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Akar Sanjewels
New Market, Margao, Goa
AKAR CREATIONS PRIVATE LIMITED
Akar Sanjewels is a premier commercial project located in the bustling New Market area of Margao, South Goa. This project is designed to cater to the growing demand for retail spaces in the region, offering a unique blend of shopping and dining experiences. The project features a total area of 441.0 Sq Mtr, with a focus on creating an vibrant retail environment.
The project is strategically located on Martires Dias Road, ensuring excellent visibility and accessibility for businesses. Akar Sanjewels is equipped with modern amenities, making it an ideal choice for retailers looking to establish a presence in one of Goa's busiest commercial hubs.
Key features include spacious retail units, ample parking space, and a well-planned layout that enhances customer flow. The project is completed, with possession available since Quarter 1 of 2019, making it a solid investment opportunity for businesses looking to thrive in South Goa's commercial landscape.
What is Akar Sanjewels?
Akar Sanjewels is a premier commercial project located in New Market, Margao, South Goa, designed for retail spaces.
What is the total area of the project?
The total area of Akar Sanjewels is 441.0 Sq Mtr.
Where is Akar Sanjewels located?
Akar Sanjewels is located on Martires Dias Road, Margao, South Goa.
What are the key benefits of the location?
The project is strategically located for excellent visibility and accessibility, making it ideal for businesses.
What amenities are offered at Akar Sanjewels?
The project features spacious retail units, ample parking space, and a well-planned layout.
Is Akar Sanjewels a good investment opportunity?
Yes, with its prime location and modern amenities, Akar Sanjewels presents a solid investment opportunity for businesses.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall
- Flat Type:
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 1 2019
- Project Span: 441.0 Sq Mtr
- No of Towers:
- Total No of Units: 2+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Akar Sanjewels
- Address: New Market, Martires Dias Road, Margao, Goa
- Sector: Martires Dias Road
- Locality: New Market
- City: Margao, Goa
- Builder: AKAR CREATIONS PRIVATE LIMITED
RERA Authority
Goa Real Estate Regulatory Authority
RERA Registration Number
PRGO01190459
Project
Neighborhood
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AKAR CREATIONS PRIVATE LIMITED
- No of Complaints: Not Available
- States (Active in): Maharashtra
Introduction
In the dynamic and often tumultuous world of real estate, a builder's integrity and legal standing are paramount for potential buyers. Today, we turn our attention to Akar Creations Private Limited, a builder currently active in Maharashtra. This post will explore the legal challenges faced by the builder, the outcomes of their cases, and provide potential buyers with insights into their dealings.
Overview of Legal Cases
Akar Creations Private Limited has faced a total of 2 complaints, both of which have resulted in losses for the builder. This raises concerns regarding their commitment to fulfilling contractual obligations, particularly regarding delayed possession of flats. In reviewing these cases, we can glean important insights into the builder's legal history.
Case Details
- Claim of Delayed Possession
- Appellant Claim: Appellants (homebuyers) sought interest due to delays in possession of their flats.
- Respondent Claim: The builder argued that homebuyers failed to take possession within two months following the offer, which they claimed violated section 19(10) of the relevant real estate act.
- Final Verdict: The appeals were allowed, resulting in the builder being directed to pay interest for the possession delay occurring from June 30, 2016, to December 7, 2017.
Analysis of Legal Patterns
Cases Lost
The two cases lost by Akar Creations Private Limited highlight a troubling pattern. Both cases revolved around delayed possession, suggesting that the builder may have a systemic issue with timely project completion. Homebuyers have a rightful expectation to receive their properties within a stipulated timeframe, and the failure to meet these timelines can lead to significant customer dissatisfaction and loss of trust.
Cases Won
Interestingly, while there have been two cases lost as mentioned, the case summaries reference an appeal allowed regarding the delayed possession, indicating a level of responsibility being placed on the builder to compensate buyers for their distress. However, both cases still reinforce a negative perception … Read more
