| CIN | U45200KA2008PTC046249 |
|---|---|
| Year Established | Not Available |
| Address | First and Second Floor, No. 194,Sankey Road Sadashivnagar Bengaluru Bangalore KA 560080 IN |
| Company Status | Private |
Overall Case Outcomes
Introduction
In the ever-evolving real estate market, it's crucial for potential homebuyers to assess the reputability and operational history of builders before making a purchase. In this article, we explore Vikram Structures Private Limited, a builder operating primarily in Karnataka, based on their legal track record and customer complaints.
Legal Case Overview
Vikram Structures Private Limited has faced one recorded complaint which culminated in a legal case. Here is a summary of the case details:
Case Summary
- Appellant Claim: The complainant filed a case citing a delay of over 2 years and 9 months in project completion and sought compensation as per Section 18 of RERA (Real Estate Regulatory Authority).
- Respondent Claim: In defense, Vikram Structures claimed that they were prepared to refund the amount paid by the complainant but stated that the project could not be completed due to external factors, including objections from the land owner, …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Vikram Structures Private Limited, where the builder lost, reveals several key themes and key pieces of information regarding their legal disputes.
The cases against Vikram Structures primarily revolve around three common themes: delayed possession claims, disputes over project completion and refunds, and penalties for project delays. The most prominent theme is delayed possession claims, where buyers sought compensation for the significant delays in project completion. In one notable case, the delay was cited as more than 2 years and 9 months, leading the complainants to seek compensation as per Section 18 of RERA.
Buyers commonly brought cases to court contesting the builder's reasons for delays, which often included objections from landowners, encounters with hard rocks during construction, and complications related to BBMP permissions. Instead of addressing these issues promptly, the builder opted to offer refunds rather than complete the projects on time, …
Individual case details available for subscribers.
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