| CIN | U45201HR2022PTC100377 |
|---|---|
| Year Established | 5-Jan-22 |
| Address | 291 Sector-17 Gurgaon Gurgaon HR 122001 IN |
| Company Status | Private |
Introduction
When considering investments in real estate, potential buyers often evaluate builders based on their reputation, legal standing, and project quality. In this analysis, we delve into YASHVI HOMES Private Limited, a builder with a reported single complaint and an overview of their legal standing.
Overview of YASHVI HOMES Private Limited
YASHVI HOMES Private Limited operates primarily in Haryana, focusing on residential projects. With only one recorded complaint against them, it’s essential to evaluate the nature of this complaint and how it aligns with the company’s overall conduct.
Legal Case Insights
Summary of Complaints
YASHVI HOMES has faced one complaint that culminated in a legal case. Below are the details:
- Complaint Summary: The respondent (YASHVI HOMES) claimed they had not issued a misleading advertisement, which was brought to attention by the authorities. The penalty imposed was significant, totaling Rs. 25 lakhs for the misleading advertising.
Cases Analysis
- Lost Case:
- The sole legal setback for YASHVI HOMES was due to the issuance of misleading advertisements. This suggests a lack of oversight or miscommunication regarding marketing practices.
- As this was a singular occurrence, there is insufficient data to identify broader patterns in losses beyond this specific case.
- Won Case:
- YASHVI HOMES does not have cases that they have won, as the current record indicates they have lost the only case brought against them.
Patterns Identified
- Lost Cases: The only case was lost on the grounds of misleading advertising. This indicates potential issues in their marketing strategies and adherence to ethical promotional practices.
- Won Cases: At this point, there are no cases won, suggesting a need for better management of their legal affairs and advertising methods.
Overall Assessment
YASHVI HOMES Private Limited has a minimal complaint history; however, the lack of victories in legal disputes raises concerns about their operational conduct. The imposition of a hefty penalty for misleading advertising not only damages the builder’s reputation but also signals a need for improved transparency and communication in their marketing efforts.
Tips for Potential Buyers
- Research Adequately: Investigate the builder's history and past projects to ensure quality and reliability.
- Verify Documentation: Ensure all advertising claims are backed by appropriate documentation to avoid falling prey to misleading promotions.
- Engage with Past Customers: Speak with previous buyers to gauge satisfaction and overall experience with YASHVI HOMES.
- Stay Informed: Keep abreast of any ongoing legal matters or complaints filed against the builder.
General Tips for Selecting a Builder
- Check Legal Standing: Always review a builder’s legal history and the outcomes of any cases. This can reveal underlying issues that may affect your purchase.
- Look for Reviews and Ratings: Search for independent reviews online to gain insights into the credibility and reliability of the builder.
- Assess Project Quality: Consider visiting existing projects to evaluate the quality of work firsthand.
- Evaluate Customer Service: A responsive customer service team is crucial, especially when addressing post-purchase issues.
Conclusion
In summary, YASHVI HOMES Private Limited currently presents a mixed picture. While they have only one formal complaint, the implications of that case suggest the need for enhanced marketing ethics and legal awareness. Potential buyers should exercise caution and perform due diligence before making a commitment.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against YASHVI HOMES Private Limited, which it lost, reveals several key themes across the disputes. The cases can be broadly categorized into misleading advertisements, regulatory non-compliance, and disputes over project representations.
The theme of misleading advertisements is particularly notable, as seen in the case where the Authority imposed a penalty of Rs. 25 lakhs on the builder for advertising projects in a manner that was not substantiated by their actual offerings. This highlights a pattern of litigation triggered by the builder's failure to adhere to advertising regulations, which is a common concern in the real estate sector.
People brought cases to court primarily to contest what they perceived as deceptive practices by the builder. The builder's defense often revolved around denying responsibility for advertisements or project representations, which indicates a significant communication gap between the builder's actions and its accountability.
The builder lost these cases chiefly due to insufficient evidence supporting their claims of innocence, coupled with a lack of compliance with regulatory requirements governing real estate advertising and project management. Failure to provide adequate documentation or to investigate and address grievances raised by buyers/prospective buyers further aggravated their position in litigation.
In conclusion, the cases against YASHVI HOMES Private Limited serve as a cautionary tale for buyers in the real estate market. They underline the importance of verifying project details, checking for regulatory compliance, and being aware of the common tactics employed by builders that may mislead buyers. Buyers should always conduct thorough research and consider credible sources before making any purchase decisions.
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 |
|---|---|---|---|---|---|---|---|
| RERA-GRG-399-2024 | Haryana | The Haryana Real Estate Regulatory Authority impo… | ["Misleading advert… | {"appellant_claim(in detail)": "", "respondent_cl… | Yashvi Homes Privat… | https://haryanarera.gov.in/assistancecontrol/viewOrderPdf/MTc3ODQx |