| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding Prestige Estates Project Limited: A Comprehensive Overview
Prestige Estates Project Limited is a prominent player in the real estate sector, particularly known for its activities in Tamil Nadu and Karnataka. However, with a significant number of complaints filed against the builder, it's crucial to analyze their track record and assess what potential buyers should consider when looking to invest in one of their properties.
Builder Overview
- Name: Prestige Estates Project Limited
- Number of Complaints: 214
- Cases Won: 79
- Cases Lost: 135
- States with Projects: Tamil Nadu, Karnataka
Legal Case Details
Cases Where the Builder Lost
Out of the total complaints, Prestige Estates has prominently lost 135 cases. Here are some common themes observed in these cases:
- Delay in Possession: A large number of complaints were filed due to delayed possession of apartments. Buyers frequently claimed compensation for the extensive delays in handing over their respective properties.
- Quality of Construction: …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Individual case details available for subscribers.
Cases Won by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder, Prestige Estates Project Limited, which it won, revealed the following information.
Throughout the cases reviewed, several key themes emerged, highlighting a pattern of disputes primarily relating to payment issues, regulatory compliance, and challenges against orders issued by adjudicating bodies.
- Payment Disputes: A notable number of cases revolved around allegations from the builder asserting that payments owed to them were not made. In counterclaims, respondents often contended that they had fulfilled their financial obligations. Settlements were frequently reached amicably, indicating a willingness from both sides to negotiate rather than pursue protracted legal battles.
- Regulatory Compliance Issues: Many cases addressed accusations concerning adherence to regulatory requirements set forth by the Real Estate Regulatory Authority (RERA) and other bodies. The builder’s claims often involved contesting adverse orders related to compliance while respondents asserted various forms of non-compliance by the builder. The builder …
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, Prestige Estates Project Limited, which the builder won, revealed several insights regarding disputes commonly encountered in the real estate sector.
1. Delayed Possession Claims:
A significant number of cases related to claims of delayed possession of apartments. Complainants sought compensation due to perceived delays in the handover of properties. In many cases, the builder demonstrated that delays were caused by external factors, such as unforeseen circumstances or changes in regulations, allowing the claims to be effectively countered.
2. Compensation Settlements:
Many disputes revolved around compensation claims for project delays or issues with the apartments post-handover. In some instances, after negotiations, parties opted to withdraw complaints when out-of-court settlements were reached. This suggests a willingness from the builder to resolve disputes amicably when possible.
3. Regulatory Compliance and RERA Registration Issues:
Several complaints were brought forward …
Individual case details available for subscribers.
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