| CIN | U45200MH2005PTC157848 |
|---|---|
| Year Established | Not Available |
| Address | G 2/3 GUJLAXMI APTSOFF RAM MANDIR ROAD BABHAI NAK BORIVALI W MUMBAI MH 400092 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
Prashanti Land Developers Private Limited is a real estate builder situated in Maharashtra, holding a notable position within the local property market. However, with only a few legal complaints and an unsuccessful track record in court cases, it is essential to delve deeper into the history and characteristics of this builder. This article will explore the company's legal background, analyze the cases brought against them, and provide crucial tips for potential buyers looking to invest in real estate with Prashanti Land Developers.
Legal Background: An Overview of Complaints
Prashanti Land Developers has encountered a total of two complaints in legal proceedings, both of which resulted in unfavorable outcomes for them. The details surrounding each case shed light on the issues faced by the builder.
Case Summaries
In both instances, allottees took action against the builder, claiming:
- Failure to execute the agreement for sale
- Failure to hand over possession of …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prashanti Land Developers Private Limited, where the builder lost, revealed significant insights into their dealings with allottees. The cases primarily revolved around three key themes: failed execution of agreements for sale, delayed possession claims, and the creation of third party interests in properties.
The first type of case frequently observed was the builder's failure to execute agreements for sale. In these instances, allottees claimed that Prashanti Land Developers did not fulfill their contractual obligations, leading to a lack of clarity and security in the purchase. This theme was consistently paired with delayed possession claims, where buyers asserted that they were not provided timely possession of their flats. The builder's inability to meet these fundamental requirements of real estate transactions was a major contributor to the legal disputes.
Another recurring issue was the builder's creation of third party interests in the subject flats. Allottees alleged …
Individual case details available for subscribers.
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