CIN | U70101HR2006PTC064788 |
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Year Established | 20-Jan-06 |
Address | Plot No 114, Sector-44 Gurgaon Gurgaon Gurgaon HR 122002 IN |
Company Status | Private |
Navigating the real estate landscape can prove to be a challenging task for prospective buyers, especially when it comes to choosing the right builder. In this article, we delve into RAMPRASTHA ESTATES Private Limited, a builder currently operating in Haryana, providing critical insights based on recent legal findings.
RAMPRASTHA ESTATES Private Limited is primarily engaged in the development of residential projects. However, potential buyers should be vigilant given the builder's history with consumer complaints and legal disputes.
RAMPRASTHA ESTATES has encountered 2 complaints resulting in litigation. Here's an overview of the outcomes:
Both cases involved similar claims from complainants who alleged delays in possession of their residential plots initially promised for completion on July 18, 2016. The builder argued that these delays stemmed from various reasons, including force majeure events—factors beyond their control.
Despite these claims, the ruling authorities directed RAMPRASTHA ESTATES to pay interest at a rate of 9.30% per annum for each month of delay beyond the promised date. This outcome clearly indicates the authority's stance on the builder's failure to fulfill contractual obligations.
Based on the available data, RAMPRASTHA ESTATES has a concerning track record in legal disputes, notably with a complete lack of favorable outcomes. This should prompt potential buyers to proceed with caution. It's crucial for buyers to consider factors such as a builder's reliability in delivering projects on time and the handling of consumer complaints.
In conclusion, while RAMPRASTHA ESTATES Private Limited offers residential projects in Haryana, their legal history signals red flags for prospective buyers. By arming yourself with knowledge and conducting thorough research, you can make informed decisions that will lead to successful home investments.
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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 Ramprastha Estates Private Limited, where the builder lost, revealed several key themes across the complaints raised by the other parties. The primary disputes revolve around delayed possession claims, with multiple complainants alleging that the builder failed to hand over residential plots by the agreed-upon date of 18.07.2016.
The builder consistently cited various reasons for these delays, frequently invoking the concept of force majeure. However, the authorities did not accept this defense and instead directed Ramprastha Estates to pay interest at the rate of 9.30% per annum for every month of delay from 18.07.2016 until the actual date of possession. This penalty indicates a systemic issue where the builder was unable to meet contractual obligations, leading to significant losses for the purchasers in terms of delayed investment returns and housing availability.
A pattern emerges from these summaries: the common trigger for litigation in this case is the builder's inability to deliver on promises, specifically concerning timely possession of properties. The reasons provided for the delays—such as force majeure—suggest an attempt by the builder to deflect responsibility onto external circumstances rather than acknowledging potential mismanagement or underestimation of project timelines.
The builder lost these cases primarily due to the failure of their force majeure defense. The authorities likely required credible evidence to support such claims, which Ramprastha Estates may not have provided, or the situations cited may not have met the legal definition of force majeure. This highlights an important consideration for buyers: when engaging with builders, it's crucial to assess their track record on timely deliveries and their responses to unforeseen circumstances, as well as to understand the legal frameworks surrounding project delays and penalties.
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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31210f 2020 | Haryana | The complainants, Mr. Anuradha Mutreja and Mrs. N… | ["Delay in possessi… | {"appellant_claim": "The complainants claimed tha… | Mrs. Namit Mutreja | Ramprastha Devalory… | https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/NjU5ODI= |