CIN | U70102TG1995PLC021333 |
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Year Established | 4-Aug-95 |
Address | 09th Floor, Ramky Grandiose, Ramky Towers Gachibowli , Hyderabad, Telangana, India - 500032 |
Company Status | Public |
When it comes to choosing a builder for your next home project, understanding the builder's track record can be crucial. In this article, we will delve into the performance of RAMKY ESTATES AND FARMS Limited, examining their history of legal disputes, case outcomes, and providing insights for potential buyers.
Based on the provided data, RAMKY ESTATES AND FARMS Limited shows a mixed track record with legal disputes. While they have won a case regarding delivery delays and compensation, they have also faced setbacks regarding project management and related financial queries.
In summary, potential buyers looking into RAMKY ESTATES AND FARMS Limited should weigh their findings carefully. With a history of both victories and struggles in legal settings, due diligence will help prospective homeowners make informed decisions.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against RAMKY ESTATES AND FARMS Limited, where the builder lost, revealed several key themes across the complaints raised by the other parties. The cases primarily revolved around two main topics: Delayed Possession Claims and Interest on Delay Period Disputes.
The Delayed Possession Claims involved complaints from buyers regarding significant delays in the handing over of flats by the developer. For instance, one complainant sought delay compensation for the late delivery of their flat, asserting that the developer had failed to meet the promised deadlines. The builder, in their defense, argued that the complainant had previously filed a similar complaint, which they claimed made the current one not maintainable. However, the authority ruled in favor of the complainant, indicating a legal recognition of the buyer’s right to timely possession.
The Interest on Delay Period Disputes centered around the buyers’ entitlements to interest compensation for the duration of the delays. In one notable case, the complainant claimed interest on the delay period for a flat in the 'RAMKY ONE NORTH PHASE-2' project. The builder contested this by stating that since the complainant had taken possession of the flat, they were not eligible for interest on the delay. Yet, the authority directed the builder to pay interest on the principal amount, demonstrating a commitment to compensating buyers for financial losses incurred due to delays.
A pattern emerges from these summaries: buyers commonly bring cases to court primarily due to delays in possession and the financial repercussions that follow. They often contest penalties imposed on them and dispute project delays attributed to the builder's actions. The builder’s litigation frequently stems from an attempt to obscure the buyer's rights with technicalities rather than addressing the core issues of timely delivery and adequate compensation.
The builder lost these cases chiefly due to insufficient evidence supporting their claims of prior complaints being a barrier to new ones and their failure to acknowledge the buyer's legal entitlements to delay compensation and interest. The outcomes highlight a need for builders to adhere to project timelines and be transparent regarding expectations and complications that may arise during the construction process.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
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CMP/220101/0008761 | Karnataka | The complainant sought interest on delay period f… | ["Interest on delay… | {"appellant_claim": "The complainant claimed inte… | Ramky Estates and F… | https://rera.karnataka.gov.in/reraDocument?DOC=4302913 | |
CMP/191120/0004715 | Karnataka | The complainant filed a complaint against the dev… | ["Delay Compensatio… | {"appellant_claim": "The complainant claimed dela… | P. Vidyasagar Arya | Ramky Estates and F… | https://rera.karnataka.gov.in/reraDocument?DOC=662187 |
Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder, RAMKY ESTATES AND FARMS Limited, which the builder won, revealed the following information. These cases can be grouped into several common themes that highlight the primary disputes and the surrounding legal landscape.
The cases were brought to court for several reasons, primarily due to contesting penalties, allegations of project delays, and disputes over land classification. These complaints reveal a tendency among some buyers or regulatory bodies to challenge builders without sufficiently strong arguments or follow-through on earlier complaints.
RAMKY ESTATES AND FARMS Limited won these cases primarily due to the opposing parties' failure to provide new or compelling evidence, and the court's recognition that previous disputes had already been settled. Additionally, the builder was able to demonstrate adherence to relevant regulations and the legal framework. This emphasizes that false or exaggerated claims often lead to futile legal pursuits for complainants.
From this analysis, it is evident that RAMKY ESTATES AND FARMS Limited has developed a strong reputation for defending itself against unfounded allegations. This pattern reflects broader trends within the real estate market, where misunderstandings and incorrect claims can sometimes target builders unfairly.
Ultimately, this information serves as a reminder to potential buyers about the importance of informed decision-making. While legitimate claims can arise in the real estate sector, the findings from these cases underscore that builders such as RAMKY ESTATES AND FARMS Limited can often successfully defend their positions in the face of unjust accusations. Therefore, buyers should approach complaints cautiously and seek reliable information before forming opinions about a builder's reputation.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
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CMP/210325/7838 | Karnataka | The complainant sought relief of survey of entire… | ["Real Estate", "Pr… | {"appellant_claim": "The complainant sought relie… | Ramky Estates and F… | https://rera.karnataka.gov.in/reraDocument?DOC=2608105 |