| CIN | L07010KA1997PLC022322 |
|---|---|
| Year Established | Not Available |
| Address | PRESTIGE FALCON TOWER NO.19, BRUNTON ROAD BANGALORE Bangalore KA 560025 IN |
| Company Status | Public |
Overall Case Outcomes
Introduction
PRESTIGE ESTATES PROJECTS LIMITED has established itself in Karnataka's real estate market. However, their track record regarding legal disputes raises questions that potential buyers should consider. In this article, we will analyze the builder's performance based on the number and outcomes of legal complaints and offer valuable advice for prospective investors.
Legal Overview
Complaint Statistics- Number of Complaints: 6
- Cases Won: 1
- Cases Lost: 5
The builder has experienced numerous legal challenges, with a significantly higher number of losses compared to wins. This disparity may reveal underlying issues in customer satisfaction and adherence to promised project timelines.
Case Analysis
Patterns in Lost Cases
In the one case that PRESTIGE ESTATES PROJECTS LIMITED lost, the complainant sought delay compensation for an 18-month delay in possession. Here, the developer argued that they had provided possession within the stipulated timeframe and relied on positive feedback from the complainant. Despite these arguments, the …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
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 PROJECTS LIMITED, which the builder won, revealed several key themes in the disputes. One recurring issue is the 'Delayed Possession Claims,' where buyers sought compensation for delays in project delivery. In one instance, a complaint was filed for delay compensation amounting to 18 months beyond the promised date of possession. However, the developer successfully argued that possession was given within the stipulated timeframe and that positive feedback had been received from the complainant. As a result, the authority dismissed the complaint, instructing the developer to execute the sale deed within 30 days, further highlighting compliance with purchase agreements and timelines.
The reasons for these cases being brought to court often stem from buyers contesting penalties associated with delays and arguing over commitments made by the builder. A common pattern observed in these summaries is that disputes arise from …
Individual case details available for subscribers.
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