| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding Waterfront Developers: A Detailed Look at Performance and Buyer Considerations
In the competitive world of real estate, choosing the right builder is crucial for ensuring a smooth home-buying experience. Here, we will take an in-depth look at Waterfront Developers, analyzing their track record, legal challenges, and what potential buyers should consider.
Company Overview
Waterfront Developers is an established builder currently operating in Karnataka. With a portfolio that includes the Skyline Waterfront project, they have gained recognition in the region. However, like any builder, they have faced some complaints and legal challenges.
Legal Challenges: A Closer Look
Waterfront Developers has been the subject of 9 complaints. Remarkably, they have emerged victorious in each case, with a record of 9 cases won and 0 cases lost. This impressive statistic raises questions about the nature of these complaints and the outcomes thereof.
Patterns in Legal Complaints
- Nature of Complaints: …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, which the builder won, revealed the following information.
The complaints primarily revolved around two key themes: 'Delayed Possession Claims' and 'Regulatory Non-compliance.' These themes are critical, as they encapsulate the most frequent disputes that buyers had with Waterfront Developers.
In the first theme, 'Delayed Possession Claims', multiple complainants alleged that the construction of the Skyline Waterfront project was incomplete and possession of the flats had not been handed over, despite full payment being made. This is a common issue faced by buyers who often feel they are left in limbo when builders fail to meet construction timelines.
The second theme of 'Regulatory Non-compliance' addressed complaints regarding the project's registration status under the RERA Act. The builder effectively argued that the project was not required to be registered, and thus the complaints were deemed non-maintainable. This highlights a significant misunderstanding or …
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