| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the dynamic world of real estate, selecting a trustworthy builder is paramount for potential homeowners. One such builder, Prakash Realty, operates primarily in Tamil Nadu. This blog seeks to provide a detailed overview of Prakash Realty's performance based on recent legal disputes and offers valuable tips for prospective buyers considering an investment with them.
Performance Overview of Prakash Realty
Prakash Realty has an unfortunate record when it comes to legal disputes. The builder faced a total of 2 complaints, both of which resulted in losses, indicating potential concerns regarding their project execution and customer satisfaction.
Legal Case Analysis
Cases Won by the Builder:Interestingly, while the builder has lost both recorded cases, the details of the complaints show a pattern of disputes centered around possession and registration of their projects. Both cases involved complaints where the developers failed to provide possession of the flats and ensure that their …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prakash Realty, where the builder lost, revealed significant insights into the common themes and disputes surrounding their projects. The cases primarily revolved around two key issues: delayed possession claims and disputes over registration with the Tamil Nadu Real Estate Regulatory Authority (TNRERA).
The delayed possession claims encompassed the complaints made by the buyers seeking possession of their completed flats. In each case, the builder contested these claims by asserting that the project was finished and therefore exempt from registration with TNRERA. However, the authority ruled against the builder, mandating the registration of the project and the handover of possession to the buyers. This pattern indicates a troubling trend where the builder may have been attempting to circumvent regulatory requirements, potentially to avoid oversight and accountability.
The reasons for these disputes appear to stem from the builder's failure to comply with the necessary legal and …
Builder Reviews
No reviews for this builder yet. Be the first one to share your thoughts!