| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding PRISHA PROPERTIES INDIA Private Limited: A Cautionary Tale for Home Buyers
In the realm of real estate, selecting the right builder is paramount for ensuring a smooth purchasing experience and a satisfactory end product. One builder that has recently come under scrutiny is PRISHA PROPERTIES INDIA Private Limited, operating primarily in Karnataka. This post aims to delve into the builder's track record, legal challenges, and provide insights for potential buyers.
The Legal Landscape: Complaints and Verdicts
PRISHA PROPERTIES INDIA Private Limited has a concerning history of legal disputes, having faced four complaints, all of which resulted in losing cases. The primary grievances stemmed from the builder's inability to complete projects and hand over possession of properties, specifically in the project known as 'HANGING GARDENS.' This series of complaints illustrates a failure to meet contractual obligations, which is a significant red flag for potential home buyers.
Summary of Complaints
- Nature …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prisha Properties India Private Limited, where the builder lost, revealed significant insights into their legal disputes, particularly surrounding their project 'Hanging Gardens.' The cases highlight a recurring theme of delayed possession claims, where the complainants consistently argued that they were not provided with possession of their flats despite paying the entire sale consideration.
The builder's defense in these cases was notably inadequate, as they failed to file any responses or produce supporting documents in multiple instances. This led to a series of rulings against them, directing the builder to pay interest on the delay period and execute sale deeds in favor of the complainants. The failure to respond to legal claims appears to be a systemic issue for the builder, resulting in adverse outcomes due to default rather than contested claims on the merits.
Common reasons for bringing cases against Prisha Properties revolved around …
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