| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the competitive real estate market of Gujarat, Parshnath Enterprises stands as one of many players aiming to provide housing solutions. However, a closer examination reveals a few important details that potential homebuyers should consider before making a purchase. This blog post delves into the builder’s legal history, providing insights into their track record, along with tips for those contemplating buying from them.
Legal Overview
Parshnath Enterprises has recorded a notable case history characterized by one significant complaint. Notably, the builder has lost this case, drawing attention to patterns in their operational conduct. In the legal battle, the promoter alleged that the violations stemmed from ignorance, asserting there was no intention to infringe on any laws. Contrarily, the Authority determined that the builder had sold flats without registering the project with the Real Estate Regulatory Authority (RERA), thereby breaching the provisions of the law. As a result, Parshnath Enterprises …
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder Parshnath Enterprises, which it lost, reveals significant insights into the recurring themes of litigation faced by the company. One of the primary issues identified is 'Regulatory Non-compliance,' particularly relating to the Builder's failure to register projects with the Real Estate Regulatory Authority (RERA), as evidenced in a case where the promoter claimed ignorance of such requirements. However, the authority firmly found that the builder had indeed violated the law by selling flats in unregistered projects, leading to a penalty of Rs. 84,000. This highlights a trend where builders often face penalties for failing to adhere to legal statutes aimed at protecting consumer interests and maintaining standard practices in real estate.
Another theme, 'Penalties for Project Registration Violations,' showcases the regulatory landscape's serious implications for builders failing to comply with mandated standards, as reflected in the previously mentioned verdicts. Builders like …
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