| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding Ratnakar Realty: A Close Look at Complaints and Performance
Introduction
When navigating the real estate market, potential buyers often seek transparency and assurance from builders. In this blog post, we delve into the case history of Ratnakar Realty, a builder that operates primarily in Gujarat. With limited information available about their performance, we analyze their track record of complaints and legal cases to provide insights for prospective homebuyers.
Overview of Complaints Against Ratnakar Realty
Ratnakar Realty has received one recorded complaint, which is noteworthy given the competitive nature of the real estate industry. The gravity of this single complaint lies in its legal ramifications; the builder did not fare well in the case they faced.
Legal Case Details
The legal case involving Ratnakar Realty revolved around their failure to submit the final report of their project, 'Ratnakar Racecom,' on the RERA (Real Estate Regulatory Authority) web portal within …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Ratnakar Realty that the builder lost reveals several key themes across the disputes. The cases highlight ongoing issues in three primary areas: regulatory compliance, delay in project reporting, and the ensuing penalties for non-compliance.
The first theme, regulatory compliance issues, encompasses the builder's failure to adhere to the required legal and regulatory standards, particularly in relation to the Real Estate Regulatory Authority (RERA). The case in point involves Ratnakar Realty's failure to submit the final project report for 'Ratnakar Racecom' on the RERA web portal within the stipulated time, leading to a penalty of Rs. 55,000. This incident illustrates a pattern of non-compliance that could signal broader issues in the builder's operational practices.
Delays in project reporting constitute another significant theme. This not only incurs penalties, as seen in the case above, but can also lead to dissatisfaction among potential buyers who …
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