CIN | Not Available |
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Year Established | Not Available |
Address | ONE BKC, A Wing 1401, Plot No. C-66, G Block, Bandra Kurla Complex, Bandra (E ast), NA Mumbai Mumbai City Maharashtra 400051 |
Company Status | Not Available |
Overall Case Outcomes
When investing in real estate, selecting the right builder is paramount to ensure a smooth and rewarding experience. One builder that has garnered attention for both its projects and legal challenges is RADIUS & DESERVE BUILDERS LLP. Based in Maharashtra, this builder’s track record reveals important insights for potential buyers.
RADIUS & DESERVE BUILDERS LLP has completed a number of projects in Maharashtra. However, their legal history reveals a troubling trend, as they have faced a total of three complaints, all resulting in losses for the builder.
RADIUS & DESERVE BUILDERS LLP has lost all three of the legal cases brought against them. A closer examination of these cases indicates several concerning patterns:
Interestingly, all three cases where the builder was listed as having a win involved the allowance of appeals due to procedural delays, with the opposing party failing to appear. This suggests a reliance on legal technicalities rather than a strong defense of the builder’s practices or financial obligations.
Based on the provided data, potential buyers should proceed with caution when considering purchasing from RADIUS & DESERVE BUILDERS LLP. The complete loss of all legal cases coupled with issues around financial obligations raises significant red flags.
Here are some key considerations for prospective buyers before engaging with this builder:
When selecting a builder, here are general tips that apply regardless of the specific company:
In summary, while RADIUS & DESERVE BUILDERS LLP may have a presence in the Maharashtra real estate market, their legal challenges present critical considerations for any potential buyer. Choosing a builder with a stronger and more reliable track record is essential for a successful property investment.
Yearly Trend for these Cases
Analysis of the cases filed against RADIUS & DESERVE BUILDERS LLP, where the builder lost, revealed several key themes across the disputes. The cases can be broadly categorized into two main topics: delay claims and procedural appeals, and financial disputes over costs and interest.
The first type of cases primarily revolved around claims of delay in preferring appeals, with the appellant citing various reasons for the tardiness. In these instances, the builder's defense often revolved around their attempt to justify the delays and seek condonation. However, the consistent failure of the respondent (presumably representing the builder's interests) to appear in court despite ample opportunities points to a troubling trend where the builder may not have been taking these legal proceedings seriously, or perhaps underestimated the importance of timely participation.
The second category of cases focused on financial disputes, particularly concerning the non-payment of costs and interest owed by the builder. In one notable case, the applicant received the principal amount, but the builder failed to cover the additional financial obligations, leading to a court decision requiring the builder to pay a significant amount (Rs. 6,55,300/-) and resulting in warrants for recovery and attachment of their bank account.
Common triggers for litigation in these cases include procedural delays attributed to the builder, financial discrepancies, and the builder’s failure to meet their obligations—both timely and financial. The builder's losses in these cases often stem from insufficient justification for delays, failure to appear for proceedings, and non-compliance with financial obligations, which reflects a pattern of neglect in handling their legal responsibilities.
Overall, these findings highlight significant operational and procedural shortcomings within RADIUS & DESERVE BUILDERS LLP that could impact potential buyers' decisions and warrant closer scrutiny when considering transactions with this builder.
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