| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
Purchasing a property is a significant investment and often fraught with uncertainties. One builder that has emerged in conversations within the real estate market is Virani Ventures. This blog post takes a detailed look at the builder's track record, particularly focusing on the complaints and legal disputes that have involved them.
Overview of Virani Ventures
Virani Ventures operates specifically in Goa, where they have embarked on at least one notable project known as 'The Palms Socorro.' However, this builder has not been without its challenges, as evidenced by the legal complaints brought against them.
Legal Case Details: A Closer Look
Virani Ventures has faced two complaints in total, both of which resulted in lost cases for the builder. Here’s a summary of the cases:
- Case Details: The complaint involved a request for a refund of the advance payment made for a flat within 'The Palms Socorro.' The complainants reported mental trauma and anguish due to delays associated with the project.
- Response from the Builder: In both instances, the builder defended their position by asserting that the project had all requisite approvals and that the complaints were minor issues. They also contended that the complainants were aware of existing disputes before signing the agreement.
- Verdict: The RERA (Real Estate Regulatory Authority) ordered Virani Ventures to refund the advance payment including GST, TDS, stamp duty, and registration fees, but the claims for interest and compensation for distress were referred to further adjudication.
Analyzing Patterns in Legal Outcomes
Cases Lost
In assessing the common factors in the cases lost by Virani Ventures:
- Nature of Complaints: They primarily revolved around delays in project completion and the claim for refunds.
- Consistency in Claims: Both cases exhibited identical structures and arguments, highlighting a pattern of dissatisfaction from buyers who felt aggrieved due to the builder's handling of the project timelines and communications.
Cases Won
Interestingly, Virani Ventures has not won any cases, indicating a complete lack of favorable verdicts in the legal challenges they have faced thus far. This pattern suggests potential weaknesses in their contractual agreements and customer relationship management.
Conclusion: Assessment of Virani Ventures
Overall, Virani Ventures faces significant challenges in maintaining credibility with potential buyers. With zero cases won and two lost cases, customers should exercise due diligence when considering investments with this builder. The reimbursement granted by RERA in the lost cases does not alleviate concerns about project delays and buyer satisfaction.
Tips for Potential Buyers
- Thorough Research: Investigate the builder’s reputation and past projects. Understanding previous buyer experiences can provide invaluable insights.
- Legal Awareness: Familiarize yourself with rights under RERA, ensuring you know what to expect if disputes arise.
- Seek Written Assurances: Get all commitments regarding timelines and project specifications in writing.
General Tips for Selecting a Builder
- Check Credentials: Always verify a builder’s licenses and certifications.
- Look for Transparency: A reliable builder should provide clear details regarding approvals, project timelines, and any potential disputes.
- Consult Reviews: Don’t solely rely on promotional material; look for third-party reviews and testimonials.
In summary, potential buyers should approach Virani Ventures with caution and ensure to do thorough research before making any commitments.
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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 Virani Ventures, where the builder lost, revealed several key themes across the complaints raised by the homeowners. The cases primarily revolved around three critical issues: delayed possession claims, disputes over project representation, and refund/compensation claims.
The delayed possession claims stemmed from significant delays in the completion of the project 'The Palms Socorro.' Complainants sought refunds owing to the prolonged duration in which they were unable to receive possession of their flats. This highlights a recurring pattern where buyers expect timely fulfillment of contractual obligations, and delays often result in loss of trust and legal disputes.
Disputes over project representation were another common theme. The builder claimed to have possessed all necessary approvals and clearances, asserting that the disputes were minor and didn't impact buyers. However, the complainants' decision to seek refunds and compensation suggests a perceived mismatch between their expectations and the builder's assurances—indicating possible misrepresentation of the project's status.
Refund and compensation claims were central to both cases summarized. Buyers sought substantial refunds, including reimbursement of the advance paid, along with interest, and compensation for the mental trauma caused due to the delays. While RERA ordered refunds in both instances, the compensation aspects were referred to adjudication, signaling a recognition of the buyers’ emotional and financial distress.
A pattern emerges where the primary trigger for these legal actions was the builder's failure to deliver on promises—particularly concerning timely possession and transparent communication of project disputes. The common reasons for the builder's losses include a lack of compelling evidence to counter the buyers' claims and a degree of insensitivity to the buyers' expectations and hardships, which reflects a broader trend in consumer protection legal actions.
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 |
|---|---|---|---|---|---|---|---|
| 3/RERA/Complaint(11… | Goa | Complainants sought refund with interest and comp… | ["Refund", "Compens… | {"appellant_claim(in detail)": "The complainants … | Arzilia Antonette D… | Virani Ventures | https://rera.goa.gov.in/reraApp/Orderimage?IMG_PATH=2UbakLftEiinDamFUdGWdg== |