No Logo Available

RAMKY ESTATES AND FARMS LIMITED

  • No of Complaints: 3
  • States (Active in): Karnataka
CIN U70102TG1995PLC021333
Year Established 4-Aug-95
Address 09th Floor, Ramky Grandiose, Ramky Towers Gachibowli , Hyderabad, Telangana, India - 500032
Company Status Public

Understanding RAMKY ESTATES AND FARMS Limited: A Comprehensive Overview for Home Buyers

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.

Overview of Legal Cases

RAMKY ESTATES AND FARMS Limited has faced a total of three complaints. Here's a breakdown of their legal performance:
  • Total Complaints: 3
  • Cases Won: 1
  • Cases Lost: 2
  • States with Projects: Karnataka
Cases Lost
  1. In the case that the builder lost, the complainant sought three main reliefs: the survey of the entire land of the project, the registration of all phases, and a refund of the maintenance fund. The builder denied these allegations and argued that the complainant had not presented new evidence. Ultimately, the authority dismissed the case, stating that the issues had already been thoroughly addressed in a previous complaint.
  2. Pattern Observed: The case that was lost highlights a common theme in builder disputes where complaints revolve around project management and financial reimbursements. In this instance, the authority favored the builder based on the argument of prior adjudication, indicating a potential challenge for buyers in bringing forward new claims regarding existing issues.
Cases Won
  1. In the first successful case, the complainant sought delay compensation for the late delivery of a flat. The builder argued that the complaint shouldn't proceed because it was a reiteration of a previous claim. However, the authority favored the complainant, instructing the builder to provide delay compensation and associated costs.
  2. The second successful case involved a claim for interest due to delays concerning a flat in the RAMKY ONE NORTH PHASE-2 project. Here, the builder contended that the complainant waiving their right to interest by taking possession negated their claim. Nevertheless, the authority ordered the builder to pay interest on a substantial principal amount.
  3. Pattern Observed: In the cases the builder won, the successful claims were predominantly about delays in project delivery. The builder's defenses centered around previous filings or possession disputes, revealing potential vulnerabilities in how the builder handles timelines and client satisfaction regarding project completion.

Conclusion

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.

Tips for Potential Buyers
  1. Research Thoroughly: Before making a purchase, dig deep into the builder's legal history. A track record of complaints can be indicative of potential issues down the line.
  2. Understand Your Rights: Familiarize yourself with the rights you are entitled to as a buyer, particularly concerning delivery timelines and compensation claims.
  3. Engage a Real Estate Professional: An expert can provide insights into the builder's reputation and potential red flags based on their experiences.
General Tips for Buyers When Selecting a Builder
  • Verify Credentials: Ensure the builder has a good standing with local real estate authorities.
  • Request References: Speak with past buyers to gauge their experiences with the builder.
  • Inspect Past Projects: Visit previously completed projects to assess quality standards and adherence to timelines.
  • Read Contracts Carefully: Understand all terms, conditions, and liability clauses before signing.

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.

No builder reviews yet. Be the first to share your thoughts!

Delayed Possession Claims Interest on Delay Period Disputes

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
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
Claims for Survey and Land Registration Disputes Over Allegations of Non-compliance Lack of Evidence in Complaints

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.

  1. Claims for Survey and Land Registration: One of the complaints involved a demand for a survey of the entire land of the project, as well as the registration of all phases. This type of claim is often raised by buyers who seek to ensure that their investments are secured through clear legal recognition of the property’s status.
  2. Disputes Over Allegations of Non-compliance: The builder faced accusations of not adhering to certain legal or regulatory obligations. However, these claims were countered with the assertion that the complainant failed to supply sufficient evidence. This theme is common in real estate disputes, where buyers may allege non-compliance without concrete proof.
  3. Lack of Evidence in Complaints: A notable pattern among the claims is the lack of new evidence presented by the opposing party. The builder successfully defended itself in a situation where the previous complaints had been adjudicated, showcasing the importance of adequate substantiation in legal claims.

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
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

Interested to buy from this builder?

Assured Callback in 5 mins