PARAMOUNT PROBUILD PRIVATE LIMITED

Understanding Paramount Probuild Private Limited: A Comprehensive Analysis

Paramount Probuild Private Limited is a property development company located primarily in Uttar Pradesh. With a limited number of complaints (5) filed against them, they have won 3 cases while losing 2. This blog aims to delve into the patterns revealed through legal cases involving this builder as well as offer insights for potential buyers.

Legal Case Overview

Paramount Probuild lost a total of 3 cases, which presents a concerning trend for prospective buyers. A few common factors can be identified from these cases:

• Allegations of Non-compliance: The appellants frequently claimed that the builder failed to complete flats according to specifications or timelines. This suggests potential issues with quality and project management.
• Compromise Misunderstandings: In multiple instances, the builder invoked that appellants had entered into compromises regarding their complaints, indicating conflicts over the terms and enforcement of these agreements.
• Delayed …

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Analysis of the cases filed against Paramount Probuild Private Limited, where the builder lost, reveals several key themes and key issues in their disputes.

The cases can be broadly categorized into four types: Delayed Possession Claims, Interest Calculation Disputes, Project Completion and Certification, and Balance Payment and Documentation. Each of these themes highlights the common grievances that buyers experienced when dealing with the builder.

In the Delayed Possession Claims, buyers often found themselves in disputes over the builder's failure to complete projects on time and deliver possession within the agreed-upon timeframe. This was frequently accompanied by a lack of necessary certificates of completion and occupancy, which raised concerns about the legality and safety of the premises. Buyers argued that the builder should be held accountable for these delays and compensate them appropriately, usually in the form of delay interest.

Interest Calculation Disputes emerged as another significant theme. …

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An analysis of the cases filed against the builder, which the builder won, revealed the following information.

The disputes can be categorized into several common themes. Firstly, there are claims related to Delayed Possession Claims, where appellants argued that the builder failed to deliver residences on time as per the agreed specifications. In these cases, the builder successfully defended itself by demonstrating that the appellants had previously entered into compromises, thus invalidating their subsequent claims. Secondly, there were Disputes over Non-compliance with Regulatory Directions. Here, the appellants alleged that the builder did not adhere to the stipulations set forth by the Regulatory Authority, particularly concerning delayed interest payments and possession timelines. However, the builder provided evidence of complete compliance, leading to a dismissal of these claims. Lastly, cases involving Disputes over Compromises and Settlements arose when appellants aimed to contest prior agreements which had already settled their issues …

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