SPLENDOR VANDBASE

Introduction

In the competitive landscape of real estate, buyers often look for reliable builders to invest their hard-earned money. One such builder is Splendor Vandbase, known for its projects in Haryana. However, recent legal disputes concerning the builder have raised concerns among potential buyers. This blog post delves into the information available about Splendor Vandbase, focusing on the complaints against the builder, the outcomes of these disputes, and essential tips for prospective buyers.

Legal Challenges Faced by Splendor Vandbase

Splendor Vandbase has encountered a total of 2 complaints. Alarmingly, the builder has lost all cases filed against them, resulting in no victories in the legal arena. The details of these cases provide valuable insight into the builder's performance and reliability.

Insights from Legal Cases

Both cases filed against Splendor Vandbase share a common scenario:

• Nature of complaints: The complainants alleged that they paid a significant amount of Rs. 19,66,500/- for an allotment that was later cancelled by the builder without a refund of the paid amount.
• Builder’s defense: In response, Splendor Vandbase claimed that the complainants defaulted on payments, justifying the cancellation of their allotment.
• Verdict outcome: In both cases, the authority ordered Splendor Vandbase to refund the remaining amount after deducting 10% as earnest money while also applying an interest rate of 9.40% on the refunded amount from the cancellation date until realization.

Common Patterns Observed:

• Recurring Theme: In all the disputes, the main contention lies in payment defaults and cancellations of allotments, leading to significant financial implications for the buyers.
• Authority’s Stand: Despite the builder's claims, the authority's decision to mandate refunds indicates a lack of substantiation on the builder's part regarding the alleged defaults.

Assessment of Splendor Vandbase

Based on the presented data, several conclusions emerge about Splendor Vandbase:

• Trust Issues: The fact that all the builder’s legal cases were lost raises significant questions about their reliability and operational ethics.
• Financial Impact: Buyers should be aware of the potential financial losses associated with engaging with this builder, especially concerning refundable amounts in the event of cancellation.

Tips for Potential Buyers

Given the findings regarding Splendor Vandbase, prospective buyers should exercise caution:

1. Due Diligence: Research the builder's history thoroughly. Look for reviews, complaints, and any previous legal entanglements.
2. Clarification on Terms: Before entering into any agreement, ensure that you fully understand the payment terms and cancellation policies.
3. Seek Legal Advice: Consider consulting a real estate lawyer to review any contracts before signing.
4. Trust Your Gut: If something feels off about the builder or the property, don’t hesitate to explore alternatives.

General Tips for Selecting a Builder

Whether considering Splendor Vandbase or any other builder, here are additional tips for buyers:

• Check Credentials: Verify the builder’s credentials, including licenses, registration, and any awards or recognitions received.
• Explore Previous Projects: Visit previously developed properties by the builder to evaluate the quality and craftsmanship.
• Understand Market Trends: Stay informed about the local real estate market trends to ensure you make a well-informed investment.
• Assess Customer Service: Gauge the builder's responsiveness and willingness to address queries, reflecting their commitment to customer satisfaction.

Conclusion

Choosing a builder is a critical part of any real estate investment, and Splendor Vandbase’s legal challenges emphasize the importance of careful consideration. By staying informed, conducting thorough research, and seeking appropriate guidance, buyers can safeguard their investments and make more prudent decisions in the real estate market.