RENAISSANCE INDUS INFRA PRIVATE LIMITED

Introduction

When considering investments in real estate or industrial projects, understanding the track record of your builder is crucial. RENAISSANCE INDUS INFRA PRIVATE LIMITED operates within Maharashtra and boasts a unique legal history that merits examination. This post delves into the builder's complaint record, legal outcomes, and insights for potential buyers.

Builder Profile

Name: RENAISSANCE INDUS INFRA PRIVATE LIMITED
Number of Complaints: 2
Cases Won: 2
Cases Lost: 0
States with Projects: Maharashtra

Overview of Legal Outcomes

Cases Summarized

1. Winning Case
   - Appellant Claim: The appellants argued that the complaint was not maintainable as the project was classified as industrial, not real estate. They contended that the respondent was not entitled to compensation due to a delay that fell outside agreed time frames.
   - Respondent Claim: The respondent asserted that the project was indeed a real estate endeavor and demanded compensation for delays in possession of warehousing units.
   - Final …

Unlock Full Report & Analysis

An analysis of the cases filed by the builder, RENAISSANCE INDUS INFRA PRIVATE LIMITED, which it won, revealed the following information. This examination highlights key recurring themes in the disputes faced by the builder, predominantly revolving around delayed possession claims, disputes over project classification, and compensation claims.

In the realm of delayed possession claims, the builder has successfully argued that the projects it was involved in were classified under industrial projects rather than real estate developments. This has allowed RENAISSANCE INDUS INFRA PRIVATE LIMITED to contest claims from respondents who sought compensation for perceived delays in possession. The crux of the builder's argument in such instances hinges on demonstrating that obligations under the project timeline were contested due to external factors beyond their control, rather than mismanagement or negligence on their part.

Disputes over project classification constituted another significant theme, particularly as respondents often categorized the projects …

Unlock Full Report & Analysis

An analysis of the cases filed against the builder, RENAISSANCE INDUS INFRA PRIVATE LIMITED, which the builder won, revealed the following information. The cases primarily centered around three themes: the applicability of the Real Estate (Regulation and Development) Act (RERA), disputes related to project classification, and claims regarding the integrated nature of the project.

1. Applicability of RERA: Some cases involved arguments regarding whether RERA should apply to industrial projects. This is crucial since RERA offers various protections to buyers, and if a project is classified as industrial, such protections may not be available. The builder successfully argued that the project was an industrial one, thereby exempting it from RERA.
2. Project Classification Disputes: There were disputes about how the projects were categorized, whether as industrial, residential, or commercial. The builder consistently defended its classification as primarily an industrial project, noting that some residential and commercial …

Unlock Full Report & Analysis