| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the landscape of real estate development, buyers aspire to find trustworthy builders who honor their commitments and deliver quality projects on time. Krishna Developers, a builder operating in the states of Gujarat and Maharashtra, presents a case worth examining, particularly regarding their legal standing and customer satisfaction.
Legal Standing of Krishna Developers
Krishna Developers currently faces six complaints, all of which have not favored the builder, leading to a total loss of six cases. The nature of complaints against them revolves primarily around regulatory compliance, particularly in relation to the Real Estate (Regulation and Development) Act of 2016. The consistent loss in legal battles raises concerns about the builder’s credibility and operational transparency.
Summary of Legal Cases
In the complaints filed against Krishna Developers, the verdicts depict a pattern where they have repeatedly failed to comply with statutory requirements. Here are the key details:
- Non-Submission of Audit Reports: The Gujarat Real Estate Regulatory Authority held Krishna Developers accountable for not submitting the annual audit report for the project 'Setu Heights' on time, resulting in a Rs. 40,000 fine.
- Violations of Advertisement Regulations: The builder faced multiple sanctions for not including their RERA registration number and website in the project advertisements. These cases resulted in fines of Rs. 1,25,000 and Rs. 10,000.
- Withdrawal of Complaints: Some cases were marked as withdrawn, indicating that not all issues may have not reached a verdict due to incompletion or resolution outside the court.
- Delay Condonation: In other instances, delays in project timelines have been acknowledged, with clarifications that costs would be incurred for condoning such delays. In two separate cases, the builder agreed to condone delays upon payment of Rs. 1,500 in costs.
Patterns in Legal Challenges
Common Factors in Lost Cases
- Regulatory Non-compliance: The majority of cases against Krishna Developers revolve around failing to adhere to the RERA guidelines, highlighting a critical gap in their operational practices regarding mandatory disclosures.
- Operational Delays: The repeated instances of seeking condonation for delays suggest not only a pattern of late project completions but also issues in project management and execution.
Common Factors in Won Cases
Though Krishna Developers lost all their cases, their defenses show a tendency to attribute issues to unforeseen circumstances or regulatory oversight rather than outright negligence. The lack of wins, however, could be indicative of a defensive strategy that has not yielded favorable outcomes.
Conclusion
Based on the provided data, Krishna Developers appears to be a builder with considerable legal challenges, notably failing to win any of the six cases brought against them. Their track record of losses underscores potential risks for buyers considering investing in their projects.
Tips for Potential Buyers
- Thorough Research: Prospective buyers should conduct diligent research into Krishna Developers’ projects, including timelines, reviews, and any outstanding legal matters before committing.
- Seek Transparency: It's advisable to ask for complete documentation on project approvals, RERA compliance, and any possible penalties the builder has faced.
- Evaluate Financial Status: Assess the builder’s financial position and their ability to fulfill contractual obligations without significant delays.
General Tips for Selecting Any Builder
- Check for Complaints: Look into the builder’s history regarding customer complaints and legal disputes.
- Verify Credentials: Ensure that the builder is registered with relevant regulatory authorities and has appropriate licenses.
- Read Reviews: Examine past client reviews and testimonials to gauge the quality and reliability of the builder's services.
In summary, while buying a property is a significant investment, it is essential to partner with a builder who demonstrates reliability and transparency. Krishna Developers’ legal history warrants caution, and thorough due diligence is imperative for potential buyers.
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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 Krishna Developers, where the builder lost, revealed several key themes across the various disputes. The cases can be broadly categorized into regulatory compliance issues, delays in project completion, and failures to submit mandatory reports.
The regulatory compliance issues arose primarily from the builder's advertisements for their projects. In multiple instances, Krishna Developers was fined for not mentioning the RERA registration number and website in their advertisements, as required by Section 11(2) of the Real Estate (Regulation and Development) Act, 2016. These violations highlight a pattern of negligence regarding legal obligations in marketing practices.
Delays in project completion was another recurring theme. Although the specifics of the delays were not uniformly provided across the cases, it is notable that the builder faced scrutiny over timelines and was required to seek condonation of delays on more than one occasion. The reasons provided for these delays were varied and often attributed to unforeseen circumstances, which indicates a lack of robust project management practices to mitigate risks effectively.
The failure to submit mandatory reports also led to legal consequences for Krishna Developers. In one case, the builder was fined for not submitting an annual audit report for the project 'Setu Heights' within the prescribed time limit. This reflects a broader issue of non-compliance with regulatory requirements that govern transparency and accountability in real estate projects.
Common triggers for litigation in these cases primarily revolved around regulatory non-compliance and project delays. The builders’ losses in these cases often stemmed from insufficient evidence to justify their actions, failure to comply with clear regulatory requirements, and a general lack of diligence in their operations.
Overall, this analysis underscores the importance of vigilant compliance with legal standards and timely project management practices in the real estate sector. Buyers should take these patterns into account when considering a builder's credibility and reliability.
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 |
|---|---|---|---|---|---|---|---|
| CMP/Ahmedabad/22121… | Gujarat | The complaint was withdrawn by the complainant, a… | ["Withdrawal of com… | {"appellant_claim": "Not provided", "respondent_c… | Hiren Ashok Ghumnai | Krishna Developers | https://drive.google.com/uc?id=1kwyF5O_6Z3BWWXI-L_bdEprrfqBRAZ9j |
| GJ/CMP/SM/Ahmedabad… | Gujarat | The Gujarat Real Estate Regulatory Authority fine… | ["Violation of RERA… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Krishna Developers | https://drive.google.com/uc?id=1fcl5HktlgfXaTNn4KRXplW3iD0JeoqWC |
| Gi/CMP/NCAR/Junagad… | Gujarat | The Gujarat Real Estate Regulatory Authority impo… | ["Non-submission of… | {"appellant_claim": "The Gujarat Real Estate Regu… | Gujarat Real Estate… | Krishna Developers | https://drive.google.com/uc?id=1XIM3EaAHgKu2yEvSzrm64N-vuCOcQl8X |