| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Navigating the world of real estate can be a daunting task, especially when it comes to selecting a reputable builder. One of the builders to consider in Karnataka is Prisha Properties Private Limited. However, a closer examination of their legal history reveals some concerning patterns that potential buyers should be aware of. In this post, we will analyze the track record of Prisha Properties, evaluate their legal disputes, and provide crucial tips for homebuyers.
Legal Case Overview
Prisha Properties Private Limited has been involved in a total of 2 legal cases, with both resulting in losses for the builder and no victories to their name. The complaints primarily revolved around issues of unfulfilled project commitments and the failure to return substantial advance payments made by the plaintiffs.
Summary of Legal Complaints
- First Case: The plaintiff alleged that the builder failed to progress the project and demanded the return …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Prisha Properties Private Limited, where the builder lost, reveals several key themes and patterns. The disputes primarily center around advance payment disputes and project progress delays, highlighting significant issues in the builder's operational practices.
The cases demonstrate that multiple plaintiffs claimed the builder failed to return substantial advance payments, with amounts ranging from Rs. 14,67,620 to Rs. 15,79,177. This shows a troubling trend where the builder was unable to fulfill financial obligations to its clients, leading to legal recourse. The common claim among the plaintiffs was that the builder did not progress the project as expected, which raises concerns about Prisha Properties' project management capabilities.
The builder's defense in these cases typically revolved around their claim of needing additional time to return the payments and complete the projects. However, the legal authorities did not accept this defense, emphasizing the need for timely adherence to …
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