| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
When considering a real estate investment, it is crucial to thoroughly research the builders behind the projects. In this post, we delve into the profile of Wisdom Residency, a builder operating primarily in Chhattisgarh, to provide potential buyers with important insights regarding their track record, legal history, and considerations when making a purchase.
Overview of Wisdom Residency
Wisdom Residency is known for developing residential projects in the state of Chhattisgarh. However, prospective buyers should take note of the builder's legal history as it can significantly affect their investment decisions.
Legal Case Analysis
Wisdom Residency has faced a total of two legal cases: one case that was won and one that resulted in a loss. The details of these cases reveal key insights into the builder's legal standing:
- Cases Filed Against the Builder
- Won: 1 case (Final Verdict: Disposed)
- Lost: 1 case
The case that was won does not provide …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Wisdom Residency, where the builder lost, reveals several key themes and key takeaways across the board. The cases can be broadly categorized into four types: delayed possession claims, non-compliance with municipal orders, disputes over land conversion or classification, and penalties for project delays.
Many of the cases involve delayed possession claims, where buyers contested the builder's inability to deliver units within the promised timelines. This is a recurrent theme in real estate disputes, often attributed to factors beyond the builder's control, such as regulatory changes or unforeseen construction complexities. However, in the case of Wisdom Residency, the builder's defenses in these instances were insufficient to meet the expectations set during the purchase agreements.
Non-compliance with municipal orders is another significant theme evident in the cases. As builders must adhere to local regulations and orders from municipal authorities, any failure to do so typically …
Individual case details available for subscribers.
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