CIN | U85110KA1993PLC013916 |
---|---|
Year Established | Not Available |
Address | No.133/1, THE RESIDENCY, 10th Floor Residency Road BANGALORE KA 560025 IN |
Company Status | Public |
Overall Case Outcomes
When considering a new home or project, understanding the background and track record of builders is crucial for potential buyers. In this blog post, we will explore Sri Nakoda Construction Limited, a builder operating primarily in Karnataka. With a minimal complaint history and a successful legal record, we will delve into their performance and provide tips for prospective homeowners.
Yearly Trend for these Cases
An analysis of the cases filed against the builder, Sri Nakoda Construction Limited, which the builder won, revealed the following information.
The cases can be grouped under three common themes:
The reasons for bringing these cases to court generally revolve around disputes over land rights, alleged regulatory non-compliance, and claims of encroachment. Buyers and regulatory bodies sometimes file complaints due to misunderstandings or disputes stemming from the complexities of land ownership and classification regulations.
A significant pattern emerges from these cases—the common reasons the builder won can often be attributed to insufficient evidence from the opposing parties and the builders' strong legal arguments. For instance, in the land ownership case, the builder was able to provide documented proof of legitimate land acquisition and compliance with all necessary regulations. Additionally, the authorities ruled in favor of the builder on jurisdictional grounds, reaffirming the importance of having a clear understanding of legal standing in such disputes.
This analysis provides valuable insights into the builder's reputation within the broader real estate market. It highlights a critical reality: buyers can sometimes make unfounded accusations against builders, leading to drawn-out legal battles. Sri Nakoda Construction Limited has shown resilience and a strong track record of successfully defending against unjust claims, emphasizing their commitment to ethical practices in the industry.
For potential buyers, the takeaway is clear: it's vital to make informed decisions when navigating the complexities of real estate. While legitimate disputes do occur, the cases analyzed demonstrate that reputable builders like Sri Nakoda Construction Limited can often effectively counter baseless accusations. Buyers are encouraged to approach claims with caution and seek reliable information to form balanced opinions about a builder's reputation.
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