| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the competitive real estate market, selecting a trustworthy builder is crucial for homeowners and investors alike. Today, we are examining Lotus Real Estate, a builder operating in Gujarat, to understand their performance, legal history, and what prospective buyers should consider.
Builder Overview
Lotus Real Estate has faced 6 complaints to date, with no cases won in their favor. All 6 cases resulted in losses for the builder, raising concerns about their compliance with regulatory norms and their accountability towards clients.Legal Case Insights
Analysis of Cases Lost
A thorough examination of the legal cases reveals a troubling pattern: Lotus Real Estate consistently failed to submit required quarterly project reports on time. The recurrent issues include:
- Non-submission of reports: The builder continually neglected to file necessary quarterly updates with the Gujarat Real Estate Regulatory Authority (Gujrera).
- Penalties imposed: The outcomes led to financial penalties imposed by the RERA …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Lotus Real Estate, where the builder lost, revealed significant insights into their dealings with regulatory authorities and project management practices. The cases highlighted a range of themes, predominantly centered around non-compliance with the Real Estate Regulatory Authority (RERA) regulations, delayed submissions of quarterly reports, and the ensuing penalties for such late filings.
One of the most notable patterns across the cases was the builder's failure to adhere to the stipulated timelines for submitting quarterly reports. In multiple instances, the builder claimed that reports were submitted on time, only to be lost due to technical issues or that they were not received by the RERA authority. However, the verdicts consistently pointed toward a lack of compliance with the established regulatory framework, leading to fines ranging from Rs. 25,000 to Rs. 50,000 per quarter.
The reasons for these disputes primarily revolved around the builder's defense of …
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