| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-evolving real estate landscape, choosing a reliable builder can be a daunting task for potential homeowners. One builder on the radar is BIVAB DEVELOPERS Private Limited, which operates in the Indian state of Odisha. This blog delves into their performance, examining any legal challenges and offering insights for prospective buyers.
Overview of BIVAB DEVELOPERS Private Limited
BIVAB DEVELOPERS Private Limited, though relatively low-profile with only one recorded complaint, faces scrutiny due to a significant legal outcome. With the state of operations limited to Odisha, a deep examination of their activities is essential for anyone considering an investment in their projects.
Legal Record
According to available data, BIVAB DEVELOPERS Private Limited has been involved in a single legal complaint:
- Number of Complaints: 1
- Cases Won: 0
- Cases Lost: 1
Details of the Case
The sole case filed against the builder stemmed from the respondent's failure to submit a Quarterly Progress Report (QPR) on time, citing the illness of their Chartered Accountant as the reason. The authority's final verdict imposed a penalty of Rs. 10,000 and mandated the respondent to submit all required QPRs by a specified deadline. This outcome indicates a lack of favor for the builder in this particular instance, raising questions about their operational practices and adherence to regulatory requirements.
Analysis of Case Patterns
Cases Lost
The single loss reflects a failure to adhere to procedural timelines, suggesting potential organizational weaknesses or mismanagement of responsibilities. Such lapses could raise concerns regarding the builder's ability to manage projects efficiently, particularly in timely reporting and compliance with authority regulations.
Cases Won
Interestingly, despite being involved in one case where the builder's response was inadequately timed, no cases have been won in their favor. This pattern especially highlights a potential challenge for BIVAB DEVELOPERS Private Limited, indicating that their standing in a legal context is somewhat tenuous.
Conclusion
BIVAB DEVELOPERS Private Limited presents a mixed picture for potential buyers. The absence of successful case outcomes raises questions about their operational reliability and commitment to compliance. Given that the builder has lost the only recorded case, prospective homeowners should proceed with caution.
Tips for Potential Buyers
- Conduct Thorough Research: Investigate reviews, legal standings, and the builder's past projects. Look for any patterns of complaints or legal issues.
- Seek References: Talk to past clients who have worked with BIVAB DEVELOPERS Private Limited to get firsthand accounts of their experience.
- Inspect Projects: Visit current and completed projects to assess quality and adherence to timelines and commitments.
- Evaluate Documentation: Ensure that all necessary documents are complete and up to date before making a purchase decision. This includes regulatory approvals and quality reports.
General Tips for Selecting a Builder
- Check Credentials: Verify the builder’s licenses, registrations, and reputation in the industry.
- Review Legal History: Look into any ongoing or past disputes that could indicate future risks.
- Assess Financial Health: A builder’s financial stability can be crucial in ensuring project completion without hitches.
- Transparency is Key: A reliable builder should be clear and forthright about project details, timelines, and costs.
In summary, while BIVAB DEVELOPERS Private Limited operates in a vibrant real estate market, their legal standing requires potential homeowners to be diligent and informed 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 BIVAB DEVELOPERS Private Limited, which it lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory compliance issues and delay-related disputes.
In terms of regulatory compliance, the builder faced penalties for failing to submit required documentation on time. For instance, in one case, the builder was imposed a penalty of Rs. 10,000 for late submission of the Quarterly Progress Report (QPR). The builder defended this action by citing illness of their Chartered Accountant, which highlights the challenges builders may face in maintaining compliance due to unforeseen circumstances. However, the underlying issue here is the builder's failure to adhere to established deadlines, which demonstrates a pattern of non-compliance with municipal orders and regulations.
Delay-related disputes seem to be another common theme in the builder's cases. While the specifics provided in the summaries focus more on the regulatory aspects of delays (such as late submissions of reports), it is important to note that delays in projects often precipitate disputes involving multiple parties, including buyers and contractors. In the case of BIVAB DEVELOPERS, we see that the builder attributed delays to external factors beyond their control, like the illness of a key staff member. This shows a pattern where builders often contest delay-related penalties by seeking to justify the causes of delays and attribute them to other parties or circumstances.
The reasons people commonly bring cases against this builder appear to revolve around the builder’s failure to meet regulatory requirements and project timelines. Buyers may dispute delays in possession of properties, while regulatory authorities may impose penalties for non-compliance, as seen in the cases above.
The builder's losses in these cases primarily stem from insufficient justification for their actions. While they may have faced legitimate challenges, such as illness of a staff member, the non-compliance with critical regulatory deadlines was not adequately defended. This highlights the importance for builders to ensure they have robust systems in place to maintain compliance, even in the face of unforeseen disruptions.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| Suo Motu Complaint … | Odisha | The ORERA authority initiated a suo motu case aga… | ["Non-filing of QPR… | {"appellant_claim": "", "respondent_claim": "The … | BIVAB DEVELOPERS Pr… | https://rera.odisha.gov.in/wp-content/uploads/2024/06/379-of-24.pdf |