buyers Considering Jangid Properties

• Research Thoroughly: Investigate past projects and any existing complaints against the builder to gauge their reliability and customer satisfaction.
• Seek Legal Counsel: Before signing contracts, consult with a legal expert familiar with real estate transactions to understand your rights and the implications of the builder's legal history.
• Ask for Transparency: Request clear timelines regarding when properties will be delivered and ensure that your agreement contains clauses for compensation in case of delays.

General Tips for Buyers When Selecting Any Builder

1. Check the Builder's Reputation: Look for online reviews, ratings, and feedback from previous homeowners.
2. Visit Completed Projects: If possible, tour completed projects to assess the quality of construction and workmanship.
3. Review Legal Standing: Check for any ongoing or past legal disputes with the builder and how these were resolved.
4. Understand Payment Terms: Make sure you are clear about the payment structure and any potential penalties for delays in construction.
5. Be Aware of Your Rights: Familiarize yourself with real estate laws in your state to safeguard your investment.

By following these guidelines, you can better navigate the complexities of real estate transactions and make informed decisions when considering builders like Jangid Properties.

Analysis of the cases filed against Jangid Properties, where the builder lost, reveals several key themes across the various disputes. The cases can be broadly categorized into three main topics: Delayed Possession Claims, Non-compliance with Judgment Decrees, and Interest Claims for Delayed Delivery.

The Delayed Possession Claims involve situations where buyers contested the builder's failure to deliver properties on time. For instance, in one case, the appellant claimed interest for the delayed possession of a flat from April 2014 until the actual delivery. These cases often revolve around the builder's inability to meet promised timelines and the resulting financial losses for buyers.

The Non-compliance with Judgment Decrees theme arises from the builder's failure to adhere to legal rulings made against them. There were instances where the builder did not fulfill their commitments as outlined in judgment decrees, leading to further legal action. The execution applications in these cases highlight the challenges faced by buyers in enforcing compliance with court orders.

Interest Claims for Delayed Delivery overlap with the first theme and emphasize the financial repercussions that buyers face when properties are not delivered promptly. In one significant case, the builder was ordered to pay interest at a rate equivalent to the highest marginal cost of lending rate of the State Bank of India plus 2% per annum, demonstrating the considerable financial penalties that can accrue from delays.

Common reasons for the litigation in these cases include the builder's failure to deliver possession on time, inadequate servicing of judgment decrees, and disputes over interest compensation for delays. The patterns emerging from these summaries indicate that buyers are often driven to court by the builder's non-compliance with timelines and legal commitments, which reflects a broader trend in real estate transactions where delays and unfulfilled promises are prevalent.

The builder lost these cases primarily due to insufficient evidence of compliance with judgment decrees, failure to fulfill promises of timely delivery, and lack of adherence to regulatory requirements. The outcomes suggest a systemic issue within the builder's operations, possibly related to project management or legal compliance, which resulted in multiple legal losses. Understanding these themes and reasons for loss can provide valuable insights for potential buyers considering transactions with Jangid Properties.