| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When it comes to investing in real estate, the reputation of the builder plays a crucial role in ensuring a smooth home-buying experience. In this post, we will take an in-depth look at FRIENDS DEVELOPERS, a builder based in Gujarat. We will analyze their legal standing based on complaints filed against them, their successes and failures in legal cases, and what potential buyers should consider before making a purchase.
Overview of FRIENDS DEVELOPERS
FRIENDS DEVELOPERS has a notable presence in the state of Gujarat. However, the reputation of builders is often scrutinized, especially when legal complaints are involved. According to available data, FRIENDS DEVELOPERS has received one complaint, out of which they lost the case. This raises important questions about the builder's practices and reliability in delivering quality projects.
Legal Case Details
FRIENDS DEVELOPERS faced a legal issue where the respondent (the authority) argued that the builder had obtained permission for a project on 18/06/2018. However, they failed to submit the annual audit report within the required timeframe. The verdict resulted in the authority imposing a fine of Rs. 60,000 on the builder. This case illustrates a lapse in administrative compliance from FRIENDS DEVELOPERS, contributing to their loss in this legal instance.
Analysis of Legal Cases
Lost Case Patterns
The singular case lost by FRIENDS DEVELOPERS highlights significant patterns, primarily centered around administrative compliance. The failure to submit essential documentation, such as the annual audit report, indicates a lack of diligence in managing project-related obligations. Buyers should be cautious, as such oversights can impact project delivery and overall transparency.
Won Case Patterns
FRIENDS DEVELOPERS has successfully defended themselves in one case, although specific details about the claims or the outcome were not provided. Nevertheless, the key takeaway is that winning cases may suggest some degree of compliance in their operations, but the lack of detailed information limits a comprehensive assessment of their practices.
Conclusion
FRIENDS DEVELOPERS has a mixed legal background with primarily concerning aspects due to their lost case. Their history reveals a need for improved adherence to regulatory requirements and administrative practices. Potential buyers should approach with caution, given that successful transactions also depend on reliable builder practices.
Tips for Potential Buyers
- Research Thoroughly: Look into the builder's reputation, previous projects, and any legal issues they may have faced.
- Verify Documentation: Ensure that all necessary documents, including approvals and reports, are in place before purchasing.
- Seek Testimonials: Consult current or past homeowners to gauge their experiences with the builder.
- Consider Legal Advice: Consulting legal counsel can provide clarity on the terms and conditions of the purchase agreement.
General Tips for Selecting a Builder
- Check their Track Record: Investigate how many projects they have completed and the client satisfaction levels.
- Look for Transparency: A reputable builder will provide clear information regarding project timelines, costs, and additional fees.
- Assess Financial Stability: Ensure the builder has a stable financial background to avoid future issues with project completion.
- Visit Their Projects: Whenever possible, visit completed projects to assess quality and craftsmanship.
As the home-buying journey can be complex, understanding the builder's history and practices is crucial in making an informed decision.
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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 Friends Developers, where the builder lost, reveals several key insights into their legal disputes. The cases can be broadly categorized into two themes: non-compliance with municipal orders and penalties for regulatory non-compliance.
The first type of cases involves the builder's failure to adhere to the obligations set forth by local authorities. For instance, the builder was fined for not submitting the annual audit report on time, which is a required procedure to ensure transparency and compliance in large projects. This highlights a pattern where the builder may have underestimated the importance of maintaining proper documentation and fulfilling regulatory requirements, leading to legal consequences.
The common trigger for these legal actions appears to be the builder's failure to meet deadlines and comply with established regulations, resulting in penalties imposed by the governing bodies. In the case of Friends Developers, the reason people brought cases to court was primarily to enforce compliance and comeliness with the set rules, rather than contesting penalties or disputing delays attributed to other parties.
The builder lost these cases predominantly due to their inability to meet regulatory standards. The verdicts indicate that the builder's operations were not in alignment with the necessary legal frameworks, which led to fines and directives to correct their practices. Overall, these cases serve as a warning to potential buyers about the importance of scrutinizing a builder’s compliance history and operational integrity before making a purchase.
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 |
|---|---|---|---|---|---|---|---|
| 39/2019 | Gujarat | The promoter, Friends Developers, failed to submi… | ["Non-submission of… | {"appellant_claim": "", "respondent_claim": "The … | Friends Developers | https://drive.google.com/uc?id=1b8t30SW-HSSWmK_P1Sje4VlCbV04ad73 |