TRIANGLE PROJECT INDIA LIMITED

Introduction

Triangle Project India Limited is a builder operational primarily in Madhya Pradesh, India. While the company has undertaken various projects, it has encountered some legal challenges, specifically two complaints against it. This blog post provides an overview of the legal cases involving Triangle Project India Limited and offers insights for potential buyers.

Legal Case Overview

Triangle Project India Limited has been involved in two legal cases:

1. Case Won:
   • Appellant Claim: The applicant alleged that the builder had not completed the flat allocation work and sought relief.
   • Respondent Claim: The builder countered that the applicant had withdrawn the case from the consumer forum and sought to withdraw the case from RERA (Real Estate Regulatory Authority).
   • Final Verdict: The case was withdrawn by the applicant after an agreement was reached with the builder, indicating that both parties found a resolution without further escalation.
2. Case Lost:
   • Appellant Claim: The applicant claimed that …

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Analysis of the cases filed against Triangle Project India Limited, where the builder lost, reveals several key themes and key pieces of information across the board. The cases can be broadly categorized into three main topics: Delayed Possession Claims, Project Completion Disputes, and Withdrawal and Settlement Cases.

The first type, Delayed Possession Claims, is not explicitly detailed in the provided summary but is a common theme in real estate disputes. It generally involves claims from buyers that the builder has failed to complete and hand over their purchased flats within the stipulated timeline.

The second category, Project Completion Disputes, is exemplified by the case where the applicant claimed that the builder did not complete the flat allocation work. This highlights a significant area of contention between builders and buyers, particularly when buyers feel that their investment is not being delivered as promised.

The third category, Withdrawal and …

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An analysis of the cases filed against the builder, Triangle Project India Limited, which the builder won, revealed the following information.

The disputes primarily centered around three common themes: delayed possession claims, forum shopping, and disputes over interest rates charged.

The applicants frequently raised issues regarding significant delays in project completion, alleging that the builder had failed to deliver their homes on time, often by several years.

In these cases, it was revealed that the builder adeptly pointed out the inconsistencies in the claims made, particularly when it came to accusations of pursuing the same claim across different legal forums, known as forum shopping.

Moreover, disputes arose concerning the fairness of interest rates charged, wherein the builder advanced substantial evidence to counter such claims.

The reasons behind the complaints were varied, with buyers contesting penalties incurred due to delays or improved interest rates. Interestingly, one consistent pattern that emerged from …

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