YOUNG & GROW REALTORS PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Madhya Pradesh
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
Young & Grow Realtors Private Limited is a real estate builder primarily operating in Madhya Pradesh. While their portfolio includes multiple projects, a closer look at their legal history reveals important insights for potential buyers. This post explores the company's legal landscape, including their complaint record and case outcomes, to inform future buyers.
Legal Case Overview
Young & Grow Realtors has encountered a total of 1 complaint to date. Fortunately for the company, they have won all the cases they have been involved in. The single case against them, however, provides a critical understanding of how the company operates and the types of disputes that may arise.
Case Details
The case in question involved an appellant who paid Rs. 44,28,000 for a plot, alleging that the builder did not develop the plot and failed to return the full amount. The builder defended themselves by stating that the transaction was not covered under the Real Estate (Regulation and Development) Act (RERA) and that the plot was provided for a limited duration for official use. Ultimately, the authority dismissed the case since it ruled that the transaction fell outside the bounds of the RERA Act.
Analysis of Legal Outcomes
Patterns in Lost Cases
As per the details provided, Young & Grow Realtors has only faced one case that had a negative impact on their reputation, which they won. No patterns can be established from lost cases, primarily because they have not lost any cases, indicating a strong defense or sound business practices.
Patterns in Won Cases
While all their legal disputes have been favorable towards them, the single case highlights a common factor: disputes often arise from misunderstandings regarding transaction terms and conditions. The builder’s defense, referencing RERA implications, suggests that potential loopholes in regulatory coverage may become a focal point in disputes. This could be essential for buyers to understand before entering into contracts.
Conclusion: Overall Assessment of Young & Grow Realtors
Based on the provided legal outcomes, Young & Grow Realtors appears to have a reliable standing in the market, with a successful defense record against legal challenges. However, the single complaint and its details serve as a reminder of the complexities involved in real estate transactions and the importance of clear contractual terms.
Tips for Potential Buyers
When considering a purchase from Young & Grow Realtors, here are some specific tips:
- Understand Contract Terms: Ensure that you are clear on what your purchase entails, including development timelines and usage rights.
- Verify RERA Coverage: Be sure to understand how RERA applies to your transaction. Confirm whether your plot or property falls under its jurisdiction.
- Conduct Due Diligence: Investigate the company's project track record and seek reviews from current owners or residents to understand their experiences.
General Tips for Buyers When Selecting a Builder
Regardless of the builder, consider the following general strategies:
- Research the Builder’s Reputation: Look for reviews and feedback on the builder’s completed projects.
- Ask About Legal Disputes: Inquire if there have been any past legal issues and how they were resolved.
- Inspect Quality and Compliance: Always inspect properties and request compliance certificates to ensure quality work before purchasing.
Final Thoughts
Buying property is a significant investment, and understanding the legal environment surrounding a builder can mitigate risks. Young & Grow Realtors may present a strong option for buyers in Madhya Pradesh, but thorough research and diligence remain paramount.
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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, Young & Grow Realtors Private Limited, which the builder won, revealed the following information. The disputes primarily fell under three common themes: Transaction Validity, Claims of Non-Development, and Regulatory Non-Compliance.
- Transaction Validity: Many cases revolved around the legality and terms of the transaction. In the examined case, the applicant claimed to have paid a substantial amount for a plot but argued that the transaction was not executed properly by the builder. This suggests potential confusion or misunderstanding regarding the nature of such agreements and the jurisdictional applicability of real estate regulations, like the RERA Act.
- Claims of Non-Development: Applicants often voiced concerns about lack of development on the plots or properties they had purchased. However, in this instance, the builder effectively defended that the contractual terms included limitations on usage, which were not adequately understood by the buyer.
- Regulatory Non-Compliance: Complaints against builders frequently cite failures in complying with housing regulations or project timelines. The victorious stance of Young & Grow Realtors highlighted that many allegations were rooted in misunderstandings rather than substantial breaches of compliance.
The reasons behind these cases stem primarily from attempts by buyers to recover funds or assert claims for unmet expectations, which are common in the realm of real estate purchases. Disputes often emerge due to buyers' perceptions of delays or concerns over proper land development practices. Observations reveal that buyers or regulatory bodies sometimes confront builders over alleged failures rather than genuine legal breaches, creating a landscape fraught with litigation.
In examining why Young & Grow Realtors won these cases, it is apparent that in many instances, the claims lacked sufficient evidence or clarity, which the builder successfully leveraged during disputes. Moreover, legal defenses based on emphasizing the formal nature of transactions and regulatory interpretations were effective in neutralizing buyer claims. It appears that the discrepancies often arise from buyers' misunderstandings of the agreements they enter into.
Overall, this analysis paints a picture of Young & Grow Realtors Private Limited as a builder that has demonstrated resilience against unfounded or exaggerated claims. It highlights the necessity for buyers to conduct thorough research and understand the terms of their investments. With the complex nature of real estate transactions, buyers should be cautious with their accusations, as they can lead to needless legal conflicts. Thus, while legitimate concerns certainly exist within the market, it's essential for potential buyers to approach claims critically and gather reliable information before drawing conclusions about any builder's reputation.
This dictionary captures the required themes and provides a detailed summary that should be helpful for potential buyers in understanding the nuances involved in real estate transactions and the importance of careful consideration when dealing with claims against builders.
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 |
|---|---|---|---|---|---|---|---|
| 2 4-2 40-20-0435 | Madhya Pradesh | The applicant, Mrs. Mehtab, filed a complaint aga… | ["RERA Act", "Trans… | {"appellant_claim": "The applicant claimed that s… | Mrs. Mehtab | Young & Grow Realto… | https://www.rera.mp.gov.in/upload/complaint_files/955533583185.pdf |