NEELKANTH DEVELOPERS

Introduction

In the ever-evolving real estate market, potential buyers often seek reliable builders with a positive track record. NEELKANTH DEVELOPERS, operating primarily in Rajasthan and Gujarat, is a key player in the region. This blog post will delve into the builder's legal history, highlighting both complaints and outcomes, providing insights for potential buyers considering their investment.

Overview of NEELKANTH DEVELOPERS

NEELKANTH DEVELOPERS has received a total of three complaints, out of which two cases have been won. However, the builder has also lost one case, raising concerns among potential buyers regarding their reputation and reliability.

Legal Case Details

Cases the Builder Has Lost

1. Case of Oversight on Quarterly Reports:
   - Appellant Claim: The promoter attributed their failure to submit quarterly reports to an oversight.
   - Respondent Claim: The authority argued that the builder failed to submit these reports despite prior notifications via email.
   - Final Verdict: …

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The analysis of the cases filed by the builder NEELKANTH DEVELOPERS, which it ultimately lost, reveals significant insights into their operational challenges and disputes.

One key theme identified from the cases is Non-compliance with Regulatory Requirements. This encompasses situations where the builder has failed to adhere to various legal obligations, particularly in terms of submitting necessary documentation. A prominent example here is the failure to submit quarterly reports, which led to penalties imposed by the authority.

Another important theme is Disputes Regarding Quarterly Reporting, which illustrates the builder's inability to maintain adequate compliance in their communications and submissions. The builder’s claim of oversight in not submitting the reports was dismissed, as the authority presented evidence of prior notifications via email about these obligations.

The theme of Penalties for Project Delays also emerges as a recurrent issue. Builders often find themselves contesting imposed penalties, highlighting a perceived contention over …

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An analysis of the cases filed against the builder, NEELKANTH DEVELOPERS, which the builder won, revealed the following information. The disputes primarily centered around project registration and regulatory compliance. In the cases reviewed, the opposing parties claimed that the project was not registered with the appropriate authority, which often raises concerns regarding the legitimacy and oversight of real estate developments. However, NEELKANTH DEVELOPERS successfully demonstrated that there were settlement agreements reached between the parties involved, leading to the disposition of cases as settled, indicating a resolution outside of a lengthy litigation process.

The common reasons for these cases being brought to court appear to revolve around disagreements over the project’s adherence to registration requirements, suggesting a pattern where buyers or regulators sought recourse against the builder assuming that they had grounds for a legal claim regarding compliance issues. Claims often stemmed from misunderstandings or knowledge gaps about the regulatory …

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