SPELONDOR LANDBASE LIMITED

Introduction

When considering a property investment, it's essential to thoroughly evaluate the builder's history and legal standing. In this blog, we will delve into the specific circumstances surrounding Spelondor Landbase Limited, including their legal performance and implications for potential buyers.

Overview of Spelondor Landbase Limited

Spelondor Landbase Limited is a builder operating in the state of Haryana. The company has attracted a notable amount of attention due to its legal history, marked by one complaint and a single case that has resulted in a loss for the builder.

Legal Performance

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

Legal Case Breakdown

The sole legal case against Spelondor Landbase Limited involved a complaint from an appellant seeking a refund of the amount deposited for a property due to delays in delivery of possession. The respondent (the builder) contended that the Adjudicating Officer lacked jurisdiction over the refund complaint. Ultimately, the court allowed the appeal, which suggests that the builder's position was not sufficiently upheld in the legal forum.

Analysis of Legal Outcomes

Patterns in Cases

Cases Lost:

In the one case that resulted in a loss, the reason appears to center on failure to deliver possession timely. Delays in project completion often lead to disputes and demands for refunds, which can severely impact a builder's reputation and financial stability. The inability to deliver as promised is a critical factor that potential buyers should be wary of when considering investments with Spelondor Landbase Limited.

Cases Won:

Interestingly, while the builder has experienced a legal loss, the structure of the case indicates that there may have been procedural issues rather than substantive flaws in the builder's claims. The successful appeal to the higher authority suggests that while the builder may sometimes question jurisdiction, it can be resilient in advocating for its rights within the legal system.

Conclusion

Based on the available data, Spelondor Landbase Limited presents a mixed record in terms of legal affairs. The single complaint and loss demonstrate areas of concern, particularly concerning their project delivery commitments. Future buyers should assess this history critically.

Tips for Potential Buyers

1. Investigate Delivery Timelines: Ensure you are well-informed about the expected timelines for project completion and delivery of possession.
2. Review Legal History: Consider the builder’s legal track record: one lost case could indicate potential risks in your investment.
3. Seek Transparency: Ask the builder for detailed updates on project status regularly and maintain open channels of communication.
4. Document Everything: Ensure that all agreements, timelines, and commitments are documented to protect your interests.

General Tips for Selecting a Builder

• Research extensively on the builder’s reputation, including customer reviews and legal disputes.
• Verify that the builder holds all necessary licenses and is in good standing with relevant regulatory bodies.
• Consider visiting completed projects and speaking with current homeowners to gather insights on the builder's performance.
• Evaluate the financial viability of the builder to minimize the risks of project delays or cancellations.

In conclusion, while Spelondor Landbase Limited has potential, potential buyers should proceed with due diligence and cautious optimism, keeping the builder's legal history in mind.