70 REALTY

Introduction

When considering any real estate investment, understanding the builder’s reputation and past performance is crucial. Today, we dive into an analysis of 70 Realty, a builder operating primarily in Gujarat. With a very limited history of complaints and legal cases, it’s important for prospective buyers to scrutinize what the available data reveals.

Builder Overview

Builder Name: 70 Realty
Number of Complaints: 1
Cases Won: 0
Cases Lost: 1
States with Projects: Gujarat

Legal Case Summary

The legal landscape surrounding 70 Realty includes:

1. A single case where the appellant claimed that 70 Realty failed to submit quarterly reports on time, allegedly violating the RERA Act and Rules.
   - Respondent’s Claim: 70 Realty argued they were not aware of the applicable law and did not intend to violate it.
   - Final Verdict: The authority found against 70 Realty, imposing a penalty of Rs. 50,000, which must be personally paid by the …

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Analysis of the cases filed against the builder 70 Realty, which it lost, revealed several key points across the board. The disputes can primarily be categorized into two main themes: non-compliance with the RERA Act and rules, and penalties incurred due to late reporting of necessary documentation.

In the case of non-compliance, the builder was found to have violated the provisions set forth by the RERA Act by failing to submit quarterly reports on time. This raises a broader concern about the builder's adherence to regulatory standards and their potential implications on the projects they undertake.

The penalties for late reporting serve as a direct consequence of the builder’s non-compliance. Courts imposed fines in an effort to enforce responsibility and timely fulfillment of obligations. In one notable case, the builder was penalized with a fine of Rs. 50,000, which underscores the legal system's commitment to ensuring that builders uphold their …

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