| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
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 …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
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 …
Individual case details available for subscribers.
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
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 …
Individual case details available for subscribers.
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