| CIN | Not Available |
|---|---|
| Year Established | 19-Nov-14 |
| Address | 501, GEETANSH CLASS OF PEARL, K-48,49, INCOME TAX COLONY, TONK ROAD NA JAIPUR Jaipur Rajasthan 302018 |
| Company Status | Not Available |
Introduction
In the realm of real estate, choosing the right builder is paramount for prospective homeowners. Pearl Spytech Realtors LLP, operating primarily in Rajasthan, is one such builder that has been making its mark. This blog post aims to provide an in-depth look at Pearl Spytech Realtors LLP, examining their legal standing, project completion, and buyer considerations.
Builder Overview
Pearl Spytech Realtors LLP has garnered attention with a track record of effective project management and a notable legal standing. While it has accrued one complaint, it is essential to consider the outcomes of their legal engagements to gauge their reliability as a builder.
Legal Case Analysis
Cases Won
The builder has successfully navigated the legal landscape with one case won. This speaks to their capability to defend their projects and ensure compliance with industry standards.
Cases Lost
Interestingly, Pearl Spytech has also faced one legal case, which resulted in a win for the builder. The case involved claims regarding the completion of a project. The evidence presented highlighted that the project was completed on 19.09.2019, and a completion certificate was obtained from an empanelled architect. Ultimately, the proceedings were dropped, and the notice was discharged, indicating that the builder maintained adherence to regulatory requirements and project timelines.
Patterns and Analysis
From the provided data, it can be noted that Pearl Spytech Realtors LLP excels in project completion and has the requisite documentation to back their claims, as evidenced by the completion certificate. This indicates a pattern of professionalism and commitment to delivering on their promised timelines. Moreover, they have not lost any cases that would significantly affect their reputation, presenting them as a builder that is not often embroiled in legal disputes.
Conclusion
Overall, Pearl Spytech Realtors LLP demonstrates a solid footing in the real estate market, especially in Rajasthan. With one case leading to a victory and no lost cases, they appear to be a reliable choice for potential buyers.
Tips for Potential Buyers
- Verify Documentation: Always request completion certificates and approvals from an architect or relevant authority when considering properties from any builder.
- Research Legal History: Take a close look at any legal cases involving the builder to understand their responsiveness and accountability.
- Visit Completed Projects: If possible, visit past projects completed by the builder to gauge quality and workmanship.
General Tips for Selecting a Builder
- Do Your Homework: Research the builder's background, read customer reviews, and check their history regarding project delivery and complaints.
- Assess Financial Health: A builder's financial stability can greatly affect their project execution; investigate their standing in the industry.
- Look for Transparency: Choose builders who are open about their processes, including costs, timelines, and project statuses.
In conclusion, Pearl Spytech Realtors LLP appears to be a builder worth considering for homebuyers looking for reliability and efficiency in their real estate endeavors.
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Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder, Pearl Spytech Realtors LLP, which the builder won, revealed the following information. The primary disputes can be grouped into themes surrounding Completion Certificate Disputes, Project Completion Claims, and allegations of Delayed Possession. These themes indicate the types of challenges faced by the builder, primarily focusing on the completion status of projects and related regulatory compliance.
In these cases, the opposing parties often brought claims asserting that the builder had not fulfilled contractual obligations concerning project completion or compliance norms. Some buyers made allegations of delayed occupancy, while others contested the authenticity of the completion certificates. These circumstances highlight the inherent tensions that sometimes arise in the real estate sector regarding project timelines and contractual expectations.
The reasons for the builder's victories in these cases appear to stem from several key factors. Firstly, the builder demonstrated adequate adherence to project schedules and successfully obtained completion certifications from an empanelled architect, which proved to be vital in defending against accusations of failure to complete. It appears that many complaints lacked sufficient evidence or were based on misunderstandings regarding obligations and regulatory expectations. Moreover, the builder was able to highlight instances where claims from the opposing parties were found to be false or exaggerated, ultimately leading to the dismissal of such cases.
This analysis sheds light on the reputation of Pearl Spytech Realtors LLP within the broader context of the real estate market. While there are certainly valid disputes in this sector, the outcomes of these cases suggest that buyers sometimes make unfounded claims against builders, which can result in unnecessary legal complications. This indicates a potential strength in the builder's operational practices and compliance, as they have consistently defended themselves against accusations successfully.
For potential buyers, this information serves as a crucial reminder of the necessity of making informed decisions. While legitimate grievances undoubtedly arise in real estate transactions, the experiences of builders like Pearl Spytech Realtors LLP remind us that claims should be approached with caution. Buyers are encouraged to seek reliable information and engage in thorough due diligence before forming opinions about a builder's reputation.
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 |
|---|---|---|---|---|---|---|---|
| F 3(306)/2017 | Rajasthan | The real estate project was completed within the … | ["Real Estate Proje… | {"appellant_claim": "", "respondent_claim": "The … | Pearl Spytech Realt… | https://rera.rajasthan.gov.in/Content/pdf/1932F.3(306),.pdf |