| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding PRASHANTI NILAYAM DEVELOPERS: A Close Look at Legal Matters and Buyer Considerations
Introduction
Prashanti Nilayam Developers, operating in Gujarat, has garnered attention due to its mixed record in legal disputes. With two notable complaints filed against it, this developer presents both opportunities and risks for potential buyers. In this blog, we will dissect the legal outcomes faced by Prashanti Nilayam, analyze patterns in their cases, and provide advice for prospective homeowners considering their projects.
Overview of Legal Cases
Cases Filed Against Prashanti Nilayam Developers
Prashanti Nilayam Developers has faced a total of two complaints, resulting in one victory and one loss:
- Case Lost: A complainant accused the builder of not providing clear documentation and misleading potential buyers about project details. The final ruling stated that the complainant was obliged to pay the due amount, emphasizing that the promoter must comply with the lease conditions.
- Case Won: In …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prashanti Nilayam Developers, where the builder lost, reveals several key themes across the disputes. The primary areas of contention can be grouped into advance payment disputes, non-compliance with the RERA Act, and penalties for regulatory violations.
In the case highlighted, the promoter collected more than 10% of the cost as an advance payment without registering the sale agreement for 19 units out of 135 sold. This raises a significant concern about the builder's adherence to the RERA Act, particularly Section 13(1), which likely stipulates acceptable practices for taking advance payments. The authority fined the promoter ₹1,00,000 in this instance, indicating a serious violation of regulatory standards.
Common reasons for bringing cases to court in these scenarios often revolve around the builder’s non-compliance with legal requirements. Buyers may contest advance payments when agreements remain unregistered, leading to a lack of contractual security in their investments. …
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 PRASHANTI NILAYAM DEVELOPERS, where the builder won, revealed several insights into the nature of disputes and the outcomes. The complaints predominantly revolved around three key themes: Documentation Disputes, Payment Obligations, and Regulatory Compliance.
- Documentation Disputes: There were allegations that the builder was not providing clear documents and was hiding the truth from prospective allottees. These disputes often stemmed from misunderstandings or miscommunications regarding the documentation process, which can be critical when prospective buyers finalize their decisions.
- Payment Obligations: Another common theme involved disputes over payments, where the complainants claimed that they were not liable to pay amounts due under the lease agreements. Such claims indicate a potential misunderstanding between the builder and buyers regarding their contractual obligations.
- Regulatory Compliance: Cases also highlighted the importance of compliance with regulatory requirements, where builders were challenged about their adherence to …
Individual case details available for subscribers.
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