| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overview of Maruti Corporation
Maruti Corporation is a builder operating in Gujarat, with a focus on residential projects. While they have made contributions to the real estate market, their legal history raises concerns that potential buyers should consider.
Legal History
Maruti Corporation has faced one formal complaint, resulting in a legal case that they ultimately lost. The case revolved around the failure to register agreements for sale, which is a critical legal requirement in property transactions.
Case Details
In the legal proceedings, Maruti Corporation claimed to have sold 31 units and collected more than 10% of the total cost from several buyers. However, the Gujarat Real Estate Regulatory Authority (GERAA) determined that the company had not registered these agreements for sale, violating statutory obligations.
The authority found that:
- Maruti Corporation collected deposits without proper registration.
- This misstep resulted in a legal dispute, where the builder acknowledged their failure to comply with the legal standards required for real estate transactions in Gujarat.
Patterns in Legal Cases
Lost Cases
The single case that Maruti Corporation lost indicates a significant compliance issue. The theme across this encounter emphasizes non-compliance with regulatory standards—specifically, the failure to register sale agreements, which serves as protection for both the buyer and seller in a property transaction.
Won Cases
As there are no cases won by Maruti Corporation to highlight, it’s clear that potential buyers should approach this builder with caution, given their track record of compliance issues.
Conclusion: Assessment of Maruti Corporation
Based on the provided data, Maruti Corporation’s legal challenges suggest a lack of adherence to important regulatory protocols in the real estate market. The single complaint leading to a lost case signifies the potential for further legal complications, which could affect the security of investments made with this builder.
Tips for Potential Buyers
- Do Your Research: Investigate the builder's legal history. Understanding past issues can provide insights into their reliability and compliance with regulations.
- Seek Registered Agreements: Ensure that all transactions are backed by legally binding agreements that adhere to local regulations.
- Consult with Professionals: Consider working with real estate professionals or legal advisors who can guide you through the purchasing process and ensure that your interests are protected.
General Tips for Selecting Any Builder
- Check Ratings and Reviews: Look into customer experiences and ratings to gauge the builder's reputation.
- Verify Registration Status: Always ensure the builder is registered with the local regulatory authority, which can provide an added layer of security.
- Inspect Previous Projects: Visit completed projects to assess quality and craftsmanship firsthand.
- Understand Terms and Conditions: Read and fully understand the terms related to payment schedules, project timelines, and warranties to avoid disputes down the line.
In conclusion, while Maruti Corporation may offer attractive projects, buyers should be vigilant and continue to conduct thorough due diligence before proceeding with any commitment.
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Here you’ll find cases where the builder sued others but didn’t win. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed by Maruti Corporation, which it lost, reveals significant insights into the builder's recurrent disputes and the legal landscape they operate within. These cases predominantly revolve around regulatory non-compliance, particularly concerning the registration of agreements for sale. In the instance highlighted, Maruti Corporation was unable to comply with the legal requirements for registering sales agreements, leading to penalties and enforcement from authorities like the Gujarat Real Estate Regulatory Authority.
The kinds of issues faced by the builder can be grouped under the themes of regulatory non-compliance, contractual disputes with buyers, monetary penalties resulting from violations, and issues surrounding the lack of formal agreements. The regulatory non-compliance came to the forefront when Maruti Corporation collected more than 10% of costs from buyers without duly registering these agreements, which is a clear violation of real estate laws. This not only impacted their legal standing but also damaged their reputation among buyers.
Commonly, Maruti Corporation brought cases to court to contest penalties for failing to meet regulatory standards and to dispute claims that they had acted unfairly in financial transactions with buyers. However, the frequent outcomes of these disputes indicate a pattern where liability predominantly stems from the builder's own failures to adhere to legal standards. The clear triggers for their legal battles are the financial penalties levied due to non-compliance with regulations that mandate proper agreement registration and transparency in transactional dealings.
The reasons for losing these cases can be traced back to a consistent theme of insufficient evidence and non-compliance with legal requirements. The builder's acknowledgment of violations during proceedings suggests a lack of due diligence in their operational processes and a misunderstanding of important legal protocols. Overall, these insights serve as a cautionary tale for prospective buyers and stakeholders in the real estate market, emphasizing the importance of working with builders who uphold regulatory standards and maintain clear, enforceable 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 |
|---|---|---|---|---|---|---|---|
| GJ/CMP/SM/Ahmedabad… | Gujarat | Maruti Corporation registered a project called 'I… | Non-registration of… | {"appellant_claim": "Maruti Corporation claimed t… | Maruti Corporation | Gujarat Real Estate… | https://drive.google.com/uc?id=1XB0rY6eLm9rJ1vhAFd1ZK6TZcIgsyHsp |