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SHREE VARDHMAN INFRAHOME PRIVATE LIMITED

3.8/5 (24 cases analyzed)
  • States Active In: Haryana
CINU70109DL2010PTC208562
Year EstablishedNot Available
Address301, THIRD FLOOR, INDRAPRAKASH BUILDING BARAKHAMBA ROAD , NEW DELHI, Delhi, India - 110001
Company StatusPrivate

Overall Case Outcomes

Assessing SHREE VARDHMAN INFRAHOME Private Limited: A Builder Under Scrutiny

When it comes to purchasing property, potential buyers need to conduct thorough due diligence on builders to avoid disappointments and financial losses. SHREE VARDHMAN INFRAHOME Private Limited, a builder operating in Haryana, presents a case that demands detailed examination due to its pattern of legal disputes. This article explores the complaints against this builder, the outcomes of these cases, and valuable advice for prospective buyers.

Overview of Legal Complaints

SHREE VARDHMAN INFRAHOME Private Limited has been subject to 24 complaints, all of which resulted in unfavorable outcomes for the builder. Notably, the builder has not won any cases, indicating a lack of defense against the allegations raised by complainants. The cases primarily revolve around issues of possession delays; specifically, buyers have claimed that the builder failed to hand over possession of their flats within the agreed-upon timelines.

Common Factors in Complaints

The complaints filed against SHREE VARDHMAN INFRAHOME Private Limited demonstrate a few consistent trends:

  • Delay in Possession: The primary claim from the complainants revolves around the non-delivery of properties on time. The builder was often cited as failing to transfer possession within the stipulated timeframe, leading to significant buyer dissatisfaction.
  • Claims of Force Majeure: The builder defended itself by attributing these delays to force majeure events and circumstances beyond its control. However, this defense did not sway the adjudicating authority, which consistently ruled against the builder.
  • Interest Payments: The outcomes of the cases directed the builder to pay interest at a prescribed rate of 9.30% p.a. for every month of delay, reflecting a pattern of financial penalties imposed on the builder for its failure to fulfill its contractual obligations.
Absence of Defense Success
  • None of the cases brought forward by buyers resulted in a ruling in favor of SHREE VARDHMAN INFRAHOME. The authority's repetitive awarding of interest payments indicates persistent operational failings within the company or ineffective contract management.

Conclusion and Recommendations

Given the legal history outlined, the implications for potential buyers are stark. It is crucial to evaluate the reputation and reliability of any builder before making a significant financial commitment.

Overall Assessment

SHREE VARDHMAN INFRAHOME Private Limited has a troubling track record, with all complaints resulting in losses for the builder. This record serves as a warning to potential buyers about the risks associated with engaging with this company. The absence of successful defenses in court raises serious concerns about the builder’s reliability and adherence to contractual obligations.

Tips for Potential Buyers

If you are considering purchasing a property from SHREE VARDHMAN INFRAHOME Private Limited, keep the following advice in mind:

  • Conduct In-Depth Research: Look beyond just the company’s website or brochure. Investigate reviews, complaints, and legal disputes related to the builder.
  • Seek Legal Advice: Consult with a real estate attorney if there are any concerns about the builder’s history or projects.
  • Ask for References: Speak with previous buyers to understand their experiences, particularly in terms of delivery timelines and quality of construction.
  • Consider Alternative Options: Given the builder's track record, exploring other builders with proven reliability might save you from potential headaches.
General Guidelines for Selecting Builders
  1. Check Legal Compliance: Ensure that the builder adheres to all regulatory requirements and possesses necessary approvals for their projects.
  2. Evaluate Financial Stability: A builder's financial health can directly affect project completion; verify their creditworthiness.
  3. Visit Completed Projects: If possible, physically inspect properties the builder has completed to assess quality firsthand.
  4. Beware of Unusually Good Deals: If a price seems too good to be true, scrutinize the builder’s credentials and reputation.

In summary, while SHREE VARDHMAN INFRAHOME Private Limited is a player in the Haryana real estate market, the concerning trends in its legal history warrant careful consideration from potential buyers who need to protect their investments.

Cases Lost by Builder (When Defending)

Yearly Trend for these Cases

Common Topics
Delayed Possession Claims Force Majeure Defense Interest Payment Delays Compensation for Non-Compliance
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