| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When searching for a reputable builder to invest in real estate, it's vital to conduct a thorough background check. In this blog post, we will delve into the track record of TREASURE INDIA, a builder currently operating in Madhya Pradesh, with a focus on their legal history and customer satisfaction. By examining their complaints and legal cases, potential buyers can make informed decisions before investing.
Overview of TREASURE INDIA
TREASURE INDIA has been involved in multiple legal disputes, with seven complaints lodged against them, none of which they have won. This suggests a concerning pattern for the builder, as all cases concluded unfavorably for them, raising significant red flags for potential homebuyers.
Legal Case Details
The builder has faced a total of seven cases, all of which resulted in losses. The nature of these cases reveals several key trends:
Patterns in Lost Cases
- Failure to Provide Basic Facilities: …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Treasure India, where the builder lost, reveals significant insights into the recurring themes surrounding their disputes. The cases can be broadly categorized into four primary topics: Delayed Possession Claims, Failure to Provide Basic Facilities, Compensation Disputes for Development Work, and Non-Compliance with Payment Schedules.
The majority of the claims made by the applicants revolve around delayed possession of properties and the lack of provided basic amenities, which are fundamental expectations when purchasing land or homes. Applicants often found themselves in precarious situations where they had made substantial payments—sometimes as much as 50% of the fixed price—only to be left without property possession for extended periods. Such delays naturally led to claims for compensation, as buyers faced financial losses and mental distress due to the builder’s inability to fulfill agreements.
A pattern emerges where the builder consistently attributed delays and shortcomings …
Individual case details available for subscribers.
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