STATE EXCISE MULTI-PURPOSE COOPERATIVE SOCIETY LIMITED

Introduction

In the intricate world of real estate, choosing the right builder can make a significant impact on your investment and overall experience. This blog post delves into the performance of the State Excise Multi-Purpose Cooperative Society Limited, analyzing their track record, legal disputes, and what potential buyers should consider before engaging with them.

Builder Profile

Name: State Excise Multi-Purpose Cooperative Society Limited
States with Projects: Karnataka
Number of Complaints: 1
Cases Won: 0
Cases Lost: 1

Legal Case Overview

The builder has faced legal challenges, with one notable case filed against them. The details of this case are as follows:

• Appellant Claim: The complainant claimed that the builder failed to execute the sale deed and hand over possession of a site in the 'Excise Layout' project, despite having made full payment.
• Respondent Claim: The builder contended that the complainant was not entitled to relief since there was no binding agreement stipulating a fixed timeline for possession.
• Final Verdict: The case was partly allowed by the authority, which directed the builder to execute the sale deed and provide possession within 60 days.

Patterns Identified in Cases Lost

The single case lost by State Excise Multi-Purpose Cooperative Society Limited presents a clear pattern where the claim revolves around the non-fulfillment of contractual obligations. Key factors include:

• Failure to Execute Agreements: The central issue in the lost case highlights the builder's failure to provide possession as agreed upon, leading to legal proceedings.
• Communication Gaps: The absence of a binding agreement with a clear timeframe may suggest possible miscommunication or lack of transparency during the buyer's engagement process.

Patterns Identified in Cases Won

Interestingly, the builder has not won any cases based on the provided data, indicating a lack of success in defending themselves against the complaints. This may raise concerns for potential buyers about the builder's ability to uphold agreements and commitments.

Conclusion

Based on the available information, the State Excise Multi-Purpose Cooperative Society Limited exhibits a challenging track record in its legal engagements. With one complaint resulting in a loss and none won, potential buyers must exercise caution when considering them for real estate investments in Karnataka.

Tips for Potential Buyers

1. Research Thoroughly: Before engaging with a builder, investigate their past projects, client reviews, and any legal disputes. Knowing their reputation can help inform your decision.
2. Seek Clarity on Agreements: Ensure that all contractual terms regarding possession and timelines are clearly documented and legally binding.
3. Legal Consultation: If possible, consult with a legal expert to review contracts or deal structures to safeguard your investment.

General Tips When Selecting a Builder

• Check for Complaints: Look into the builder's history for any complaints filed against them with regulatory authorities.
• Visit Previous Projects: If feasible, visit previous projects completed by the builder to assess quality and adherence to timelines.
• Gauge Communication: Evaluate how the builder communicates with clients. Transparent and timely communication can be a significant indicator of service quality.

In conclusion, while the State Excise Multi-Purpose Cooperative Society Limited has projects in Karnataka, their legal history prompts a careful consideration. Potential homeowners should approach with due diligence and consider the outlined tips to protect their interests.

Analysis of the cases filed against the builder State Excise Multi-Purpose Cooperative Society Limited, which it lost, revealed several key themes across the complaints raised by the other parties involved.

The primary disputes can be categorized into two main topics: Delayed Possession Claims and Disputes over Contractual Obligations.

In the case of Delayed Possession Claims, the complainant asserted that despite having paid the agreed consideration for a site in the 'Excise Layout' project, the builder failed to execute a sale deed and hand over possession. This highlights a significant concern for buyers regarding the builder's reliability in fulfilling contractual obligations related to timely possession of properties.

The builder's defense revolved around the claim that there was no binding agreement establishing a fixed time limit for possession. However, the authority ruled against the builder, partly allowing the complaint and directing the builder to execute the sale deed and hand over possession within a specified timeframe (60 days).

The pattern emerging from this case suggests that one of the most common triggers for litigation involves the builder’s inability to meet project timelines and fulfill their commitments to buyers. Buyers are particularly sensitive to delays in possession, as these often intersect with their personal and professional timelines for relocation or investment purposes.

The underlying reason for the builder's loss in these cases appears to stem from insufficient evidence supporting their claims of no fixed possession timeline, combined with a failure to comply with the expected standards of service and contractual obligations in real estate transactions. The builder's inability to provide timely possession and complete sales documentation raises critical questions about their operational practices and adherence to regulatory requirements.

Overall, these findings indicate a need for buyers to exercise caution when engaging with the State Excise Multi-Purpose Cooperative Society Limited. It is essential for potential buyers to thoroughly investigate a builder’s reputation, track record, and previous legal disputes before making significant financial commitments. Understanding and clearly defining contractual obligations, including timelines for possession, is crucial to avoid future legal hassles in the real estate market.