ASSOCIATES INFRA DEVELOPERS PRIVATE LTD
- No of Complaints: 1
- States (Active in): Odisha
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the competitive realm of real estate, a builder's reputation is built not just on their ability to construct appealing properties, but also on their legal standing and customer relations. Today, we explore Associates Infra Developers Private Ltd, a builder currently operating in Odisha, examining their legal disputes and providing potential buyers with essential insights.
Overview of Legal Standing
Associates Infra Developers Private Ltd has a record indicating one formal complaint filed against them. The results of this case reveal some critical insights into the company's operational practices.
Legal Case Summary
The builder faced a penalty in a case where they were held liable for violating the provisions of the Real Estate (Regulation & Development) Act, 2016. They claimed completion of the project prior to the Act's commencement and asserted that they had the necessary certificates. Nevertheless, the court disagreed and imposed a fine of Rs. 10,00,000. This case exemplifies the importance of compliance with regulatory frameworks in real estate transactions.
Patterns in Legal Cases
Lost Case Analysis:- Common Factors: In the single case lost by Associates Infra Developers, the main factor was a lack of compliance with legal requirements as outlined in the Real Estate (Regulation & Development) Act. The penalty indicates a critical oversight in adhering to new regulatory standards, which serve to protect consumer rights.
- Given that there are no cases won by Associates Infra Developers that are documented in the provided data, potential buyers may view this as a red flag. The lack of successful outcomes in disputes raises concerns about the builder's effectiveness in defending their interests.
Conclusion
The overall assessment of Associates Infra Developers Private Ltd highlights significant concerns regarding their legal compliance and customer relations. The single complaint marks a noteworthy issue that could deter potential buyers, especially those cautious about legal risks. The fact that they have faced a penalty underscores the necessity for vigilance when considering this builder.
Tips for Potential Buyers
- Conduct Thorough Research: Before purchasing property, delve into the builder’s history, customer feedback, and legal standings. A builder with a clean legal slate generally reflects better business practices.
- Request Documentation: Ensure you receive all necessary certifications and approvals for the project, especially for projects under the Real Estate (Regulation & Development) Act.
- Consult Professionals: Consider hiring a real estate lawyer to review contracts and clarify any legal matters related to the purchase.
- Understand the Market: Having insight into the local market in Odisha can give you added leverage and understanding of the builder’s reputation.
General Tips for Selecting a Builder
- Check Project Timelines: Investigate the builder's history regarding project completion timelines. Timely delivery of projects is a strong indicator of efficiency.
- Read Reviews: Look for reviews from previous buyers. First-hand experiences can provide valuable insights into what to expect.
- Evaluate Customer Support: Consider how responsive and supportive the builder is in addressing buyer inquiries and concerns.
- Inspect Previous Projects: If possible, visit the builder’s previous projects to get an idea of their work quality.
In conclusion, while Associates Infra Developers Private Ltd operates in a niche market within Odisha, potential buyers should tread carefully and conduct comprehensive due diligence before making any commitments.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Associates Infra Developers Private Ltd, where the builder lost, reveals several key themes across their legal disputes.
The cases highlight ongoing issues primarily revolving around three critical themes: non-compliance with the Real Estate (Regulation & Development) Act, 2016 (RERA), penalties incurred due to project delays, and disputes over the validity of project completion certificates obtained by the builder.
In the instance of RERA non-compliance, the builder was held liable to pay a significant penalty of Rs. 10,00,000/- despite their claim of having completed the project prior to the enactment of the RERA. This demonstrates a troubling pattern where builders may not fully acknowledge or adhere to regulatory changes, leading to legal ramifications post-facto.
The reason individuals commonly bring cases against this builder appears to stem from a combination of factors, notably the builder’s failure to secure proper clearance under the RERA and potential misrepresentations regarding project timelines and completion statuses. As RERA aims to protect the interests of homebuyers, non-compliance not only incurs penalties but also undermines buyer trust.
The builder’s losses in these cases can be attributed to several factors, most notably their inability to fulfill regulatory requirements. The RERA imposes clear obligations on builders, including registration and adherence to agreed timelines. In this case, the builder’s defense—that they had completed the project before RERA's implementation—did not stand, indicating a lack of understanding of the transitional implications of the legislation or willful non-compliance.
Overall, these legal challenges reflect broader trends in the real estate sector where builders often find themselves at odds with regulatory requirements. Buyers should take note of these patterns when evaluating potential builders, ensuring they do not invest in properties linked to builders with a history of legal disputes and non-compliance, as this could lead to delayed possession or financial loss.