| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When it comes to choosing a builder for your next home, understanding their reputation and past performance can help you make an informed decision. Lakshmi Builders, operating in Tamil Nadu, has a noteworthy track record that potential buyers should consider. In this blog post, we'll delve into the builder's legal history, exploring complaints, cases won and lost, and the implications for future homebuyers.
Overview of Lakshmi Builders
Lakshmi Builders specializes in residential projects within Tamil Nadu. However, prospective buyers need to be aware of their legal challenges. The builder has faced two formal complaints resulting in both cases being lost, revealing potential red flags in their business practices. Furthermore, the lack of any cases won indicates a troubling trend that warrants careful consideration.
Legal Case Details
Summary of Cases
- Case One:
- Appellant Claim: Complainants alleged that the flats were not delivered as promised. They requested that the …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Lakshmi Builders, where the builder lost, revealed several key themes across the complaints raised by homebuyers. The cases primarily revolved around three critical issues: delayed possession claims, jurisdictional disputes with the Real Estate Regulatory Authority (RERA), and compensation claims for project delays.
The delayed possession claims encompassed the majority of the complaints, with buyers alleging that the builder failed to deliver flats within the agreed-upon timeframe, which was reiterated in the sales agreements signed by both parties. Buyers sought directives for the builder to expedite the registration of their projects and to effect the handover of possession within a specified period, typically three months, to rectify the significant delays of up to six years observed in these cases.
Additionally, there were frequent jurisdictional disputes with RERA, where the builder contested the authority's oversight by claiming that their projects fell outside the regulatory framework due …
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