CIN | U45201DL2003PTC122426 |
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Year Established | Not Available |
Address | 1108 ARUNACHAL BUILDING19 BARAKHAMBA ROAD , NEW DELHI, Delhi, India - 110001 |
Company Status | Private |
Overall Case Outcomes
In the realm of real estate, choosing the right builder is vital for ensuring a smooth home-buying experience. Today, we will delve into the performance of Sandwoods Infratech Projects Private Limited, a builder that has encountered several legal challenges. With a total of three complaints that all resulted in unfavorable outcomes, it's crucial to analyze the details surrounding these cases.
Sandwoods Infratech Projects Private Limited has faced a total of three legal complaints against them. They did not win any of these cases, indicating a troubling trend for potential buyers. Here’s a breakdown of the cases:
Based on the data presented, Sandwoods Infratech Projects Private Limited has a challenging track record. With all three complaints resulting in losses or dismissals without resolution, potential buyers should approach with caution. The lack of resolved issues and unsatisfactory compensations may raise doubts about the reliability and accountability of this builder.
Buying a home is a significant investment; therefore, equipping yourself with information and insights is paramount. Fortifying oneself with knowledge can help you make informed choices when selecting a builder.
Yearly Trend for these Cases
Analysis of the cases filed against Sandwoods Infratech Projects Private Limited, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around delayed possession claims, highlighting significant concerns from buyers regarding the builder's ability to deliver properties on time.
The most common theme among these cases is delayed possession, where buyers allege that the builder failed to provide their promised flats within the agreed-upon timeframe—often cited as 36 months in these instances. For example, in one case, the complainant sought interest compensation for the delay, indicating a growing expectation from buyers for timely possession and adequate compensation for delays.
The builder's defense often revolves around claims of unforeseen circumstances beyond their control, which they argue contributed to the delays. However, the legal authorities did not accept this defense in all cases, particularly when it came to compensation. Instead of accepting the builder's offer of Rs. 5/- per month for the delay, which is arguably minimal, the Authority prescribed a higher interest rate based on regulatory standards (Rule 16 of the Punjab State Real Estate (Regulation and Development) Rules, 2017). This highlights a regulatory compliance issue, as the builder's compensation offer was not in line with established rules, indicating a potential lack of understanding or adherence to legal standards.
People commonly bring cases to court in these situations primarily due to financial and emotional investment in their property. Delays often result in additional personal and financial burdens, such as rent or mortgage on another property while waiting to move into the new one. The patterns emerging from these summaries suggest that buyers are increasingly aware of their rights, particularly regarding timely delivery and adequate compensation for delays.
The builder lost these cases chiefly due to their failure to meet the promised timelines and non-compliance with the established regulatory frameworks regarding compensation. The Authorities' decisions reflect a commitment to protecting buyers' rights and ensuring that builders adhere to standards that prioritize timely possession and fair compensation.
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