| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the world of real estate, choosing the right builder can make or break your investment. Today, we take an in-depth look at Riddhi Buildcon, a builder operating exclusively in Gujarat. With limited legal claims against them, it's essential for potential buyers to understand their track record, including successes and setbacks.
Overview of Riddhi Buildcon
Riddhi Buildcon has been the subject of 1 complaint, leading to an unfavorable outcome. The builder lost the case, while no cases have been won in their favor. This brief legal history raises questions about their operational standards and engagement with regulatory requirements.
Legal Case Details
Summary of the Complaint
The sole complaint against Riddhi Buildcon revolved around their project, Yash Plaza. The appellant claimed that the builder failed to submit quarterly reports as mandated by the Real Estate (Regulation and Development) Act (RERA) and its associated rules. In their defense, Riddhi Buildcon expressed a lack of awareness regarding the new law and expressed regret for their oversight. However, the authority deemed their explanation insufficient, imposing a penalty of Rs. 50,000 payable by the builder personally.
Analysis
Patterns in Lost Cases
Riddhi Buildcon's performance in this case provides insight into possible operational shortcomings. The company’s loss stemmed from non-compliance with regulatory requirements, particularly related to quarterly reporting obligations. Such a lapse indicates a potential deficiency in management systems or a lack of awareness about industry regulations.
Patterns in Winning Cases
Notably, Riddhi Buildcon has not won any cases to date. This lack of victories suggests persistent challenges in adhering to contractual and regulatory frameworks, positioning them at risk when facing complaints or legal challenges.
Conclusion
Based on the provided data, Riddhi Buildcon emerges as a builder with a concerning legal history. The single complaint leading to a loss emphasizes potential issues regarding compliance with industry norms, raising red flags for potential buyers.
Tips for Potential Buyers
- Conduct Thorough Research: Always investigate a builder's track record, including complaints and legal history. In Riddhi Buildcon's case, potential issues highlighted by the loss in a legal case should prompt further inquiry.
- Engage with Existing Homeowners: Speak to current residents of projects by Riddhi Buildcon to gauge their satisfaction and experiences.
- Verify Documentation: Ensure that all necessary project documentation and reports are up to date and in compliance with regulatory standards.
- Consult Legal Advisors: Before finalizing any home purchase, consult a legal professional, particularly if there are concerns regarding compliance and legality.
General Tips for Selecting a Builder
- Review Customer Feedback: Look for reviews and testimonials from previous clients to assess their reliability.
- Evaluate Financial Stability: A builder's financial health is crucial; ensure they are capable of completing projects without encountering significant delays or financial strains.
- Inspect Completed Projects: If possible, visit completed projects to evaluate the quality of construction and finishes.
- Secure a Clear Contract: Ensure that all aspects of the home purchase are clearly laid out in a contract, covering timelines, quality standards, and penalties for non-compliance.
In summary, while Riddhi Buildcon may present attractive offerings, potential buyers should remain vigilant and cautious, using the outlined tips to safeguard their investments.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Riddhi Buildcon, where the builder lost, revealed several key themes across the disputes. The cases primarily revolved around regulatory non-compliance, penalties imposed for project delays, and violations of the Real Estate Regulatory Authority (RERA) Act and Rules.
The builders faced legal challenges due to their failure to adhere to the regulatory framework established by the RERA Act. In one notable case, Riddhi Buildcon did not submit the required quarterly reports for their project Yash Plaza, which led to a fine of Rs. 50,000. The builder's defense of being unaware of the new law did not stand, as ignorance of the law is not considered a valid defense. This highlights a pattern where builders may not be taking sufficient measures to educate themselves about their legal obligations, leading to avoidable litigation.
Common reasons for bringing cases to court included contesting penalties, disputing project delays attributed to other parties, or disagreements over land classification. However, the summary indicates that the builder’s litigation was primarily triggered by their own non-compliance rather than contentious issues raised by other parties.
The builder lost these cases chiefly due to insufficient evidence and non-compliance with legal requirements. The imposition of fines suggests that the authority found deliberate violations of the RERA Act, which further emphasizes the need for builders to take regulatory compliance seriously. Overall, these cases serve as a warning to builders about the importance of fulfilling their obligations and ensuring transparency in their operations.
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 |
|---|---|---|---|---|---|---|---|
| Suo-moto complaint … | Gujarat | The Gujarat Real Estate Regulatory Authority file… | ["Non-compliance of… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Riddhi Buildcon | https://drive.google.com/uc?id=1MW6nVkfQtaTQMOESYdH4vp8-lmlNduYE |