| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Navigating the world of real estate can be a daunting task for buyers, especially when it comes to selecting the right builder. One builder that has come under scrutiny is Reliable Estate, which is active in Karnataka. This blog post aims to shed light on the builder's track record through the analysis of legal complaints filed against them.
Overview of Reliable Estate
Reliable Estate is currently facing two legal complaints, both of which have resulted in losses for the builder. Importantly, the total number of cases won by the builder stands at zero. This statistic raises red flags for potential buyers considering investing in properties developed by Reliable Estate.
Legal Case Summary
The details of the complaints filed against Reliable Estate reveal consistent themes:
- Nature of Complaints: Both cases stemmed from the builder's failure to deliver possession of a real estate project on time. Complainants had paid an advance …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Reliable Estate, where the builder lost, reveals significant insights into the recurring themes surrounding their legal disputes.
The cases can primarily be grouped into two common themes: Delayed Possession Claims and Refund Claims Due to Non-Delivery. Both themes revolve around the builder's failure to deliver possession of properties on time, which led complainants to seek refunds of the advance considerations they had paid.
A striking pattern emerges from these summaries: in each case, the claims made by the complainants were primarily triggered by the builder’s inability to meet project timelines and fulfill their commitments. This points to an overarching issue with project management and adherence to delivery schedules, which is critical in the real estate sector.
The reasons for the builder's losses in these cases are startlingly simple yet highlight crucial legal and regulatory compliance issues. Since the builder did …
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