Frequently Asked Questions
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Market Walk
Shikohpur, Gurugram, Haryana
VATIKA LIMITED
Market Walk is a premier retail space project located in the bustling Sector 82A of Gurugram. This strategically positioned development is designed to cater to the growing demand for commercial spaces in the area, providing a vibrant shopping experience for residents and visitors alike. The project spans over 1.08 acres and features a total of 59 retail units, making it an ideal destination for businesses looking to establish a presence in one of the most sought-after locations in Gurugram.
The project emphasizes modern infrastructure and sustainability, ensuring that it meets the needs of both tenants and customers. With a focus on energy efficiency, Market Walk incorporates advanced systems such as LED lighting and timer control panels to minimize energy consumption. The development also includes comprehensive fire safety systems, ensuring a secure environment for all.
Market Walk is designed to provide a seamless shopping experience, with ample parking facilities and easy accessibility from major roads. The location benefits from high foot traffic and proximity to residential areas, making it an attractive option for retailers and service providers. The project is set to enhance the local economy and provide a hub for community engagement and commerce.
What is Market Walk?
Market Walk is a retail space project located in Sector 82A, Gurugram, designed to provide a vibrant shopping experience with 59 retail units.
What are the key features of Market Walk?
The project features modern infrastructure, energy-efficient systems, and comprehensive fire safety measures.
Where is Market Walk located?
Market Walk is located in Sector 82A, Village Shikohpur, Gurugram.
What are the advantages of this location?
The location benefits from high foot traffic, proximity to residential areas, and easy accessibility from major roads.
Is Market Walk a good investment opportunity?
Yes, Market Walk is strategically positioned to attract a significant customer base, making it a promising investment for retailers.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 3 2022
- Project Span: 1.08 Acres
- No of Towers: 1
- Total No of Units: 59
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Market Walk
- Address: Sector 82A, Village Shikohpur, Gurugram, Haryana
- Sector: Sector 82A
- Locality: Shikohpur
- City: Gurugram, Haryana
- Builder: VATIKA LIMITED
RERA Authority
Haryana Real Estate Regulatory Authority
RERA Registration Number
RERA-GRG-PROJ-306-2019
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VATIKA LIMITED
- No of Complaints: Not Available
- States (Active in): Gurugram, Haryana, Rajasthan
Introduction
When considering a real estate investment, understanding a builder's reputation is crucial. In this blog post, we delve into Vatika Limited, a prominent builder operating in various states, including Gurugram and Rajasthan. With the backdrop of numerous legal complaints, let’s explore the outcomes of these cases to better inform potential buyers.
Overview of Vatika Limited
Number of Complaints: 829 Cases Won: 114 Cases Lost: 715 States with Projects: Gurugram, Haryana, Rajasthan
Analysis of Legal Cases
Cases Lost
Surprisingly, out of 829 complaints, Vatika Limited lost a significant majority, tallying 715 lost cases. An analysis of these lost cases reveals some telling patterns:
- Lack of Jurisdiction Claims: A recurring theme in cases lost includes disputes over jurisdiction, where the adjudicating officer often upheld the authority’s jurisdiction to hear the case.
- Pre-Deposit Failures: Many cases resulted in dismissal due to the builder’s failure to make mandatory pre-deposits required by the Real Estate (Regulation and Development) Act of 2016.
- Issues with Delivering Possession: Numerous cases centered around the inability of the builder to deliver possession of units on time, highlighting a consistent failure in fulfilling promises to buyers.
- Misrepresentation Claims: Some complainants alleged that the builder concealed material facts or misrepresented aspects of the units, which led to dissatisfaction and subsequent legal battles.
- Delayed Projects: A significant number of cases related to projects labeled as abandoned or significantly delayed, causing complainants to seek refunds, clearly indicating issues in project execution.
Cases Won
In stark contrast, Vatika Limited also won 114 cases. A closer look at these successful outcomes suggests the following:
- Withdrawal of Appeals: A notable portion of wins involved complainants withdrawing their appeals, often following settlements, indicating that sometimes issues can be amicably resolved.
- Claims of Non-Entitlement: Many cases were won based on decisions where the Tribunal ruled that complainants were not entitled to the relief sought, often because of contractual stipulations not being met.
- Precedent on … Read more
