| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction to G.K.BUILDERS
When considering a home purchase in Rajasthan, it's essential to investigate the builders in the region. One such builder is G.K.BUILDERS. This post will delve into their track record, analyzing both their legal history and the implications for potential buyers.
Legal Overview of G.K.BUILDERS
G.K.BUILDERS has encountered 1 complaint, which resulted in a loss for the company. This single legal case provides insights into their operational integrity and the nature of their dealings.
Case Details
The case against G.K.BUILDERS involved a claim where the respondent alleged that the development cost was grossly misrepresented—from 1.2 Crore to 12 Crore. While the builder claimed that the error was unintentional, the governing authority concluded that G.K.BUILDERS had provided false information regarding the project's costs. Consequently, they faced a penalty of Rs. 2 Lakh.
Analysis of Legal Patterns
Common Factors in Lost Cases
In analyzing the situations leading to the case lost by G.K.BUILDERS, a clear pattern emerges:
- Misrepresentation of Costs: The core issue was a significant discrepancy in the claimed project cost. This indicates possible issues in transparency or honest communication with clients.
- Lack of Credibility: The ruling against the builder suggests a lack of reliability in their assurances, which can place potential buyers at risk.
Common Factors in Won Cases
G.K.BUILDERS does not have any cases won, which is notable. The absence of any legal victories raises concerns regarding their business practices and reliability.Conclusion: Overall Assessment of G.K.BUILDERS
Given the single case of complaint leading to a loss, with no successful outcomes to offset this incident, G.K.BUILDERS warrants caution. The imposition of a financial penalty suggests potential issues with compliance and ethical business practices, particularly regarding cost disclosures. As a potential buyer, this history should be a deciding factor in your home purchasing decision.
Tips for Potential Buyers
For those considering purchasing a property from G.K.BUILDERS, here are a few recommendations:
- Conduct Thorough Research: Investigate additional reviews, complaints, and testimonials about G.K.BUILDERS to build a clearer picture of their reputation.
- Seek Legal Advice: Before signing any contracts, consult with a legal professional to ensure the terms are fair and transparent.
- Ask for References: Request references from previous buyers to gain insight into their experiences.
- Review All Cost Estimates: Scrutinize any financial documents to ensure clarity on project costs and avoid misrepresentation.
General Tips for Buyers When Selecting Any Builder
- Check Licensing and Insurance: Always ensure the builder is licensed and has proper insurance coverage.
- Visit Current Projects: Look at ongoing developments or completed projects to assess quality and craftsmanship.
- Inquire About Warranty Offers: A reputable builder should provide warranties on their properties, ensuring that you are protected from potential issues.
- Understand the Timeline: Make sure you have a clear timeline for project completion and any penalties associated with delays.
By following these guidelines, you can make a more informed decision when selecting a builder and protect yourself in the property acquisition process.
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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 G.K. Builders that it lost reveals several key themes across the disputes. The cases highlight key issues such as financial misrepresentation, regulatory non-compliance, and the imposition of penalties for various infractions.
One of the most notable cases involved the builder's financial misrepresentation. The respondent claimed that the development cost for a project was 12 Crore, whereas it was initially stated as 1.2 Crore. The builder attributed this discrepancy to an unintentional mistake; however, the authority determined that the builder had falsely informed them about the project cost, leading to a penalty of Rs. 2 Lakh. This case underscores a troubling pattern of potential dishonesty in financial dealings by the builder.
While the summaries provided do not delve deeply into regulatory non-compliance or delays attributed to other parties, the financial misrepresentation case illustrates a broader trend in the builder's disputes. Commonly, people bring cases against builders when they suspect malfeasance, experience delays in possession, or encounter other breaches of trust or contract. The builder’s litigation often seems to stem from a defensive position, reacting to accusations rather than proactively addressing grievances or complying with standards.
The builder's losses in these cases primarily arise from insufficient evidence to support their claims and a lack of compliance with legal or regulatory requirements. In the instance of financial misrepresentation, the builder was found to have willfully provided false information, which directly led to the imposition of a penalty. This highlights a significant concern: when builders fail to adhere to transparency and ethical practices, it typically results in legal consequences and damage to their reputation.
Overall, these findings suggest that potential buyers should exercise caution when considering G.K. Builders for their real estate needs. It is crucial to thoroughly vet a builder's reputation, financial practices, and regulatory compliance before making any commitment. Future buyers should be wary of potential traps that may arise from financial misrepresentations or delays and should ensure that they are protected through solid legal agreements.
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 |
|---|---|---|---|---|---|---|---|
| F.16(23)/C/2020 | Rajasthan | The respondent, G.K. Builders, was found to have … | ["Project Cost Misr… | {"appellant_claim": "", "respondent_claim": "The … | G.K. Builders | https://rera.rajasthan.gov.in/Content/pdf/3740File No. F16(23).pdf |