| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-evolving real estate market, choosing the right builder is critical for prospective homeowners and investors. One such builder operating in Gujarat is K-One Infraspace LLP. In this article, we will delve into the legal performance of K-One Infraspace LLP, analyzing the outcomes of complaints and legal cases, and offering insights for potential buyers.
Legal Overview of K-One Infraspace LLP
K-One Infraspace LLP has been subject to a total of one complaint, resulting in a case loss with a penalty imposed. They have not won any cases in the legal contexts reviewed. The complaint primarily revolved around compliance with regulatory timelines related to project reporting.
Detailed Analysis of the Legal Case
The only case filed against K-One Infraspace LLP involved a claim by an appellant that the builder had failed to submit the final report on their project, 'Neptune Prime', on the RERA web portal within the required timeframe. In their defense, the builder argued that any delays were caused by their circumstances and not due to negligence. However, the outcome was not in their favor; K-One was penalized Rs. 35,000 for breaching the provisions established under the RERA Act.
Patterns in Legal Performance
Cases Lost
- Compliance Issues: The singular case lost by K-One Infraspace LLP highlights a failure to adhere to RERA report submission timelines. Such regulatory compliance is crucial for builders, as failure to comply can not only lead to penalties but also damage their reputation.
Cases Won
- No cases have been won by K-One Infraspace LLP, indicating a lack of favorable outcomes in their legal encounters. This can reflect on their operational practices, where possibly little to no proactive measures may have been in place to address potential legal challenges ahead of time.
Conclusion
Based on the information available, K-One Infraspace LLP has faced challenges in maintaining compliance with real estate regulations. With only one complaint resulting in a financial penalty and no victories in legal battles, potential buyers should exercise caution.
Tips for Potential Buyers Considering K-One Infraspace LLP
- Research Thoroughly: Investigate the builder's previous projects, reviews, and any other complaints that might be on record.
- Evaluate Regulatory Compliance: Ensure that the builder adheres to RERA regulations and meets project completion deadlines.
- Scrutinize Contracts: Pay close attention to the terms of the contract, particularly concerning timelines, payment schedules, and penalties.
- Seek Legal Advice: Consult with a real estate lawyer before making any commitments to understand your rights and responsibilities.
General Tips for Selecting Any Builder
- Check Credentials: Verify the builder's licensing, financial stability, and reputation in the market.
- Visit Past Projects: If possible, visit several completed projects by the builder to assess quality and craftsmanship firsthand.
- Consult References: Speak to past clients about their experiences to gauge reliability and customer satisfaction.
- Understand the Market: Familiarize yourself with the local real estate market to determine if the pricing and offerings are competitive.
Final Thoughts
Choosing a builder is a crucial step in the home purchasing process, and understanding their legal background is imperative. K-One Infraspace LLP's track record raises some flags, and it’s essential for interested buyers to approach with due diligence and caution.
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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 K-One Infraspace LLP, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues in the realms of regulatory compliance, timely project completion, and the imposition of penalties for non-adherence to established rules.
The first theme, Regulatory Compliance Disputes, encompasses the builder's failure to adhere to the Real Estate Regulatory Authority (RERA) Act and Rules. Specifically, the case notes how K-One Infraspace LLP did not submit the final project report for 'Neptune Prime' on the RERA web portal within the stipulated timeframe. This points to a broader pattern of non-compliance with regulatory requirements, which has significant implications for transparency and accountability in real estate projects.
The Delay in Project Completion theme is closely tied to the regulatory compliance issues. Delays often arise from mismanagement or unforeseen circumstances, and in this case, the builder attributed the late submission of the final report to their default, which they claimed was beyond their control. This highlights a common reason for disputes, where builders may contest project delay penalties by seeking to shift responsibility onto other parties.
Penalties for Non-Compliance serve as a deterrent against regulatory breaches and project delays. In the case of K-One Infraspace LLP, the builder was penalized with a fine of Rs. 35,000 for their violation of the RERA Act and Rules. This penalty indicates a systemic issue where builders may prioritize timely project completion over regulatory compliance, leading to legal consequences.
The common triggers for K-One Infraspace LLP's litigation primarily revolve around their failure to meet regulatory standards and project timelines. People bring cases to court in these situations often to contest the penalties imposed, to dispute delays attributed to other parties, or to seek clarity on project classifications and conversions. The builder's losses in these cases typically stem from insufficient evidence to support their claims of default due to circumstances beyond their control, along with a clear non-compliance with legal requirements.
Overall, these cases underscore the importance for builders to adhere to established regulations, ensure timely project completion, and fulfill their reporting obligations. Buyers should take note of these legal disputes as they represent critical factors to consider when evaluating the reliability and accountability of a builder.
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 |
|---|---|---|---|---|---|---|---|
| GJ/CMP/NCQR/Ahmedab… | Gujarat | The promoter, K-One Infraspace LLP, failed to sub… | ["Non-submission of… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | K-One Infraspace LLP | https://drive.google.com/uc?id=11RXfqI9-Sqw3w7i7Mrge7tCbFB1WUxB8 |