CIN | Not Available |
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Year Established | Not Available |
Address | Not Available |
Company Status | Not Available |
Overall Case Outcomes
Rushab Reality is a real estate developer based in Tamil Nadu, currently holding a concerning record when it comes to legal disputes. With two recorded complaints against the builder and no successful outcomes, it is important for potential home buyers to critically evaluate their options before engaging with this developer.
The builder has faced two notable legal cases that both resulted in unfavorable outcomes for them. In both instances, the complaints revolved around a similar issue:
Interestingly, despite the two cases documented as lost, the provided data states that the builder has won zero cases. This points to a significant struggle in effectively managing legal disputes, fostering a sense of caution amongst potential customers regarding the builder's operational practices.
Based on the available data, Rushab Reality shows a troubling history of legal challenges. With two cases resulting in losses, concerns regarding their project management, and a failure to adhere to regulatory requirements, potential buyers should approach this builder with caution. No successful outcomes amplify the risk of investing in their upcoming projects.
In conclusion, Rushab Reality's current standing raises significant questions about their operational reliability. Future homebuyers should prioritize thorough investigations and safety measures in their search for property to secure the best outcomes in their real estate endeavors.
Yearly Trend for these Cases
Analysis of the cases filed against Rushab Reality, where the builder lost, reveals significant insights into the common themes and disputes surrounding their projects. The cases primarily revolve around two key issues: delayed possession claims and disputes over registration with the Tamil Nadu Real Estate Regulatory Authority (TNRERA).
The delayed possession claims indicate a pattern where buyers sought to obtain their completed flats, highlighting an apparent mismanagement or inability of the builder to fulfill their commitments on time. This is a recurring theme in real estate disputes, often attributed to factors like inadequate project planning, insufficient resources, or a lack of transparency in communication with buyers.
The TNRERA registration disputes demonstrate another crucial aspect of the builder's operations. In these cases, Rushab Reality claimed that their projects were completed and therefore exempt from registration. However, the authority ruled against this defense, emphasizing the importance of complying with regulatory requirements. Registration with TNRERA serves to protect the interests of homebuyers by ensuring that builders adhere to accepted standards and timelines, and it is imperative for builders to understand their obligations in this regard.
Common reasons for the litigation in these cases include the builders’ failure to meet project timelines and their inability to provide timely possession of properties to buyers. Buyers also contested the builders’ claims of exemption from TNRERA registration, which reflects a broader issue of non-compliance with regulatory frameworks in the real estate sector.
The outcomes of these cases suggest that Rushab Reality lost due to a combination of insufficient evidence to support their claims of timely completion and project exemptions, as well as a fundamental lack of compliance with the requirements set forth by the TNRERA. This underscores the importance for builders to engage with regulatory bodies and fulfill their obligations, ensuring transparency and accountability in their dealings with homebuyers.
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