WALSALYA BUILDERS & DEVELOPERS PRIVATE LIMITED

Introduction

Choosing the right builder for your property investment is a critical decision that can greatly influence your financial and emotional outcome. In this post, we will take a closer look at Walsalya Builders & Developers Private Limited based on their legal track record and project background.

Company Overview

Walsalya Builders & Developers Private Limited is a builder primarily operating in Madhya Pradesh. The builder has had a mixed legal history, currently facing one complaint that resulted in a case lost against the company.

Legal Case Details

In the singular case filed against Walsalya Builders, the applicant claimed that possession of a developed plot was not granted, and despite multiple requests, the builder failed to refund the consideration amount. In its defense, Walsalya Builders stated that the applicant owed them an additional Rs. 3,28,805/-.
The final verdict from the adjudicating officer favored the applicant, which included:

• Awarding interest at 8% per annum from the date of default.
• Compensation of Rs. 10,000/- for mental distress and other expenses incurred by the applicant.

This result indicates a significant issue regarding the company's fulfillment of contractual obligations, particularly relating to possession and refunds.

Case Analysis

Patterns in Lost Cases

• Non-Compliance with Possession: The most notable factor in the case lost by Walsalya Builders was a failure to grant possession of the promised property. This indicates potential inefficiencies in project delivery or mismanagement.
• Refund Issues: The lawsuit also highlighted the builder's reluctance to refund money, which is a significant red flag in terms of trust and reliability for potential buyers. Such issues can erode customer confidence and suggest a lack of effective communication.

Patterns in Won Cases

Currently, Walsalya Builders does not have any cases won. The only case on record resulted in a complete loss for the builder; therefore, it’s essential to approach this company with caution regarding their contractual commitments and customer service track record.

Conclusion

In summary, Walsalya Builders & Developers Private Limited has demonstrated concerning legal tendencies, particularly in failing to meet promised obligations regarding property possession and financial refunds. Given their record—with one complaint resulting in a lost case—it is crucial for potential buyers to weigh these factors carefully before engaging with this builder.

Tips for Potential Buyers

• Due Diligence: Always perform thorough research on any builder you consider. This includes reviewing legal cases, customer feedback, and project delivery track records.
• Written Agreements: Ensure that all commitments concerning property possession and payments are documented in your agreement to protect your interests.
• Financial Security: Be cautious when it comes to upfront payments and insist on clear timelines and conditions under which funds will be returned if agreements are broken.

General Tips for Selecting a Builder

• Check Credentials and Affiliations: Ensure the builder is registered and has the appropriate licenses. Look for affiliations with reputable building associations.
• Review Previous Projects: Visit completed projects to assess quality and get a feel for their work and customer satisfaction levels.
• Read Reviews and Testimonials: Online platforms can provide insights into other buyers' experiences, adding another layer to your decision-making.

Investing in property should be a secure and rewarding experience; therefore, approach with due care and informed awareness.

Analysis of the cases filed against Walsalya Builders & Developers Private Limited, which it lost, revealed several key themes across the disputes. The cases primarily revolved around delayed possession claims, disputes over refunds of consideration, and counter claims from the builder alleging pending payments from the applicants.

The delayed possession claims were the most prominent, with applicants often citing failure to receive possession of their developed plots despite multiple requests. This theme highlights significant issues in the builder's project management and delivery timelines, leading to loss of trust from buyers and ultimately resulting in legal actions.

Disputes over refunds of consideration emerged as another critical theme. In the cases analyzed, the builder was often unable to provide refunds to the applicants, which further aggravated the situation and prompted legal recourse. This indicates a potential systemic issue within the builder's operations, possibly related to financial management or adherence to regulatory requirements governing real estate transactions.

The builder's counter claims of pending payments suggest an attempt to deflect responsibility and obscure the primary issues faced by the applicants. However, the legal outcomes indicate that these counter claims were insufficient to defend against the allegations of delayed possession and failure to refund.

Common reasons for the builder’s litigation losses include:

• Insufficient evidence to support their claims of delayed payments owed;
• Non-compliance with the agreed-upon terms for possession delivery and refunds;
• Failure to address interim directions or resolve disputes amicably before escalation.

Overall, this analysis paints a concerning picture of Walsalya Builders & Developers Private Limited's ability to meet contractual obligations, manage expectations, and fulfill legal requirements. Buyers should exercise caution and conduct thorough due diligence before engaging with this builder.