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Overall Case Outcomes
Introduction When it comes to investing in real estate, especially in a vibrant state like Gujarat, choosing the right builder is crucial. In this blog post, we take a closer look at Angle Infra, exploring its legal background, performance in disputes, and what potential buyers should know before committing to a purchase.
Angle Infra operates primarily in Gujarat and has handled a modest number of projects. However, potential investors should be aware of the builder's track record, especially when it comes to legal matters.
The builder has faced one official complaint, which they lost. Here is a summary of the legal case:
In conclusion, the performance and legal history of Angle Infra should serve as a cautionary tale for potential buyers. The builder has faced legitimate challenges regarding compliance with regulatory requirements. While one instance of a fine isn’t exhaustive enough to paint a complete picture, it does highlight the importance of ensuring the builder understands and adheres to legal obligations in the construction industry.
By following the insights provided in this article, potential buyers will be better equipped to make informed decisions when considering Angle Infra or any builder in Gujarat.
Yearly Trend for these Cases
Analysis of the cases filed against the builder Angle Infra, which it lost, reveals several key themes across the various disputes. The cases highlight ongoing issues in three primary areas: regulatory non-compliance, project reporting delinquencies, and penalties for project delays.
In terms of regulatory non-compliance, the builder faced scrutiny from the Gujarat Real Estate Regulatory Authority (RERA) for failing to adhere to the provisions outlined in the RERA Act. Specifically, the builder did not submit the required quarterly reports and applications for extending the project registration timeframe. This points to a troubling trend where builders may not prioritize compliance with regulatory requirements, potentially indicating a systemic issue within their operational practices.
Project reporting delinquencies emerge as another significant theme. The builder's failure to furnish mandatory reports on a timely basis raises concerns about their project management capabilities. It is crucial for builders to maintain transparent and up-to-date records, as this information is essential for assessing project progress and ensuring that all stakeholders are informed.
The imposition of penalties serves as a deterrent for non-compliance and delays in project completion. In the case of Angle Infra, RERA imposed a fine of Rs. 50,000 for the builder’s violations. This penalty highlights the regulatory authority's commitment to enforcing the RERA Act and protecting the interests of homebuyers. The common reasons for the builder's losses in these cases center around insufficient knowledge of the law and inadvertence, which underscores the importance of education and training in real estate regulations.
Overall, the patterns emerging from these case summaries suggest that builders who neglect regulatory compliance and project reporting obligations are likely to face legal challenges. As a buyer, it is essential to conduct thorough due diligence and assess a builder's reputation regarding these matters before making any investment.
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