CIN | U70200HR2012PTC048023 |
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Year Established | Not Available |
Address | A-1750 GREEN FIELD COLONY , FARIDABAD, Haryana, India - 121003 |
Company Status | Private |
Overall Case Outcomes
In the bustling real estate market of Haryana, Sai Vatika Realtech & Marketing Private Limited emerges as a notable player. While the builder has faced complaints, it has managed to maintain a strong legal standing by winning all of its contested cases. This blog post delves into the legal challenges encountered by the builder, the outcomes of these cases, and offers insights for potential buyers considering property investments.
Sai Vatika Realtech & Marketing Private Limited has had a total of 2 complaints lodged against it, both of which resulted in cases concluded in favor of the builder. A breakdown of these legal disputes reveals important insights:
Based on the available data, Sai Vatika Realtech & Marketing Private Limited showcases resilience in its legal dealings. With zero losses on record in contested cases, potential buyers can interpret this as an indication of the builder's legal diligence, although it also raises questions regarding its licensing practices in project development.
By considering the insights provided above, buyers can make informed decisions when contemplating an investment with Sai Vatika Realtech & Marketing Private Limited or any builder in the market.
Yearly Trend for these Cases
An analysis of the cases filed against the builder, which the builder won, revealed the following information.
The cases primarily involved two common themes: 'Jurisdiction in Complaints' and 'Disputed Development Licenses'.
Under the theme of 'Jurisdiction in Complaints', it was noted that the Authority was involved in matters wherein it lacked the proper jurisdiction due to the absence of a licensed development colony. In both cases presented, the complaints were dismissed as it was revealed that the builder, Sai Vatika Realtech & Marketing Private Limited, did not hold a license for the development of the disputed colony. This indicates a pattern where regulatory bodies were challenged on their authority in the specific disputes brought against the builder.
The theme of 'Disputed Development Licenses' was reflected in the claims related to the lack of proper licensing, which underpinned both complaints. The opposing parties sought recovery of costs and accountability from the builder, but ultimately it was established that there were no grounds for such claims because of the builder's regulatory adherence.
The cases were brought to court primarily as contestations against penalties and to seek recovery costs that were deemed unjust. This reveals a fundamental issue concerning the understanding of compliance with development regulations, which can lead to legal disputes.
Sai Vatika Realtech & Marketing Private Limited won these cases based on critical reasons. Firstly, the opposing parties failed to provide sufficient evidence to support their claims, emphasizing an evident misunderstanding or misapplication of regulatory standards relating to development licensing. Furthermore, the complaints were rendered void due to the Authority's lack of jurisdiction, protecting the builder from claims that were not grounded in valid legal frameworks. This highlights the builder’s capability to defend itself effectively against claims that were sometimes perceived as unfounded or exaggerated.
This analysis sheds light on the builder’s reputation within the broader real estate marketplace. It suggests that claims can sometimes be made without substantial proof, leading to unnecessary legal proceedings. Despite the disputes, Sai Vatika Realtech & Marketing Private Limited demonstrates a commendable track record in defending its interests against questionable accusations, which is an essential insight for current and potential buyers.
In conclusion, this analysis serves as a reminder for potential buyers to exercise diligence and make informed decisions. While there are valid disputes in the real estate market, it is crucial to interpret claims judiciously. Builders like Sai Vatika Realtech & Marketing Private Limited can often successfully defend themselves against unjust claims, reminding buyers of the importance of thorough research and reliable sources of information before forming an opinion about a builder's reputation.
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