VALUE AND ASSETS HOLDING PRIVATE LIMITED

Introduction

In the real estate market, selecting the right builder is paramount for prospective home buyers. One such builder under scrutiny is Value and Assets Holding Private Limited, based in Karnataka. This blog post examines the builder's performance, the legal troubles faced, and what potential buyers should consider before making a decision.

Overview of Legal Issues

Value and Assets Holding Private Limited has been involved in 2 legal complaints, none of which ended in their favor - they lost both cases. Both cases revolved around similar grievances from complainants regarding compensation due to delays in possession and defects in the apartment.

Breakdown of Complaints

1. First Case：
   • Appellant Claim: Compensation for delay in handing over possession and defects in the apartment.
   • Respondent Claim: The builder argued that the complainants had previously agreed to a settlement of Rs. 7,50,000 and had abandoned further claims.
   • Final Verdict: The adjudicating officer partly allowed the complaint, leading to an order for the builder to pay Rs. 6,00,000 to the complainants.
2. Second Case：
   • Identical claims and responses as in the first case, resulting again in a verdict favoring the complainants with the same compensation awarded.

Patterns in Legal Performance

Examining the cases, we observe:

• Common Factors in Lost Cases: The recurring theme in both cases involved delays and defects related to the properties. Despite the builder's claims of prior settlements, the legal outcomes indicate a failure to uphold quality promises, leading to a loss of cases.
• Outcomes in Won Cases: Interestingly, while the builder won no cases, the outcomes were partially favorable to complainants, suggesting a judicial acknowledgment of consumer rights, with the courts granting monetary compensation despite the builder's arguments.

Conclusion: Assessing Value and Assets Holding Private Limited

The analysis of Value and Assets Holding Private Limited reveals a concerning track record of legal disputes with no successful defenses. With two official complaints resulting in losses, potential buyers should approach this builder with caution. While their projects may be appealing, the underlying issues of delayed possession and reported defects cannot be overlooked.

Tips for Potential Buyers

1. Research Thoroughly: Investigate the builder’s historical performance, focusing on customer reviews and legal cases.
2. Seek Transparency: Ensure the builder provides comprehensive information about the project, including timelines and warranty details.
3. Understand Legal Rights: Familiarize yourself with your rights as a buyer, especially concerning project delays and property defects.
4. Consider Financial Implications: Evaluate any financial compensation trends from legal disputes to understand potential risks.

General Tips for Selecting Builders

• Check for Licensing and Registrations: Always confirm that the builder is registered and holds any necessary licenses.
• Visit Previous Projects: Touring other completed projects can provide insight into the builder's quality and craftsmanship.
• Consult with Real Estate Professionals: Get advice from real estate agents or lawyers who are familiar with local builders and market conditions.

In conclusion, due diligence is essential when selecting a builder, especially with value considerations at play. With Value and Assets Holding Private Limited’s current legal standing, buyers may wish to proceed with caution.