| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the realm of real estate, choosing a reputable builder is crucial for ensuring that investments yield satisfactory returns and that project expectations are met. In this post, we take a closer look at RIICO Developers Private Limited, focusing on their legal history and the implications for prospective buyers.
Builder Overview
Name: RIICO Developers Private Limited
Location: Rajasthan
Number of Complaints: 3
Cases Won: 0
Cases Lost: 3
Legal Case Analysis
Understanding the legal troubles faced by RIICO Developers can provide critical insights for potential buyers.
Cases Filed Against the Builder
Australia has seen a total of 3 cases filed against RIICO Developers, all of which have resulted in unfavorable outcomes for the builder. Here’s a breakdown of the appellant claims and the final verdicts:
- Case One: The complainant alleged that RIICO did not refund the deposited money despite a previous order from the authority. The final verdict instructed …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against RIICO Developers Private Limited, where the builder lost, reveals significant insights into the common themes and disputes faced by the builder. The cases highlight four primary areas of concern: delayed possession claims, failure to refund deposits, penalties for project delays, and non-compliance with authority orders.
The delayed possession claims primarily revolve around the builder's inability to complete projects within the expected timeframe. For instance, in one case, the complainant paid Rs. 4,62,688 against the consideration of Rs. 11,61,000, yet the project was left incomplete, prompting the Authority to direct recovery proceedings. This highlights a pattern where builders may underestimate the time required for project completion, leading to dissatisfaction among buyers.
The failure to refund deposits stands as a critical issue, with multiple cases noting that the builder did not return the money deposited by buyers despite previous orders from the Authority. The lack of …
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