CIN | U45200GJ2012PTC070020 |
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Year Established | Not Available |
Address | 5TH FLOOR, ARTH COMPLEX, BH L G SHOWROOM, NR. MITHAKHALI CIRCLE,NAVRANGPURA , AHMEDABAD, Gujarat, India - 380009 |
Company Status | Private |
Overall Case Outcomes
In the world of real estate, selecting the right builder is crucial for a positive investment experience. Sollywood Corporation Private Limited is a player in this industry, operating primarily in the state of Gujarat. However, potential buyers should evaluate the builder's track record and legal history to make informed decisions. In this blog, we will delve into the available data concerning Sollywood Corporation, looking at their complaint history, legal outcomes, and offering essential tips for prospective homeowners.
Sollywood Corporation Private Limited has received a total of 1 complaint, and notably, they have lost 1 case. This indicates that, at least in this instance, the builder could not fulfill the expectations or obligations that led to legal action.
There is a single documented legal case where a complainant sought recourse regarding a unit booked in one of the firm's projects. The outcome of this case was that it was disposed of as withdrawn by the complainant, suggesting that the complainant may have decided not to pursue the matter further rather than receiving a favorable ruling against the builder. Here’s a brief summary of the situation:
This scenario indicates that while there was a complaint, it did not culminate in a favorable judgement against Sollywood Corporation.
Based on the data provided, Sollywood Corporation Private Limited has had limited engagement with legal complaints, with one documented case that reflects a single instance of how they handle customer grievances. However, their lack of any victories in legal disputes suggests that they may face challenges in addressing client issues once they arise. Potential buyers may want to consider this information carefully as part of their decision-making process.
In conclusion, while Sollywood Corporation Private Limited may have potentials, it is essential for prospective buyers to approach with caution and conduct thorough due diligence. Understanding a builder's track record with complaints and legal cases can be a critical aspect of selecting a trustworthy partner for your real estate investments.
Yearly Trend for these Cases
Analysis of the cases filed against Sollywood Corporation Private Limited, where the builder lost, reveals several key themes across the complaints raised by the other parties involved.
The cases can be broadly categorized into three main topics: Delayed Possession Claims, Project Disputes, and Withdrawal of Complaints. Each of these categories highlights the common grievances that buyers or investors expressed in their complaints against the builder.
Delayed Possession Claims typically revolve around the builder's failure to complete projects on time or to deliver units to buyers within the promised timelines. This is a recurrent theme in real estate disputes and often triggers legal action as buyers count on timely possession for various personal or financial reasons.
Project Disputes can encompass a range of issues, including disagreements over project features, quality of construction, or adherence to the promised specifications. In the case of Sollywood Corporation, the specific details of project disputes remain vague in the provided summary; however, it is important to note that project disputes are a common factor in many real estate litigations.
Withdrawal of Complaints is an interesting category, as it indicates that some complaints may not have culminated in an adversarial outcome. Instead, they were withdrawn, which could stem from various reasons, such as negotiations leading to a satisfactory resolution, or perhaps the complainants' personal circumstances changing. The specific case mentioned in the summary was disposed of as withdrawn, highlighting an underlying issue that may not have necessitated a court ruling to resolve.
Common reasons for bringing cases to court against Sollywood Corporation include contesting delays in possession and unresolved project grievances. Buyers may feel compelled to take legal action when they perceive a breach in contract or a failure to meet expectations, particularly in investment-heavy purchases like real estate.
As for why Sollywood Corporation lost these cases, the provided information suggests a lack of depth in terms of specific rulings or outcomes. However, common factors in real estate litigation that could contribute to a builder's losses include insufficient evidence to defend their position, non-compliance with regulatory or legal requirements, or failures to address legitimate grievances from buyers.
In conclusion, the analysis of Sollywood Corporation's legal challenges presents a cautionary tale for potential buyers. While the outcomes may vary, the recurring themes of delayed possession and project disputes should be taken seriously. Buyers are encouraged to conduct thorough research, ensure solid agreements, and remain vigilant in their expectations before committing to any real estate investment.
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