| CIN | AAI-6202 |
|---|---|
| Year Established | 21 February 2017 |
| Address | BUILDING NO.32/1946 G VENTURA 3RD FLOOR, N H BY PASS, EDAPPALLY ERNAKULAM, Kerala, India - 682024 |
| Company Status | Not Available |
Introduction
In the realm of real estate, potential buyers often seek builders with a reliable track record. Way One Resorts LLP, operating primarily in Kerala, has garnered attention for their performance in legal proceedings. This blog post assesses the builder’s history of complaints, victories, and associated patterns, along with valuable tips for prospective buyers.
Overview of Way One Resorts LLP
Way One Resorts LLP has been involved in a total of 1 complaint, which they successfully resolved in their favor. Notably, there have been no cases lost, highlighting a generally favorable track record in legal disputes.
Legal Case Details: An Insightful Look
Cases Lost
Despite the overall positive standing, Way One Resorts LLP has one documented case they lost. In this instance, the complainant alleged that they did not receive promised returns on investments and sought a refund along with interest and a conveyance deed.
Key Elements of the Lost Case:- Claim by Complainant: The complainant argued for refunds based on the alleged non-payment of promised returns.
- Response from Builder: The builder contended that the complainant was actually a partner in the firm, thus entitled to a share of profits and losses. They also argued that the authority did not hold jurisdiction over this case.
- Final Verdict: The authority dismissed the complaint due to lack of jurisdiction, indicating that the issue did not pertain to a registered real estate project.
The case suggests that disputes may arise in complex financial arrangements, particularly when there are claims of partnership or profit sharing. Potential buyers should be cautious and fully understand the terms of their involvement in any investment, as misinterpretations could lead to legal confusion.
Cases Won: The Builder's Strength
On the other hand, Way One Resorts LLP has successfully won 1 case. The nature of this victory is not detailed in the data, but it implies a favorable resolution to the builder against a complaint or claim.
Analysis of Patterns in Won Cases:Given the solitary case mentioned, the successful verdict reinforces the builder’s position that issues may often relate more to jurisdictional misunderstandings rather than the merits of construction quality or service. Buyers should recognize that a sound legal standing may reflect positively on a builder’s operational practices.
Conclusion
Overall Assessment of Way One Resorts LLP:Way One Resorts LLP presents a relatively strong profile in the domain of complaint handling and legal adjudications, having no losses in legal disputes except for the one that was dismissed for jurisdictional reasons. This suggests that potential buyers might not face significant legal issues concerning transactions with this builder, although they should remain informed about their rights and terms.
Tips for Potential Buyers
- Understand the Terms: Ensure to read and comprehend all contractual obligations, particularly any financial commitments related to returns or investments.
- Clarify Partnerships: If considering an investment, clarify your role within the contractual framework to avoid disputes related to profit sharing.
- Research: Look into the builder’s history and previous projects to gauge reliability and quality.
- Legal Advice: When unsure, consult a legal expert before entering any agreements with the builder.
General Tips for Selecting Any Builder
- Check Reviews and Ratings: Investigate online reviews from previous clients.
- Verify Licensing and Registration: Ensure the builder is properly licensed and registered with local authorities.
- Visit Completed Projects: Inspect previous projects to assess quality and satisfaction firsthand.
- Seek Recommendations: Talk to friends or colleagues who have experience with the builder.
By following these guidelines and adequately researching before making a decision, buyers can enhance their chances of a positive real estate investment experience.
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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, Way One Resorts LLP, which the builder won, revealed the following insights. These cases can be grouped under several common themes that reflect recurring disputes.
- Non-payment of Returns: In cases where complainants alleged non-payment of promised returns, the builder effectively argued that the original claimants had a different understanding of their financial arrangements, often positioning themselves as partners rather than mere investors.
- Claims of Partnership Vs. Investment: A notable theme was the contestation of the nature of the relationship between investors and the builder. Many complaints arose from misunderstandings regarding the rights and responsibilities associated with being a partner versus an investor, leading to disputes over profit-sharing and loss liabilities.
- Jurisdiction Issues: Complaints were also dismissed based on jurisdictional grounds, indicating that some parties may have filed their grievances in the wrong context or venue, showcasing a lack of understanding of the regulatory environment surrounding real estate projects.
The reasons for bringing these cases against Way One Resorts LLP typically involved assertions of project delays, breaches of contract regarding returns on investments, and confusion about legal standing in terms of investment versus partnership roles. A pattern emerges wherein complainants often failed to fully grasp the legal definitions and relationships inherent in their agreements.
On the other hand, the builder won these cases primarily due to factors such as the insufficient evidence presented by the opposing parties, the failure of complainants to prove their claims within the legal framework, and the ability of the builder to clarify the nature of the agreements in question. The dismissal of cases based on jurisdiction further illustrates a strategic defense by the builder against claims that lacked substantive legal backing or clarity.
This analysis underscores the builder’s reputation as a resilient entity capable of defending itself against unfounded allegations, which is a testament to their operational practices and commitment to compliance with legal standards. It is essential to recognize that in the real estate market, buyers may sometimes make unfounded claims against builders, leading to prolonged legal battles that could stem from misunderstandings rather than genuine malpractice.
For potential buyers, it is crucial to approach the acquisition of real estate with caution. This analysis indicates that while there are valid grievances in the industry, builders such as Way One Resorts LLP often demonstrate the ability to successfully counteract unjust claims. Thus, it becomes imperative for buyers to seek accurate information before forming opinions about a builder's reputation, ensuring they make well-informed decisions in their real estate investments.
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 |
|---|---|---|---|---|---|---|---|
| 251/2021 | Kerala | Complainant alleged non-payment of promised retur… | ["Real estate dispu… | {"appellant_claim": "Complainant alleged non-paym… | Kuldeep Dahiya | Way One Resorts LLP | https://rera.kerala.gov.in/complaint-file/251/2021/Kuldeep Dahiya |