| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-evolving real estate market, potential buyers often seek builders with a solid track record. In this blog, we will explore KESHAV REALTY, a builder operating primarily in Gujarat. We will delve into their legal history, the nature of complaints against them, and what this means for prospective buyers.
Company Overview
KESHAV REALTY currently operates in Gujarat, with a focus on providing residential projects. While their aim to deliver quality housing is notable, the company has faced some scrutiny in the form of legal complaints.Legal Case Details
KESHAV REALTY has encountered one significant legal case:- Complaint Summary: The builder was accused of selling flats in the 'Valam Greens' project without proper RERA registration, which is a violation of the provisions stipulated by the Real Estate (Regulation and Development) Act (RERA). While the builder claimed ignorance of this law, the consequences were severe. The authority imposed a penalty of Rs. 3,50,000 on them, marking their sole legal defeat.
Analysis of Legal Cases
Patterns in Cases Lost
Considering the case that KESHAV REALTY lost, we observe a few common factors:
- Lack of Compliance: The primary issue revolved around the violation of RERA regulations, highlighting a potential pattern of negligence in securing necessary approvals before engaging in sales.
- Ignorance of Law: The builder's defense centered on an alleged lack of awareness regarding legal requirements, which may indicate a broader trend of inadequate attention to regulatory compliance within their operations.
Patterns in Cases Won
Notably, KESHAV REALTY has not won any legal cases against them, indicating a concerning trend in their handling of compliance matters. Until they can improve their legal standing or resolve complaints favorably, potential buyers may find their credibility in question.
Conclusion
In conclusion, while KESHAV REALTY represents an option for real estate investment in Gujarat, potential buyers should proceed with caution. The single legal complaint against them resulted in a loss and a significant financial penalty, raising red flags surrounding their compliance with regulations. Buyers may want to thoroughly investigate their projects and legal standing before making a commitment.
Tips for Potential Buyers
- Research Thoroughly: Look into the builder’s past projects, any legal issues, and their reputation in the market.
- Demand Transparency: Always ask for documentary evidence regarding project approvals and registrations to ensure compliance with RERA.
- Seek Professional Advice: Consulting with a legal expert can provide clarity and protect you from potential pitfalls.
General Buying Tips
When selecting a builder, consider the following general tips:
- Check Reviews and Testimonials: Words from past buyers can provide invaluable insights.
- Verify Regulatory Approvals: Ensure the builder follows all legal requirements and possesses the necessary approvals before making a purchase.
- Inspect Previous Projects: If possible, visit earlier projects to assess construction quality and timely delivery.
In summary, while investing in real estate is crucial, ensuring that the builder has a solid legal foothold is just as vital for safeguarding your investment.
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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 Keshav Realty that the builder lost revealed several key points across the board. The disputes can primarily be categorized into two main themes: non-compliance with the RERA Act and penalties incurred for violating regulatory provisions.
The cases often revolved around the builder's actions that contradicted the RERA Act, particularly concerning the sale of flats in projects before obtaining the necessary registrations. This highlights a troubling pattern where the builder appeared to be misinformed or chose to disregard regulatory requirements. The imposition of penalties in these cases demonstrates a systemic issue within the builder's operations, as the fines were not isolated incidents.
Common reasons for the litigation included the builder's decision to sell flats prematurely, which raised concerns among buyers regarding the legality and viability of their purchases. The builder's defense—that they were unaware of the law—indicates a significant knowledge gap that contributed to the disputes.
The conclusion of these cases suggests that Keshav Realty repeatedly failed to meet regulatory standards, which resulted in legal consequences. This trend should be alarming to potential buyers, as it reflects a lack of due diligence and adherence to laws designed to protect consumers in the real estate market. Overall, these cases paint a picture of a builder that has struggled with compliance, raising important questions about the reliability and integrity of their projects.
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 |
|---|---|---|---|---|---|---|---|
| 171/2018 | Gujarat | The promoter, Keshav Realty, sold flats in the 'V… | ["RERA registration… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Keshav Realty | https://drive.google.com/uc?id=13aA9x1PjQX98pvyD6yH_-BvOCdmq-Z8s |