YOUNG INDIA HOUSING PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Telangana
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When it comes to real estate investment, choosing the right builder can make or break your experience. This post takes a close look at Young India Housing Private Limited, a builder based in Telangana, examining its legal history and what potential buyers should keep in mind when considering a purchase from this firm.
Builder Overview
Young India Housing Private Limited operates in the Indian real estate market, specifically within the state of Telangana. With only one legal complaint recorded against them, the builder's track record raises questions and prompts further examination of their dealings.
Legal Case Summary
Recently, a notable legal dispute emerged involving Young India Housing Private Limited:
- Complaint Filed: The complainant argued that the builder did not register the plots in the GMR project despite having received full payment. The complainant demanded the registration or a refund for the unregistered DRR project.
- Builder's Defense: In its defense, the builder contended that they were not the developers of the GMR project. They asserted that they purchased the plots from landowners and claimed that the complainant was aware of the projects' non-compliance with RERA registration requirements.
- Verdict: The authority ruled against Young India Housing Private Limited, mandating a refund to the complainant and imposing a penalty of Rs 31,500 for not adhering to RERA registration requirements.
Analysis of Legal Patterns
Cases Lost
The case filed against Young India Housing reflects a pattern of:
- Registration Issues: The primary issue centered around the failure to register projects in compliance with RERA, indicating potential shortcomings in legal adherence and transparency.
- Financial Obligations: The builder's inability to secure registration despite receiving full payment raises concerns about their financial handling and contract commitments.
Cases Won
Interestingly, although the builder has only one case recorded against them and has lost it, the assertion that they are not the developers indicates a potential defense strategy. However, without any cases won, there are no positive patterns or insights to extract from their performance in legal disputes.
Conclusion
Based on the documented evidence, Young India Housing Private Limited presents a concerning profile for potential buyers. The single legal case against them hints at significant issues in project management and adherence to regulatory demands. While they operate in Telangana, prospective purchasers should proceed with caution.
Tips for Potential Buyers
- Conduct Thorough Research: Investigate the builder's reputation and past projects. Speak to current homeowners and seek out reviews and testimonials.
- Verify RERA Compliance: Ensure that the builder is compliant with all RERA regulations and that their projects are properly registered.
- Review Contracts Carefully: Before signing, scrutinize the contract for any clauses that may favor the builder and be sure to understand your rights as a buyer.
- Consult with Legal Experts: Given Young India Housing's legal history, it may be wise to consult with a real estate lawyer before making any transactions.
General Tips for Selecting a Builder
- Assess Experience: Look for builders with a track record of successful projects and satisfied customers.
- Visit Completed Projects: Whenever possible, visit completed projects to evaluate construction quality and finish.
- Understand Financing Options: Be clear about the financing terms and inquire about any additional costs that may arise post-purchase.
In summary, while Young India Housing Private Limited may offer potential projects, their legal challenges highlight the need for potential buyers to remain vigilant and informed.
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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 Young India Housing Private Limited, where the builder lost, reveals several key themes and key patterns in the disputes. The cases primarily revolve around issues such as registration delays and refunds, non-compliance with RERA registration requirements, and disputes over project ownership and development.
Many of the cases involve the builder's failure to register properties in projects despite receiving full payment. This highlights a significant area of concern for buyers who anticipate timely registration of their plots. The reason commonly cited for these delays is the builder's claim of not being the project developer, which indicates a potential misunderstanding or miscommunication about their role in the projects.
Many people brought cases to court seeking refunds and registration compliance, leading to the imposition of penalties for non-adherence to RERA regulations. For instance, in one case, the builder was ordered to refund the payment made for a plot in the DRR project along with a penalty for violating RERA registration requirements.
The builder's defense often revolved around their purported lack of involvement in developing the projects and their assertion that buyers were aware of the non-registered status of the projects. However, this defense did not stand, indicating that the builder's obligations may not have been clearly communicated or understood by the parties involved.
The common reasons for the builder’s losses in these cases include insufficient evidence to support their claims of non-involvement, failure to comply with the legal requirement for RERA registration, and potentially misleading communications with buyers regarding their roles in the projects.
In summary, the cases against Young India Housing Private Limited serve as a cautionary tale for buyers about the importance of ensuring RERA compliance and clear communications from builders regarding project registrations and ownership.
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 |
|---|---|---|---|---|---|---|---|
| 495 of 2023 | Telangana | Complainant sought registration of plots and refu… | ["RERA registration… | {"appellant_claim": "The complainant claimed that… | Anish Manavath | Young India Housing… | https://drive.google.com/uc?id=1JVQyOoqP8-rCQzlZAPZINGsytBXKEr5x |