No Logo Available

SAMYAK PROPERTIES

3.8/5 (2 cases analyzed)
  • States Active In: Haryana
CINNot Available
Year EstablishedNot Available
AddressNot Available
Company StatusNot Available

Overall Case Outcomes

Introduction

When considering a real estate investment, it is crucial to evaluate the builder's performance history and track record. In this blog post, we will examine the legal performance of Samyak Properties, a builder active in Haryana. With complaints registered and cases adjudicated, it's essential to analyze both the builder’s challenges and successes to better understand the implications for potential buyers.

Overview of Samyak Properties

Samyak Properties has encountered scrutiny in the legal arena, indicated by 2 complaints filed against them, with no cases won and both cases lost. This troubling statistic raises numerous questions about the builder's reliability and commitment to customer satisfaction.

Legal Case Details

Upon diving into the details of the cases against Samyak Properties, we see:

  • Appellant Claim: In both notable cases, complainants alleged they had paid 95% of the total consideration for a villa but were never delivered possession within the agreed timeline.
  • Respondent Claim: In response, Samyak Properties cited various reasons for the delay, including force majeure circumstances, asserting that complainants were not entitled to a refund.
  • Final Verdict: However, the adjudicating officer ruled against Samyak Properties, directing them to refund the complete amount along with interest within 90 days.

Patterns and Common Factors

Cases Lost

The common theme in both cases that Samyak Properties lost revolves around failed commitments on timely delivery. Buyers were left without possession of their properties despite substantial payments, emphasizing a systemic issue in the builder's operations. This paints a picture of a potential inability or unwillingness to adhere to contractual obligations regarding property delivery.

Cases Won

Interestingly, although the provided data includes mentions of cases that the builder won, it appears to be an error in categorization. Focusing on the final legal outcomes, Samyak Properties has not won any cases, highlighting a consistent trend of failure to meet client expectations and fulfill contractual agreements, further eroding trust with prospective buyers.

Conclusion

In light of the complaints and legal judgments, potential buyers should approach Samyak Properties with caution. The lack of victories in legal disputes raises significant concerns about their business practices and reliability in delivering properties on time. Here are several recommendations for prospective buyers considering Samyak Properties or any builder:

Tips for Potential Buyers:

  1. Thorough Research: Dig into the builder's previous projects, complaints, and legal history to gauge their reliability.
  2. Seek Reviews: Look for testimonials from previous buyers to gather insights about their experiences with the builder.
  3. Understand Legal Commitments: Ensure you have a clear understanding of the sale agreement, including timelines and obligations of the builder.
  4. Consult Experts: Consider hiring real estate professionals or legal advisors to assist in the buying process.

General Tips for Choosing a Builder:

  • Check Credentials: Verify that the builder is registered and has a good standing in the real estate industry.
  • Inspect Completed Projects: Visit completed projects to assess quality and compliance with timelines.
  • Ask for References: Request references from previous clients to get firsthand feedback.
  • Evaluate Financial Stability: A financially stable builder is less likely to face issues that may delay project completions.

By taking these precautions and recognizing the troubling patterns within Samyak Properties' legal history, buyers can better protect their investments and make informed decisions in the property market.

Cases Lost by Builder (When Defending)

Yearly Trend for these Cases

Common Topics
Delayed Possession Claims Force Majeure Defense Refund Entitlement Disputes
Error

Builder Reviews

No reviews for this builder yet. Be the first one to share your thoughts!


Submit Your Review