| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
MARG PROPERTIES Limited: A Comprehensive Overview of Complaints and Legal History
MARG PROPERTIES Limited has emerged as a notable player in the real estate industry, particularly in the regions of Tamil Nadu and the Andaman & Nicobar Islands. As with any builder, potential buyers and stakeholders need to understand their legal history and the number of complaints that have been filed against them. In this blog, we will analyze the complaints lodged against MARG PROPERTIES, the outcomes of these cases, and offer insights for prospective buyers.
Overview of Complaints and Legal Cases
MARG PROPERTIES Limited has faced a total of 17 complaints. Out of these, they have won 2 cases, but unfortunately, they have also lost 15 cases, which indicates a concerning ratio of lost to won cases. This raises flags, especially for potential buyers considering investment with MARG PROPERTIES.
Legal Case Breakdown
Cases Lost by the …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against MARG PROPERTIES Limited, which it lost, revealed significant insights into the builder's legal disputes. The cases can be broadly categorized into several themes, highlighting common areas of contention.
Many of the disputes revolved around Delayed Possession Claims, where the complainants sought relief due to the incomplete construction of the project. For instance, multiple cases focused on the project 'Savithanjali,' where the builder claimed that certain blocks were structurally completed and thus excluded from registration, yet the Authority directed the builder to register those blocks as part of the project. This pattern indicates a prevalent concern among buyers regarding timely delivery and the builder’s accountability for completing projects on schedule.
Non-compliance with Regulatory Requirements emerged as another critical theme. The builder faced several cases where the complainants sought to direct the promoter to register the entire project with the Real Estate Regulatory Authority (RERA). …
Individual case details available for subscribers.
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed by the builder MARG PROPERTIES Limited, which it lost, reveals significant insights into the types of disputes that frequently arose. These cases can be grouped into several common themes: 'Project Registration Disputes', 'Incomplete Project Claims', 'Regulatory Non-compliance', and 'Structural Stability Issues'. Each of these themes sheds light on specific areas where the builder faced challenges and highlights potential pitfalls for buyers considering properties from this builder.
The theme of 'Project Registration Disputes' focused on disagreements regarding whether projects needed to be registered under the Real Estate (Regulation and Development) Act (RERA). In the cases examined, the builder often claimed that projects were completed, thereby exempting them from registration. However, the opposing parties contended that these projects were still ongoing and did require registration, leading to unfavorable verdicts for the builder.
Additionally, within 'Incomplete Project Claims', the builder's frequent assertion that …
Individual case details available for subscribers.
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, MARG PROPERTIES Limited, which the builder won, revealed the following information.
There are a few key recurring themes observed in these cases, primarily revolving around commission shopping in complaints, multiple forum filings, and the tendency of appellants to file complaints without properly withdrawing previous claims, particularly in the Real Estate Regulatory Authority (RERA) and the Consumer Disputes Redressal Commission (CDRC).
The main reasons for these cases being brought to court often included complaints about RERA filings without appropriate withdrawal of prior claims and the builders' alleged engagement in 'commission shopping.' This suggests a pattern where buyers or opposing parties may feel dissatisfied and seek remedies across multiple platforms, leading to complex legal disputes.
Despite the gravity of these claims, MARG PROPERTIES Limited successfully defended itself in these instances. The verdicts were dismissed primarily due to the opposing parties' failure to provide …
Individual case details available for subscribers.
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