WTC FARIDABAD INFRASTRUCTURE & DEVELOPMENT PRIVATE LIMITED
- States Active In: Haryana
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the ever-evolving landscape of real estate, potential buyers often find themselves in search of reliable builders to invest their hard-earned money. One such entity worth examining is WTC Faridabad Infrastructure & Development Private Limited, a builder primarily active in the Haryana state. This blog post aims to dissect the builder's legal history and assess its overall standing in the real estate market, offering valuable insights for prospective homebuyers.
Builder Overview
WTC Faridabad Infrastructure & Development Private Limited is noteworthy not only for its ambitious projects in Haryana but also for its relatively clear legal history. With a total of 1 complaint lodged against them, the company has successfully contested and won that legal battle, maintaining a perfect record in terms of cases won versus lost.
Legal Case Analysis
Case Summary
The only legal case filed against WTC Faridabad Infrastructure & Development Private Limited revolved around accusations of operating …
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, WTC Faridabad Infrastructure & Development Private Limited, which the builder won, revealed the following insights. The cases predominantly fell into several recurring themes, including allegations regarding Ponzi schemes, issues concerning locus standi or legal standing, and claims of harassment and extortion by the complainants.
The most prominent allegations involved claims that the builder was operating a Ponzi scheme disguised as a real estate project. Complainants alleged that the builder promised assured returns on investments and buy-back options on plots carved out of agricultural land. This indicates a growing concern among buyers regarding the financial practices of real estate developers, particularly those dealing with unregulated land conversion issues.
Cases like these were often initiated in response to perceived unscrupulous financial practices, leading to serious allegations that could tarnish a builder's reputation. The motivations behind bringing these cases forward appeared to hinge on …
Individual case details available for subscribers.
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