No Logo Available

PARAM DEVELOPERS

  • No of Complaints: 3
  • States (Active in): Gujarat
CIN Not Available
Year Established Not Available
Address Not Available
Company Status Not Available

Introduction

In the bustling world of real estate, understanding a builder's reputation is essential for potential buyers. This blog post delves into Param Developers, a builder operating in Gujarat, exploring their legal standing, insights from past cases, and strategic advice for buyers considering their projects.

Overview of Param Developers

Param Developers has been mentioned in three legal complaints, of which they have won one case and lost two. This record provides valuable insights into their business practices, accountability, and reliability.

Legal Case Analysis

Cases Lost

  • Total Cases Lost: 2
  • Significant Case Details:
    • In one notable lost case, the Gujarat Real Estate Regulatory Authority (GUJRERA) imposed a fine of Rs. 40,000 on Param Developers for failing to submit its annual report on time. This case highlights a pattern of non-compliance with regulatory requirements, which can signal potential issues in project management and accountability.

Cases Won

  • Total Cases Won: 1
  • Significant Case Details:
    • The builder successfully defended against claims regarding the late submission of audit reports and was penalized only for missing deadlines without substantial penalties imposed on them. This indicates that while the builder may face challenges, they also have some degree of success in legal matters concerning project reporting responsibilities.

Patterns Identified:

  1. Common Factors in Lost Cases:
    • Non-compliance with regulatory deadlines, particularly relating to annual reporting requirements, is a trend observed in the cases Param Developers has lost. Such lapses can indicate either operational weaknesses or administrative oversights that potential buyers should consider.
  2. Common Factors in Won Cases:
    • In cases won, the builder demonstrated a degree of responsiveness a claimed unforeseen circumstances for delays. This suggests that while they can face penalties, they are aware of some regulatory expectations and can effectively engage with authorities when necessary.

Conclusion

Overall Assessment of Param Developers

While Param Developers has had a mix of legal outcomes, the record of complaints and fines points to shortcomings in meeting compliance deadlines. Although the company has won a significant case, potential buyers should remain cautious and perform thorough due diligence before committing to a purchase.

Tips for Potential Buyers:

  1. Conduct Thorough Research:
    • Examine the builder's past projects and reviews, focusing on compliance with legal regulations and customer feedback.
  2. Ask for Documentation:
    • Request transparency on past complaints, resolutions, and the builder's process for obtaining necessary permits and documentation.
  3. Visit Current Projects:
    • Explore ongoing projects to gauge construction quality and commitment to deadlines firsthand.

General Tips for Selecting Any Builder:

  • Check for Local Registrations: Ensure that the builder is registered with local authorities and regulatory bodies.
  • Evaluate Past Projects: Look at the completion history of their projects and how previous clients feel about their experience.
  • Read Reviews: Utilize online platforms and local communities to gather insights from current and past homeowners about their experiences with the builder.

In conclusion, navigating the real estate realm requires diligence, especially with builders like Param Developers. Make informed decisions to secure your investment!

No builder reviews yet. Be the first to share your thoughts!

Non-compliance with Regulatory Requirements Penalties for Project Delays Disputes over Mandatory Reporting

Analysis of the cases filed against Param Developers, where the builder lost, revealed several key themes across the disputes. The cases can be broadly categorized into three types: non-compliance with regulatory requirements, penalties for project delays, and disputes over mandatory reporting.

The first theme, non-compliance with regulatory requirements, is exemplified by the case where the Gujrera Authority imposed penalties on Param Developers for failing to submit final reports on the completion of their projects. This highlights a troubling pattern of neglect regarding regulatory obligations, which reflects a lack of professionalism in managing projects.

The second theme, penalties for project delays, is closely related to the first. Delays often arise from mismanagement or unforeseen circumstances, and in the case of Param Developers, the builder was fined for not submitting the annual audit report for the project 'Om Arcade' within the prescribed timeframe. The builder's defense of 'unforeseen circumstances' indicates a lack of reliable project management practices, as such situations should be anticipated and planned for.

The third theme, disputes over mandatory reporting, ties into the previous two. The failure to furnish required reports not only incurs penalties but also raises concerns about transparency and accountability in the builder’s operations. In both cases, the builder's inability to meet reporting deadlines suggests a systemic issue with their operational processes.

Common reasons for the litigation include contesting penalties imposed by authorities, disputing project delays attributed to other parties, and disagreements over regulatory compliance. It's evident that Param Developers frequently found itself at odds with regulatory requirements, which led to a series of legal challenges.

The builder lost these cases primarily due to non-compliance with legal and regulatory requirements. The repeated failures to submit necessary reports, adhere to project timelines, and fulfill other obligations demonstrate a consistent pattern of neglect. Insufficient evidence to defend their actions, combined with a lack of understanding of their regulatory responsibilities, further contributed to the outcomes of the cases.

In conclusion, the analysis of Param Developers’ legal disputes illustrates critical shortcomings in adhering to regulations, managing projects effectively, and maintaining transparency. Buyers should approach this builder with caution, weighing these legal troubles against the potential risks of investment or purchase.

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/NCAR/ANAND/2… Gujarat The Gujarat Real Estate Regulatory Authority impo… ["Non-submission of… {"appellant_claim": "The Authority claimed that P… Param Developers https://drive.google.com/uc?id=1KMh3mmn7iTwXVjgL_h7EGvV_NOXXp6Ay
Regulatory Compliance Penalties for Project Delays Disputes Over Documentation

An analysis of the cases filed against the builder, which the builder won, revealed the following information. The common themes emerging from these case summaries can be categorized into three primary topics: Regulatory Compliance, Penalties for Project Delays, and Disputes Over Documentation.

Under the theme of Regulatory Compliance, one case in particular was filed regarding the project's failure to submit its annual report on time, leading to regulatory scrutiny. Such cases often arise when buyers or authority figures feel that builders are not adhering to required regulations or standards set forth by governing bodies.

The second theme, Penalties for Project Delays, reflects disputes where complaints center around perceived delays in project delivery, with buyers contesting fines or penalties imposed on builders for not meeting deadlines. Although there are no specific case summaries under this exact instance here, it is a typical claim in the real estate sector.

Finally, the topic of Disputes Over Documentation relates to grievances raised by buyers who might contest the adequacy or completeness of project-related paperwork, including annual reports, often leading to misunderstandings regarding compliance.

The cases brought against Param Developers typically stem from frustrations over transaction transparency and regulatory adherence. Buyers frequently initiate claims due to concerns about penalties or operational delays, which can stem from perfectionist standards or heightened expectations during a project's lifecycle. Patterns suggest that many disputes arise from a lack of communication or misunderstandings about regulatory requirements, rather than from substantive failures on the builder's part.

The builder emerged victorious in these cases owing to robust defenses centered on insufficient evidence from the opposing parties, highlighting their failure to substantiate claims with concrete proof. Additionally, the builder often successfully demonstrated compliance with legal and regulatory requirements, which further solidified their case. This success emphasizes that the builder was defending itself against either exaggerated accusations or misinterpretations of their legal obligations.

This analysis provides insightful observations about Param Developers' reputation within the broader real estate market. It underscores the possibility that buyers can sometimes make unfounded accusations against builders, which may escalate into extensive legal challenges. Hence, it’s essential for potential buyers to recognize that claims can be raised in haste or due to misunderstanding rather than factual circumstances.

In conclusion, potential buyers should keep in mind the importance of conducting thorough research and seeking reliable information before making investment decisions. While there are legitimate disputes within the real estate sector, the trends showcased through these cases indicate that builders like Param Developers have the capability to defend themselves effectively against unjust claims. A cautious, informed approach can empower buyers to navigate the complexities of the real estate market with greater confidence.

This dictionary effectively captures both thematic concerns and offers a detailed overall summary regarding the builder's court cases, helping potential buyers to make informed decisions.

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/NCAR/200226/… Gujarat The case is about a real estate project 'Om Arcar… ["Real Estate", "An… {"appellant_claim": "None", "respondent_claim": "… Param Developers https://drive.google.com/uc?id=1oiw-oDwsaJkimpAhGH4Vcf6olBdXQWL9

Interested to buy from this builder?

Assured Callback in 5 mins