VESNO PROMOTERS & DEVELOPERS
- No of Complaints: 1
- States (Active in): Madhya Pradesh
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the realm of real estate, the reputation of a builder can significantly impact the purchasing decision of potential buyers. Vesno Promoters & Developers, operating primarily in Madhya Pradesh, has come under scrutiny based on the limited information available regarding their legal track record. This blog aims to dissect the builder's complaints and legal outcomes to aid potential buyers in their decision-making process.
Legal Case Overview
Vesno Promoters & Developers has encountered a legal complaint, with 1 case recorded against them. Notably, they have not won any cases but lost one, which raises concerns about their operational conduct in the real estate market.
Case Details
In the one recorded case, the applicant sought a refund of Rs. 5,00,000, alongside interest and compensation, arguing for the non-delivery of possession of a shop. The builder contested this claim, stating that the applicant had not fulfilled their payment obligations, and that the delay in possession was due to incomplete construction. In a noteworthy outcome, while the complaint was partially accepted, the builder was ordered to pay Rs. 5,00,000 with interest, along with additional compensation for mental distress and case expenses.
Analysis of Cases
Patterns in Lost Cases
The primary factor in the builder's lost case revolves around the delivery and possession of property. The complaint highlighted a significant delay in providing possession of a shop, indicating potential issues in project completion timelines or management practices within the company. This points to a worrying trend where clients may face challenges in receiving what they were promised, raising red flags for future buyers.
Patterns in Won Cases
Interestingly, while Vesno Promoters & Developers has a record of having lost all their cases, it's important to note that in the single case adjudicated, they did partially win by disputing the entirety of the claim regarding payment. The adjudication, however, still resulted in a financial burden for the builder. This suggests that even when contesting claims, the outcomes may not be favorable for them, which could further extrapolate to buyer experiences.
Conclusion
Based on the limited legal history available, Vesno Promoters & Developers raises concern for potential buyers. The singular loss in a case—centered around non-delivery and incomplete projects—underscores possible reliability issues. Buyers should approach this builder with caution, ensuring they conduct thorough due diligence before proceeding with any transactions.
Tips for Potential Buyers
- Research Thoroughly: Verify the track record of the builder, including previous projects and any complaints or reviews available.
- Seek Legal Guidance: If considering a purchase, consult with a legal expert to review contracts and ensure your investments are protected.
- Ask for References: Speak to previous customers of the builder to gather firsthand experiences regarding possession timelines and support services post-purchase.
- Inspect Existing Projects: If possible, visit other completed or ongoing projects by Vesno Promoters & Developers to assess quality and progress.
General Tips for Buyers When Selecting Any Builder
- Assess Financial Stability: Ensure that your builder has a robust financial standing to avoid any project halts.
- Check for Licensing and Compliance: Confirm that the builder adheres to all local laws and has the necessary permits for construction.
- Read the Fine Print: Always review the sale agreement carefully to understand terms regarding possession, delays, and warranty.
- Stay Informed: Keep up with local real estate trends and any changes in laws that may affect your rights as a buyer.
In conclusion, while Vesno Promoters & Developers operates in Madhya Pradesh, buyers should be wary and informed about their legal standing before making a significant 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 Vesno Promoters & Developers, where the builder lost, reveals several key themes and patterns. The disputes primarily center around two topics: delayed possession claims and disputes over payment and construction completion.
In the case of delayed possession claims, the applicant sought a refund of Rs. 5,00,000 with interest and compensation due to the builder's failure to deliver possession of a promised shop. This case highlights a common issue in real estate transactions, where buyers expect timely possession of their properties, and a delay can result in significant mental and financial distress.
The builder's defense in this case revolved around the claim that the applicant had not paid the full amount due and that the possession could not be granted due to incomplete construction. However, the Adjudicating Officer ruled in favor of the applicant, indicating that the builder's reasons for delaying possession were insufficient and resulted in mental compensation and case expenses being awarded to the applicant.
This pattern suggests that one of the most common triggers for litigation with Vesno Promoters involves delays in delivering property possession, often attributed to alleged payment discrepancies or construction delays. Buyers may contest penalties imposed by builders for late payments or dispute builders’ claims of incomplete construction as reasons for delayed possession.
The builder’s losses in these cases often stem from inadequate justification for delaying possession or imposing payment requirements that contradict contractual agreements. Non-compliance with established timelines for construction and delivery of property can lead to legal consequences, as seen in this case where the builder was ordered to refund the payment along with interest and compensation.
In conclusion, potential buyers should approach transactions with Vesno Promoters & Developers with caution, weighing the risks associated with delayed possession and payment disputes. It is essential to ensure that all terms in the contractual agreement are clear, including timelines for possession and payment schedules, to mitigate the risk of becoming entangled in legal disputes.
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 |
|---|---|---|---|---|---|---|---|
| 4-4000-20-0888 | Madhya Pradesh | The applicant sought refund of Rs. 5,00,000 with … | ["Refund", "Compens… | {"appellant_claim": "The applicant claimed refund… | S C Srivastava | Vesno Promoters & D… | https://www.rera.mp.gov.in/upload/complaint_files/698896811151.pdf |