| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the world of real estate, selecting a builder is a critical decision that can significantly impact your investment. Today, we delve into Ratnabhumi Buildspace, a builder based in Gujarat, analyzing their legal standing and customer feedback to help potential buyers make an informed choice.
Legal Case Overview
Ratnabhumi Buildspace has faced one documented complaint, which has culminated in one legal case. Unfortunately, the outcome was not favorable for the builder, as they lost the case while facing a penalty. Let's take a closer look at the particulars of the legal proceedings:
Case Summary
- Appellant Claim: The appellant accused Ratnabhumi Buildspace of violating Section 11(2) of the Real Estate (Regulation and Development) Act, 2016. The specific complaint centered on the builder's failure to display the RERA website in their advertisement, which is a requirement under the law.
- Respondent Claim: The builder defended themselves by arguing that the advertisement in …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Ratnabhumi Buildspace, where the builder lost, reveals several key themes across their legal disputes.
The cases against Ratnabhumi Buildspace primarily revolve around two critical themes: regulatory non-compliance and penalties for violations. In the realm of regulatory non-compliance, the builder faced legal action for failing to adhere to the Real Estate (Regulation and Development) Act, 2016, specifically for not displaying the RERA website in their advertisements as mandated by Section 11(2). This highlights a pattern where builders may underestimate the importance of compliance with advertising regulations, leading to legal consequences.
The penalties imposed on Ratnabhumi Buildspace serve as a stark reminder of the legal system's efforts to enforce transparency and accountability in the real estate sector. In this case, the builder was fined ₹1,25,000, indicating that the courts take regulatory violations seriously and will impose significant penalties to deter non-compliance.
Common reasons …
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