CIN | U65921UP1993PLC015170 |
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Year Established | Not Available |
Address | Sahara India Centre 2, Kapoorthala Complex, Aliganj Lucknow UP 226024 IN |
Company Status | Public |
Overall Case Outcomes
When considering purchasing a property, potential buyers often research the builder's credibility, legal standing, and customer satisfaction. In the case of SAHARA PRIME CITY Limited, the data presents a contrasting picture, indicating a troubled track record. This blog post delves into the builder's legal cases, highlighting key patterns in their performance and providing essential insights for prospective buyers.
SAHARA PRIME CITY Limited has faced a total of 7 complaints, with all cases resulting in lost verdicts. The absence of cases won raises flags regarding their operational practices and customer service. The builder has projects primarily located in Uttar Pradesh.
Based on the gathered data, SAHARA PRIME CITY Limited presents a concerning profile for prospective buyers. With all complaints leading to unfavorable outcomes for clients, the overall picture is one of significant risk. Potential buyers should approach with caution, fully aware of the builder’s ongoing struggles with legal compliance and customer service.
In conclusion, while buying a property is a significant investment, it is imperative to exercise due diligence and choose builders with proven records of reliability and customer satisfaction.
Yearly Trend for these Cases
Analysis of the cases filed against SAHARA PRIME CITY Limited, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around four topics: delayed possession claims, non-compliance with RERA orders, interest refund disputes, and challenges to the regulatory authority's jurisdiction.
Many of the cases involved claims from buyers alleging delays in possession of their properties. For instance, there were claims seeking refunds due to failures to comply with RERA orders, highlighting significant delays in providing buyers with their invested units. Buyers also disputed the builder's offers of possession, arguing that the conditions surrounding the offers were not in alignment with the initial agreements or the orders set forth by the RERA.
Non-compliance with RERA orders emerged as a major concern, with several buyers claiming that the builder had failed to adhere to the regulatory body's decisions, particularly concerning refunds and interest payments. The builder was often found to be lacking in accountability in this regard, which reflected a broader trend of neglecting contractual and regulatory obligations.
Interest refund disputes were critical, with buyers seeking various levels of interest repayment, often at rates mandated by RERA or at higher rates claimed as compensation for prolonged delays. The builder's responses typically indicated a willingness to refund principal amounts and interest in installments, but buyers found these proposals inadequate, leading to further litigation.
Additionally, there were challenges to the regulatory authority's jurisdiction, with the builder questioning the RERA's power to modify previous orders. This reflects a troubling trend where builders may attempt to undermine regulatory oversight, which is crucial for protecting buyers' rights in the real estate market.
The common triggers for litigation in these cases primarily revolved around the builder's failure to deliver properties on time, non-compliance with RERA decisions, and inadequate offers for refunds and interest. The builder lost these cases largely due to insufficient evidence to support their claims of compliance, failure to follow through on RERA orders, and a general lack of transparency in their dealings. The outcomes highlight the need for buyers to be vigilant and proactive in their rights when engaging with builders in the real estate market.
Yearly Trend for these Cases
Analysis of the cases filed by the builder, Sahara Prime City Limited, which it lost revealed valuable insights into the nature of these disputes and their outcomes.
The cases can be grouped into several common themes indicative of the builder's recurring challenges.
The common triggers for litigation by the builder generally stemmed from project execution challenges, administrative bottlenecks, and disputes over compliance issues. In many instances, Sahara Prime City Limited viewed these legal battles as a means to safeguard its business interests against alleged unjust claims from buyers or regulators.
However, the losses faced by the builder signal some critical reasons for the unfavorable outcomes. One notable issue was the apparent lack of sufficient evidence presented in their claims. There were also instances of failure to comply with essential legal requirements, which undermined their position in court. Furthermore, non-adherence to interim directions issued during litigation placed the builder at a disadvantage.
In summary, while Sahara Prime City Limited sought to contest various penalties and compliance claims, their recurrent failures suggest fundamental flaws in their operational and regulatory adherence processes.
This structure provides both the topics of dispute and a detailed summary analyzing the case losses of Sahara Prime City Limited, aimed at helping potential buyers understand the implications and risks associated with engaging with this builder.
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