SUNWORLD RESIDENCY PRIVATE LIMITED
- No of Complaints: 2
- States (Active in): Uttar Pradesh
| CIN | U70200UP2010PTC099023 |
|---|---|
| Year Established | 8-Jun-10 |
| Address | GH-01/C SECTOR - 168 , NOIDA, Uttar Pradesh, India - 201305 |
| Company Status | Private |
Introduction
In the competitive landscape of real estate, it is crucial for potential buyers to conduct thorough research about builders before making significant investments. In this blog post, we will explore Sunworld Residency Private Limited, a builder operating primarily in Uttar Pradesh. We will analyze their legal history, identify patterns in their cases, and provide valuable insights for prospective buyers.
Builder Overview
Sunworld Residency Private Limited operates in Uttar Pradesh and has come under legal scrutiny. With a total of two complaints registered against them, the builder has faced challenges that have resulted in unfavorable outcomes.
Legal Case Analysis
Cases Lost
Sunworld Residency Private Limited has lost two cases, with both cases revolving around a buy-back scheme. The appellants claimed refunds of Rs. 12,96,071/- citing the buy-back agreement. In these instances, it appears that the primary issue was the builder's refusal to refund the amount paid by the appellants, which they did so in accordance with the buy-back scheme. The Tribunal ultimately ruled in favor of the appellants, reinforcing the notion that the buy-back scheme should be honored, indicating a failure on the part of the builder to comply with their obligations.
Common Patterns in Lost Cases:1. Consistent Grounds for Complaints: Both complaints centered on the same premise—the builder’s failure to refund amounts under the buy-back scheme.
2. Legal Accountability: The Tribunal’s decision emphasizes the enforced accountability on builders to adhere to stated financial commitments.
Cases Won
Interestingly, the builder has no documented cases won, which suggests a consistent pattern of unfavorable outcomes in legal matters. The same two cases where refunds were sought exemplify the builder's ongoing challenges.
Common Patterns in Won Cases:- Lack of Cases Won: With zero cases won against a backdrop of losses, it raises concerns regarding the builder’s credibility and reliability in fulfilling contracts.
Conclusion
Based on the legal data available, Sunworld Residency Private Limited has faced legal setbacks that potential buyers should consider seriously. The builder's inability to win any cases and their track record of losing cases related to financial obligations under a buy-back scheme raise red flags about their reliability and commitment to customer satisfaction.
Tips for Potential Buyers
- Due Diligence: Conduct thorough research, including legal backgrounds and customer reviews, before committing to any purchase from Sunworld Residency Private Limited.
- Ask Questions: Engage directly with the builder to clarify any concerns regarding financial schemes, warranties, and refund policies.
- Seek Legal Advice: Consult with a legal expert who can understand and interpret contracts before signing any agreements.
General Tips for Buyers Choosing Any Builder
- Examine Track Records: Investigate the builder's history of completed projects and review any legal disputes that have arisen.
- Read Reviews: Look for testimonials from previous buyers to gauge the builder's reputation and service quality.
- Verify Registrations: Ensure that the builder is registered with relevant governing bodies and complies with local building regulations.
By following these guidelines and carefully considering the insights presented regarding Sunworld Residency Private Limited, potential buyers can make informed decisions that safeguard their investments.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Sunworld Residency Private Limited, where the builder lost, revealed several key points across the disputes raised by the appellants.
The primary theme in these cases revolves around "Refund Disputes over Buy-Back Schemes." The appellants consistently claimed that they were entitled to refunds along with interest as per the buy-back scheme they had opted for. In each case, the builder contested this, arguing that the appellants were not entitled to such refunds. However, the Tribunal ruled in favor of the appellants, indicating a legal shortfall on the builder's part in adhering to the agreed-upon buy-back terms.
A common reason for these legal disputes was the builder's failure to honor agreements made during the sale of apartments. The appellants were motivated to take legal action due to the builder's refusal to provide timely refunds as mandated by the buy-back scheme. This pattern highlights a significant issue in the builder's operational practices, specifically concerning adherence to financial agreements and customer obligations.
The builder lost these cases primarily due to their inability to defend their position adequately. The Tribunal's ruling suggests that the builder may have lacked sufficient evidence to support their claims or possibly misinterpreted the legal implications of the buy-back agreements. Furthermore, the repetitive nature of these cases indicates a systemic problem within the builder's practices, resulting in multiple legal challenges that could have been avoided with proper compliance and ethical dealings.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.