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VEENA REALCON PRIVATE LIMITED

  • No of Complaints: 6
  • States (Active in): Maharashtra
CIN U70102MH2012PTC228926
Year Established 29-Mar-12
Address 1,2 & 3 Veena Sarang Complex, Saibaba Nagar Extn. Road, Opp KVC Club, Borivali (West) Mumbai Mumbai City MH 400092 IN
Company Status Private

Introduction

In the competitive realm of real estate development, choosing the right builder is crucial for ensuring a smooth and satisfactory purchasing experience. This blog post delves into Veena Realcon Private Limited, exploring their legal track record, common issues faced, and tips for potential buyers navigating the housing market.

Overview of Veena Realcon Private Limited

Veena Realcon Private Limited operates primarily in Maharashtra and is characterized by a troubling legal record. With a total of six complaints lodged against them, the company has lost all six cases, raising concerns for potential buyers considering their projects.

Legal Case Analysis

Cases Lost

The analysis of the builder's lost cases reveals several recurring themes:

  1. Delay in Delivery of Possession: In all four cases where the builder filed appeals and lost, the common defense was centered around claiming that delays in possession delivery were due to factors beyond their control. However, the appellate tribunal consistently ruled in favor of the respondents, determining that the builder was liable to pay interest for these delays. This trend underscores a consistent failure in meeting project timelines, a critical component for buyer satisfaction.
  2. Interest Payment: The tribunal's dismissal of Veena Realcon's appeals indicates that the builder is often held accountable for their contractual obligations, particularly regarding compensation for delays. The decisions reflect a lack of effective communication and project management within the organization.

Cases Won

In contrast, the two cases that Veena Realcon managed to win were quite different in nature:

  1. Causation of Delay: These cases involved procedural issues rather than substantial claims regarding project delays. The builder successfully argued that applicants had not sufficiently explained their delayed appeals, leading the tribunal to condone the delay subject to costs. This indicates that while the builder struggles with project execution, they can navigate legal processes effectively concerning procedural discrepancies.

Conclusion

The overall assessment of Veena Realcon Private Limited highlights significant risks for potential buyers. The consistent losses in cases related to project delivery and buyer compensation suggest that future purchasers should approach with caution.

Tips for Potential Buyers

  1. Due Diligence: Research the builder's track record comprehensively, focusing on their ability to meet timelines and fulfill contractual agreements.
  2. Legal Safeguards: Ensure you have legal guidance when entering any agreement with the builder to safeguard against potential disputes.
  3. Communication: Maintain open communication with the builder and request regular updates on project progress to avoid unexpected delays.

General Tips for Selecting Any Builder

  1. Check Reviews and Complaints: Look at customer reviews and any complaints filed against the builder to gain insight into their reputation.
  2. Visit Previous Projects: If possible, visit completed projects to assess quality and craftsmanship.
  3. Clarify All Terms: Before signing, clarify all terms concerning project timelines, payment schedules, and penalties for delays.

By following these guidelines, buyers can make informed decisions that minimize risks associated with purchasing property from builders like Veena Realcon Private Limited.

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Delay in Filing Appeals Sufficient Cause for Delay Objections in Cross-Appeals

Analysis of the cases filed against Veena Realcon Private Limited, where the builder lost, reveals several key themes and patterns. The cases primarily revolved around delays in filing appeals and the builder's failure to provide sufficient cause for these delays.

The first type of case involves delays in filing appeals, where the applicant claimed confusion about whether to file a separate appeal or raise objections in the cross-appeal. This indicates a significant area of uncertainty and miscommunication in the builder's legal dealings.

Common reasons for bringing these cases to court include contesting the builder's delay in taking legal action and disputing their attributed reasons for the delay. A prevalent pattern emerges where the builder’s litigation often stems from an inability to meet deadlines or adhere to appropriate legal procedures, resulting in additional legal costs and complications.

The builder lost these cases primarily due to their inability to justify the delays with sufficient cause. The Tribunal consistently pointed out that the builder had not provided adequate reasons for the delay, leading to the conclusion that the delays were not intentional or deliberate yet still culpable under legal standards.

This analysis highlights the importance of prompt action and clear communication in legal matters for builders. It also underscores the need for builders to understand their obligations and the consequences of failing to meet legal deadlines or comply with regulatory requirements.

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
MA 44 OF 2022 Maharashtra The applicant filed an application for condonatio… ["Condonation of de… {"appellant_claim": "The applicant claimed that t… Mrs. Vijaylaxmi Shi… Veena Realcon Priva… https://drive.google.com/uc?id=1JZLq1KeI8u1gkqm5EE7S9E5CQMurPtlh
Delayed Possession Claims Interest Payment Disputes Project Completion Timeline Issues

Analysis of the cases filed by the builder Veena Realcon Private Limited, which it lost, revealed several key insights regarding recurring themes and disputes that highlight the builder's challenges in project execution and legal compliance.

  1. Delayed Possession Claims: The primary theme across all cases focused on the claims related to the delay in delivery of possession. In each instance, the builder argued that the delays were due to factors beyond their control. However, this has been a significant point of contention that has led to litigation.
  2. Interest Payment Disputes: Alongside the possession claims, there was a repeated assertion by the respondents that the builder was liable to pay interest for the delays that occurred. This suggests a potential oversight or miscalculation by the builder regarding their financial obligations to homebuyers.
  3. Project Completion Timeline Issues: The builder’s inability to complete the project within the agreed timeline emerged as a common thread across the cases. Respondents consistently contended that the appellant's failure to meet project deadlines was the sole reason for the delays, reinforcing the necessity for stricter project management practices.

The builder commonly brought cases to court primarily focused on contesting the penalties and interest payments associated with delays in possession delivery. A noticeable pattern emerged wherein the builder sought to attribute the delays to external factors, showing a tendency to deflect accountability towards circumstances outside their control.

Despite their efforts to contest these claims, the builder lost these cases often due to a lack of sufficient evidence substantiating their arguments. The tribunal highlighted the appellant's failure to provide compelling proof that the delays were indeed beyond their control. Furthermore, the response from the opposing parties consistently demonstrated that liability remained with the builder due to their non-compliance with the agreed project timelines, as well as misinterpretations regarding legal obligations such as the payment of interest for delays. Overall, these cases reflect a need for greater diligence in project management and a clearer understanding of regulatory and contractual obligations.

This dictionary captures the essence of the information about the cases filed by Veena Realcon Private Limited, delineating key recurring themes and providing a comprehensive summary that would be suitable for an informative blog.

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
AT006000000010940 Maharashtra The appellant, a real estate promoter, challenged… ["Delay in possessi… {"appellant_claim": "The appellant claimed that t… Veena Realcon Priva… Mrs. Vijayalaxmi S.… https://drive.google.com/uc?id=1Alqa8UlIiu3hyMiqtDkk1xYlMfoCrakO

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