PUNJAB NATIONAL BANK HOUSING FINANCE LIMITED

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Overall Case Outcomes

Introduction

In the realm of real estate, selecting a builder is a crucial decision that impacts not just the financial aspect but also the comfort and satisfaction of future homebuyers. One such name in the housing finance space is Punjab National Bank Housing Finance Limited (PNBHFL). However, when evaluating their track record based on recent legal disputes, one might find reasons for concerns. This article delves deep into the builder's performance regarding complaints and legal cases, presenting potential buyers with insights that could be crucial to their decision-making process.

Builder Overview

Punjab National Bank Housing Finance Limited has garnered attention in recent months, particularly concerning the seven cases filed against them. Unfortunately, the builder has not won any of these cases, raising red flags about their reliability and ability to meet commitments.

Patterns in Legal Cases

Cases Lost

The predominant theme in the complaints against PNBHFL underscores failure to complete …

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Cases Lost by Builder (When Defending)

Cases where others sued the builder, and the builder lost. Includes summaries and key takeaways.

Yearly Trend for these Cases

Common Topics

Delayed Possession Claims Failure to Complete Project Amenities Refund Disputes Due to Delay Jurisdictional Claims Under RERA

Analysis of the cases filed against Punjab National Bank Housing Finance Limited, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around delayed possession claims, with multiple complainants alleging that the builder failed to complete the construction of villas and other promised amenities within the agreed timeframe.

Many of the cases highlight a common grievance: the builder had received full payment for the properties yet had not handed over possession, leading to increased frustration among buyers. The builder consistently claimed that the agreements were executed before the Real Estate (Regulation & Development) Act 2016 came into force, and thus the complainants were not entitled to invoke its provisions. However, the Authority ruled against this defense, indicating a legal misunderstanding regarding the builder's obligations under the Act.

Besides possession delays, there were also refund disputes stemming from the builder’s inability to deliver properties on …