PRASHANT SAGAR BUILDERS & DEVELOPERS PRIVATE LIMITED
- States Active In: Madhya Pradesh, Madhya Pradesh (Bhopal)
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Understanding a builder's track record is essential for potential homebuyers. This blog delves into PRASHANT SAGAR BUILDERS & DEVELOPERS Private Limited, examining their legal disputes and project history to provide a clearer picture of their reliability and performance in the real estate market.
Overview of PRASHANT SAGAR BUILDERS & DEVELOPERS
PRASHANT SAGAR BUILDERS & DEVELOPERS is a construction firm active primarily in Madhya Pradesh, including Bhopal. Despite a significant presence, they have faced legal challenges, reflected in four complaints, resulting in one case win and three losses. This performance raises concerns for potential buyers aiming to invest in their properties.
Legal Case Analysis
Cases Lost
The builder has experienced losses in vital customer complaints, particularly concerning the delivery of property. In one notable case, the applicant claimed that after paying Rs. 45.00 lakhs, the builder failed to provide possession of a flat or execute a sale deed. The builder …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prashant Sagar Builders & Developers Private Limited, where the builder lost, reveals several key themes across the various disputes. The cases can be broadly categorized into three main topics: Delayed Possession Claims, Failure to Comply with Orders, and Disputes over Payment and Compensation.
The first type of cases primarily involves claims made by buyers regarding delayed possession of their flats. In these cases, buyers presented evidence that they had paid the consideration amount for the flat, yet construction had not commenced, and possession had not been granted. The builder, in their defense, often cited reasons such as insufficient funds and delays in obtaining necessary approvals for the project. However, this defense did not stand, as the adjudicating officer ruled in favor of the buyers, ordering the builder to repay the balance amount along with interest and compensation for mental distress.
The …
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, PRASHANT SAGAR BUILDERS & DEVELOPERS Private Limited, which the builder won, revealed the following insights. The cases predominantly fell into three main categories: Delayed Possession Claims, Disputes over RERA Registration, and Regulatory Non-compliance Claims. Each of these categories highlights key concerns typically raised by buyers against builders in the real estate market.
The Delayed Possession Claims involve buyers claiming that they did not receive their properties as promised, often alleging that payments made for flats were ignored or mismanaged by the builders. The Disputes over RERA Registration emphasize the importance of complying with regulatory frameworks in real estate transactions. Lastly, Regulatory Non-compliance Claims reflect issues where buyers contest the adherence of builders to municipal regulations or project standards.
The reasons behind these cases largely stem from buyer dissatisfaction—such as perceived delays in possession, claims that builders failed …
Individual case details available for subscribers.
Builder Reviews
No reviews for this builder yet. Be the first one to share your thoughts!