BUILD ART DEVELOPERS LLP

Overview of Build Art Developers LLP

Build Art Developers LLP is a construction entity operating primarily in the state of Gujarat. With a considerable focus on delivering residential and commercial projects, this builder has recently faced scrutiny regarding their business practices, evidenced by a track record that includes one legal complaint.

Complaint Review

With only one recorded complaint, it may appear that Build Art Developers LLP has a relatively manageable issue at hand. However, this single complaint is particularly telling as it resulted in a court ruling against the builder:

1. Case Summary: The promoter contended that they had complied with all legal obligations by submitting the annual audit report in a timely manner. In contrast, the authority asserted that this report was not submitted as required. Ultimately, the ruling was unfavorable for Build Art Developers, leading to a fine of Rs. 40,000 and a directive to submit the necessary audit report within 10 days.

This outcome suggests a potential gap in corporate compliance and highlights the importance of adhering to legal obligations in the real estate sector.

Patterns in Legal Cases

Cases Lost

• The only case up to this point has shown a clear pattern of issues related to documentation and compliance with regulatory requirements. This suggests that potential oversight in record-keeping or misunderstanding regulations could be a significant factor leading to legal losses. It underscores the necessity for thorough internal checks and balances to avoid such pitfalls in the future.

Cases Won

• Notably, Build Art Developers LLP has not won any legal cases to date, emphasizing a concerning track record in dispute resolution. This could pose risks for potential investors and buyers who may want reassurance of the builder's reliability and legal competency.

Conclusion and Buyer Considerations

Based on the provided data, the current assessment of Build Art Developers LLP indicates a builder facing legal challenges tied to compliance and documentation issues, which could reflect on their operational efficiency. For potential buyers, this can raise red flags about the builder's reliability and the overall quality of service.

Tips for Potential Buyers:

1. Research Thoroughly: Before entering into any agreement with Build Art Developers LLP or similar builders, conduct comprehensive research, including any past legal issues.
2. Review Documentation: Ensure that all necessary documents are provided promptly and accurately. This includes contracts and audit reports.
3. Seek Legal Advice: Consider consulting with a legal expert to understand the implications of purchasing property from a builder with a history of disputes.
4. Talk to Past Customers: Hearing from previous clients can provide insight into the builder’s performance and reliability.
5. Inspect the Projects: If possible, visit previous projects completed by Build Art Developers LLP to assess their quality closely.

General Tips for Selecting Any Builder:

• Check Credentials: Validate the builder's registration, affiliations, and any necessary licenses.
• Review Track Record: Look for builders with a strong history of successful project completions and satisfied customers.
• Understand Financing and Warranty Terms: Evaluate all financial aspects, ensuring clarity in payment structures and warranty policies.

In summary, while Build Art Developers LLP operates within a specific region and has a limited legal history, buyers should exercise caution and conduct utmost diligence to ensure their investments are secure.

The analysis of the cases filed by the builder Build Art Developers LLP, which it lost, revealed important insights into the nature of disputes and recurring issues faced by the builder.

The primary theme that emerged was Regulatory Non-compliance, particularly surrounding the submission of necessary audit reports. In this case, the builder attempted to contest the authority's claim regarding the late submission of the annual audit report, emphasizing that they had adhered to the prescribed time limits. This illustrates a pattern where builders often find themselves in disputes over compliance with mandated regulations.

Additionally, cases related to Disputes over Audit Reporting were prevalent, especially when builders are accused of failing to provide substantive documentation in a timely manner. Such disputes suggest a critical need for builders to ensure that all requisite reports are not only filed but are also compliant with the regulatory expectations to avoid penalties and legal disputes.

The builder primarily brought cases to court to contest penalties and defend their position against claims of non-compliance. Disagreements often arise from miscommunications or misunderstandings surrounding regulatory requirements, leading to litigation as builders seek to validate their actions. A key pattern observed is that builders do not always anticipate the consequences of not meeting regulatory standards, often resulting in court involvement to overturn penalties imposed by authorities.

However, the common reasons for the builder's losses in these instances were rooted in factors such as insufficient evidence, failure to adhere to compliance directives, or misinterpretations of submission deadlines. The verdicts often reveal that the courts found the builder’s claims unsubstantiated due to a lack of adequate documentation or procedural missteps. These themes and patterns highlight the critical importance of strict adherence to regulatory standards and meticulous documentation practices for builders in the real estate sector.