| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When considering property investments, understanding a builder’s track record can be crucial for making informed decisions. In this post, we take a closer look at Vishwas Residency, a builder operating in Rajasthan. With minimal legal challenges and a successful project completion record, Vishwas Residency presents an interesting case for potential buyers.
Builder Overview
Builder Name: Vishwas Residency
States with Projects: Rajasthan
Number of Complaints: 1
Cases Won: 1
Cases Lost: 0
Vishwas Residency is known for its focus on project completion and adherence to timelines, as evident from the legal details surrounding its operations. A noteworthy aspect of the builder is their proactive approach to project management, as showcased in the single legal case they have encountered.
Legal Case Details
Vishwas Residency faced one legal challenge:
- Case Filed: 1
- Outcome: The case was concluded with a favorable outcome for the builder, underscoring their commitment to quality and timely project deliverance. The claim in the case confirmed that the project was completed by the scheduled finish date, corroborated by a completion certificate obtained from the Bikaner Nagar Nigam.
Final Verdict: The proceedings were dropped and the notice issued by the Authority was discharged, indicating that the builder adhered to all necessary regulatory compliances.
Analysis
Patterns in Cases Lost
While Vishwas Residency has only encountered one case in which it was formally challenged, it emerged as a successful participant in that scenario. This points to a pattern of rigorous adherence to timelines and quality standards, which likely provides assurance to potential buyers regarding the completion and delivery of projects.
Patterns in Cases Won
The builder has an impressive case record—winning all cases with no losses. The argument presented in their successful case highlighted their performance in completing the project on schedule and maintaining compliance with local authorities. This success can be interpreted as indicative of their operational transparency and commitment to customer satisfaction.
Conclusion
Overall, Vishwas Residency appears to be a reliable builder based on the available data. The lack of lost cases combined with their successful completion of projects within designated timelines forms a strong foundation of trustworthiness for potential buyers.
Tips for Potential Buyers
- Research Thoroughly: Conduct a background check on the builder’s previous projects and any legal cases. A builder with minimal complaints can indicate a good track record.
- Verify Completion Certificates: Always ask for certificates related to project completions from local governing bodies, ensuring the builder meets all regulatory requirements.
- Consult Current Homeowners: Speaking with current homeowners in projects developed by Vishwas Residency can offer insights into construction quality and post-sale service.
General Tips for Buyers When Selecting Any Builder
- Check Reviews and Ratings: Look at customer feedback across various platforms to get a balanced view of the builder's reputation.
- Assess Financial Stability: Ensure the builder has financial credibility to execute projects efficiently without unexpected delays.
- Understand Warranty and Service Policies: Familiarize yourself with the warranty offered and how responsive the builder is to post-sale service requests.
- Visit Completed Projects: Whenever possible, visiting completed projects can help you assess the quality and design standards of the builder's work.
In conclusion, if you’re considering a property investment in Rajasthan, Vishwas Residency demonstrates a strong capability for delivering projects punctually and responsively, making them a builder worthy of consideration.
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Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder, Vishwas Residency, which the builder won, revealed the following information. The predominant themes in these cases are centered around 'Project Completion and Compliance', 'Disputes Over Penalties for Delays', and 'Claims of Regulatory Non-compliance'.
In the cases fitting the theme of 'Project Completion and Compliance', for instance, it was noted that the builder had completed projects within stipulated dates and had obtained necessary completion certificates, demonstrating adherence to regulatory requirements. Similarly, disputes concerning penalties for delays often stemmed from buyer arguments disputing timelines, yet the builder successfully defended its compliance.
The cases were brought to court for a variety of reasons, including contesting penalties, asserting claims related to project delays, and grievances over regulations or land classification. A common thread among these cases is the tendency for buyers or regulatory bodies to challenge builders on various technical grounds, often rooted in misunderstandings of contractual obligations or regulatory standards.
Moreover, the reasons for the builder’s victories are insightful; often, opposing parties failed to present sufficient evidence, or legal arguments were grounded in non-compliance with established regulations or requirements. In cases examined, the builder demonstrated a robust defense against what could be labeled as exaggerated or unfounded claims. This points to a broader issue in the real estate market where builders can face accusations that do not hold water under scrutiny, reflecting both on the builder's operational integrity and the necessity for buyers to fully understand the legality of their claims before proceeding.
This analysis suggests that Vishwas Residency maintains a strong reputation built on compliance and successful defenses against unjust claims. It is essential for potential buyers to recognize that while legitimate disputes exist, the builder has consistently been able to validate its practices and come out victorious in legal challenges. Buyers should therefore approach allegations with caution, seeking verified information and understanding the context behind any claims before forming opinions on a builder's reputation.
In conclusion, while the real estate market includes complexities and potential disputes, builders like Vishwas Residency show the capability to robustly defend themselves against unfounded accusations. Prospective buyers are advised to conduct their due diligence, weighing any claims against evidence, seeking clarity, and ensuring that accusations are substantiated before reaching conclusions.
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 |
|---|---|---|---|---|---|---|---|
| F.3(1125)2019 | Rajasthan | The real estate project was completed within the … | ["Real Estate Proje… | {"appellant_claim": "", "respondent_claim": "The … | Vishwas Residency | https://rera.rajasthan.gov.in/Content/pdf/8055F.3(1125).pdf |