| CIN | U70102TN2008PTC066788 |
|---|---|
| Year Established | Not Available |
| Address | Y-222, VGN Kimberly Towers, 2nd Avenue, Anna Nagar Chennai Chennai TN 600040 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the dynamic landscape of real estate, understanding the track record of builders is crucial for potential homebuyers. This blog post delves into the performance and legal history of VGN Projects Estates Private Limited, a builder primarily active in Tamil Nadu.
Overview of VGN Projects Estates Private Limited
VGN Projects Estates Private Limited has been involved in the creation of housing projects in Tamil Nadu. However, their legal history raises some concerns worth discussing for prospective buyers.
Legal Case Insights
Cases Filed
VGN Projects has faced legal scrutiny, with a total of 1 complaint registered against the builder. The key details of this legal case are summarized below:
- Complainant's Claim: The complainant sought possession of a flat and compensation for delays in possession.
- Builder's Response: The builder contended that the complainant had only settled 75% of the total payment due and requested the balance payment before handing …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against VGN Projects Estates Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Payment Disputes.
In the case of Delayed Possession Claims, the complainant sought possession of the flat and compensation for the delay in handing over the possession. This indicates a growing concern among buyers regarding the builder's ability to adhere to timelines and fulfill their commitments.
Payment Disputes revolve around the balance payment due from the buyer, which the builder claimed was essential for handing over possession. The authority's verdict emphasized the importance of adhering to the construction agreement, ensuring that possession would be granted once any outstanding balance was settled.
Common reasons for litigation in these cases include contesting penalties for delays, disputing project delays attributed to other parties, and disagreements over payment requirements. …
Individual case details available for subscribers.
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