VASTUBHOOMI REAL ESTATE (I) PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Chhattisgarh
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overview of VASTUBHOOMI REAL ESTATE (I) Private Limited
VASTUBHOOMI REAL ESTATE (I) Private Limited operates within the real estate sector, specifically in the state of Chhattisgarh. As a builder, they have garnered attention for their project offerings, although there have been some legal challenges that potential clients should consider. In this post, we will delve into their performance regarding legal complaints, analyze the outcomes, and provide insights for buyers.
Performance Summary
The builder has encountered a total of 1 complaint which they lost. This indicates a need for potential buyers to evaluate their track record closely before making a purchase decision.
Legal Case Information:
- Total Cases Filed Against the Builder: 1
- Cases Won: 0
- Cases Lost: 1
Case Details:
- The sole case revolved around the builder's application for an extension of their project titled 'Vastu Suman.' The builder claimed that the application process was underway and that fee payment was in progress. However, the final verdict was unfavorable, as the case was closed due to the non-receipt of the extension fee.
Analysis of Legal Patterns
Cases Lost:
In examining the single case lost by VASTUBHOOMI REAL ESTATE, it appears that a critical factor was the procedural lapse concerning fee payments. The ruling emphasized an essential compliance requirement - the receipt of the extension fee, which highlights a potentially systemic issue regarding administrative diligence or communication with stakeholders involved in project management.
Cases Won:
Interestingly, the builder has not won any cases, indicating a need for improvement in how they handle legal obligations and disputes. Since they have only one case recorded, there isn't a pattern of victories, pointing towards challenges in building a defensible position when faced with legal claims.
Conclusion
Based on the assessment of VASTUBHOOMI REAL ESTATE's legal backdrop, it is crucial to approach this builder with careful consideration. Their lack of successful cases and the unfavorable outcome of their only recorded complaint may indicate underlying issues in project management or communication with regulatory bodies. As a buyer, exercising due diligence is paramount.
Tips for Potential Buyers
- Research Thoroughly: Investigate the builder’s past projects and any complaints or legal issues. Assess the quality of their developments.
- Seek Transparency: Ensure clear communication regarding project timelines, fee structures, and legal obligations on part of the builder.
- Visit Projects: If possible, visit completed projects by VASTUBHOOMI REAL ESTATE to gauge construction quality and management.
- Consider Legal Protections: Look into warranties or guarantees provided, as these can offer additional safety nets for buyers.
General Tips for Selecting a Builder
- Check Reviews: Look for customer feedback online. Consistent negative reviews can be a red flag regarding reliability.
- Examine Financial Stability: Assess the financial health of the builder to ensure they have the resources to complete your project.
- Understand the Contract: Read contracts thoroughly, ensuring you comprehend all terms, conditions, and obligations.
- Get Professional Insights: If possible, consult with real estate professionals who can provide valuable insights and guidance based on their experience.
In summary, while VASTUBHOOMI REAL ESTATE (I) Private Limited presents opportunities for buyers in Chhattisgarh, it is essential to approach with caution and ensure comprehensive due diligence to safeguard your investment.
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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 VASTUBHOOMI REAL ESTATE (I) Private Limited, which the builder lost, reveals several key themes across the disputes. The cases highlight key issues such as delays in project extensions, regulatory compliance challenges, and delays in the possession of property.
One of the most notable themes was the delay in project extensions. In the case of 'Vastu Suman,' the builder's application for an extension was not processed due to a failure to complete the fee payment on time. This indicates a pattern where cases may stem from either mismanagement of the application process or insufficient funds allocated for necessary fees.
Regulatory compliance issues also emerge from the trends in the cases. Builders often find themselves in litigation due to non-compliance with the underlying regulations governing real estate projects. This may involve everything from failing to secure proper zoning classifications to neglecting required permits for construction phases.
Additionally, delays in possession of property are a common trigger for dissatisfaction among buyers, leading to legal actions. This usually revolves around the builder's inability to complete projects on schedule, resulting in significant delays before buyers can take possession of their homes.
The reasons the builder lost these cases are varied but typically center around a few key factors. Insufficient evidence to support their claims, particularly in cases where the builder contested penalties or delays attributed to other parties, was a critical issue. Moreover, non-compliance with legal or regulatory requirements, such as the failure to pay extension fees or adhere to application processes, directly resulted in case closures.
Overall, the cases against VASTUBHOOMI REAL ESTATE (I) Private Limited highlight the need for buyers to be vigilant and informed when engaging with real estate developers. Understanding common themes in legal disputes can empower buyers to make better decisions and make necessary precautions to protect their investments.
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.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| 8BH-S20-2023-02093 | Chhattisgarh | Application for extension of project 'Vastu Suman… | ["Project extension… | {"appellant_claim": "Application for extension of… | CG RERA | Vastubhoomi Real Es… | https://rera.cgstate.gov.in/Content/ComplaintDocuments/Application_SM-EXP-2023-02093/FILE_FINAL_ORDER_1c8bd74d-28f0-49e3-abc3-48b58c4b01de.pdf |