| CIN | U70100HR2011PTC043561 |
|---|---|
| Year Established | Not Available |
| Address | 41st Floor, Tower-1, M3M International Financial Center, Sector-66, Badshahpur Badshahpur Gurgaon HR 122101 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the ever-evolving real estate landscape, understanding the performance and reliability of builders is crucial for potential buyers. In this blog post, we delve into the performance of Olive Realcon Private Limited, exploring their legal track record, patterns in complaints, and offering insights for prospective homeowners.
Overview of Olive Realcon Private Limited
Olive Realcon Private Limited operates primarily in Haryana and has garnered a total of seven complaints. The builder has faced off in the legal arena where their track record reflects one case won and six cases lost. This raises important questions about the builder's reliability and service quality.
Legal Case Analysis
1. Cases Lost
Olive Realcon Private Limited has lost a notable number of cases, specifically one, which is crucial to assessing their operational transparency.
- Key Details: The lone lost case involved a complainant whose allotment was canceled without sufficient justification. In contrast, the builder argued that …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, Olive Realcon Private Limited, which the builder won, revealed the following information. The cases predominantly revolved around three common themes: Cancellation of Allotments, Payment Delays, and Refund Disputes.
Firstly, Cancellation of Allotments was a significant area of contention, wherein complainants often claimed their allotments were canceled without due justification. In these instances, the builder maintained that these cancellations were based on the failure of the complainant to make timely payments despite multiple reminders.
Secondly, Payment Delays emerged as another prevalent theme, with buyers frequently disputing the repercussions of missed payments or the grounds for cancellation. The builder consistently argued that their actions were within legal boundaries and necessary due to the lethargy displayed by some buyers in making timely payments.
Lastly, Refund Disputes were also commonly presented, where complainants sought refunds despite having contracts that stipulated penalties for …
Individual case details available for subscribers.
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