| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering a property purchase, it's essential to conduct thorough due diligence on builders and developers. In the realm of real estate, potential buyers must analyze the track record of builders to make informed decisions. In this article, we delve into VIIJCON PROPERTIES, a builder operating in Karnataka, exploring its legal challenges and offering insights for potential buyers.
Overview of VIIJCON PROPERTIES
VIIJCON PROPERTIES has faced a total of two complaints, both resulting in losses for the builder. These legal battles highlight significant issues related to project completion and possession delays, prompting questions about the builder’s reliability and commitment to fulfilling its obligations.
Legal Case Summaries
- Delayed Project Completion: In the first case, the complainant claimed that VIIJCON PROPERTIES did not complete the project on time and sought a refund of their investment. The builder contended that the delays were caused by factors beyond their control; however, the …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against VIIJCON PROPERTIES, which the builder lost, reveals several key themes across the complaints raised by the other parties. The cases primarily revolve around delayed possession of flats and project completion delays, highlighting significant concerns in fulfilling contractual obligations on time.
The first type of cases involves Delayed Possession Claims. In these cases, the complainants often cited delays in the delivery of their purchased flats and sought compensation for these delays. For instance, one complainant sought compensation due to the developer's failure to provide possession as per the promised timeline, leading the adjudicating officer to direct the builder to pay delay compensation at the rate of 10.75% p.a.
Another recurring theme is Project Completion Delays, where the builder was unable to complete projects within the stipulated timelines. Complainants sought refunds based on the developer’s inability to complete the project on schedule, asserting that …
Individual case details available for subscribers.
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