| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
WICS Estates Private Limited: An In-Depth Analysis for Potential Homebuyers
When it comes to investing in real estate, understanding the track record of a builder is crucial for making informed decisions. WICS Estates Private Limited, primarily operating in Punjab, provides a case study worth exploring for potential homeowners. With only one complaint filed against them and their handling of a notable legal case, let’s delve into the details surrounding this builder’s performance and what it means for prospective buyers.
Legal Case Overview
WICS Estates Private Limited has been involved in a single legal dispute, wherein the complainant alleged that the builder failed to deliver possession of a residential unit, seeking a refund of the amount paid. The builder, however, contended that the complainant had not completed their payment obligations, attributing the delay in possession to various factors.
In this case, the verdict from the Real Estate Regulatory Authority (RERA) was …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against WICS Estates Private Limited, where the builder lost, reveals several key themes and patterns. The disputes primarily center around three topics: delayed possession claims, payment disputes, and refund claims.
Many of the cases involve claims from buyers that the builder failed to deliver possession of their residential units on time. For instance, in one significant case, the complainant sought a refund due to the builder’s inability to provide valid offer of possession, which demonstrates a breach of contractual obligations. The builder's defense often revolves around their contention that delays are caused by various unforeseen reasons, but the RERA Authority has consistently ruled against this defense, emphasizing the importance of meeting project timelines.
Payment disputes are another recurring theme, where the builder claims that buyers have not completed their payment obligations. However, the outcomes suggest that this defense has been insufficient to override …
Individual case details available for subscribers.
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