Introduction

In the competitive world of real estate, making an informed decision about builders is crucial for potential homeowners. AKG Affordable Housing Private Limited is a name you may come across if you are exploring property options in Rajasthan. This blog delves into the builder’s track record, particularly focusing on legal challenges, and what potential buyers should consider before making a purchase.

Legal Background and Complaint Analysis

AKG Affordable Housing Private Limited has faced a total of 9 complaints, out of which 8 cases were lost and only 1 case was won. This heavily tilted outcome raises flags about the builder's reliability and commitment to fulfilling obligations towards buyers.

Cases Lost

The one case the builder lost was a dispute where the complainant claimed to be aggrieved in a real estate matter. The crux of the verdict hinged on the assertion that the complainant was not an allottee, thus deemed not an aggrieved party. This incident reveals a critical insight: potential buyers should ensure that their transactions are documented properly to avoid being considered outsiders in case of disputes.

Cases Won

Conversely, in the 8 cases won by AKG, a consistent pattern emerges where complainants claimed that the builder failed to deliver possession of flats. The builder defended by citing unforeseen circumstances that delayed project completion and committed to refunds with interest for deposits made. Notably, the rulings consistently required the builder to refund amounts with interest calculated at rates stipulated in the agreements. This pattern may provide some assurance to prospective buyers that if refunds are necessitated, the builder is likely to abide by authority directives.

Analysis of Patterns

• Commonality in Lost Cases: The singular case that resulted in a loss shows a critical reliance on the status of the complainant. Buyers who may not have formal allotments must ensure that they have solid agreements in place to … Read more