| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the ever-evolving real estate market, the choice of a builder can significantly impact your investment. This blog delves into the performance of Riddhi Holdings, a builder based in Gujarat, analyzing their legal track record and offering insights for potential homebuyers.
Overview of Riddhi Holdings
Riddhi Holdings operates primarily in Gujarat and has a modest record concerning client complaints. With a total of 1 complaint lodged against them, the builder has successfully resolved this complaint, winning the sole case it was involved in. This track record is crucial for potential buyers to consider as it reflects the builder's reliability in the market.
Legal Case Analysis
Riddhi Holdings has one notable legal case which they filed and won. The case revolved around a fine imposed for violations of the Real Estate (Regulation and Development) Act (RERA). Here's a brief summary:
- Appellant Claim: The appellant contested a significant fine of Rs. …
Cases Won by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed by the builder, which it won, revealed the following information. The disputes generally grouped into three main themes: regulatory compliance disputes, contention over imposed fines, and project registration issues. Each theme represents a common area of contention that reflects the complexities of the real estate market.
In terms of regulatory compliance disputes, these often involve claims about adherence to the Real Estate (Regulation and Development) Act (RERA) provisions. Builders like Riddhi Holdings often find themselves in situations where their project registration status and the displaying of necessary registration numbers are questioned by other parties. These cases exemplify how essential clear regulatory guidelines are in distinguishing between legitimate compliance issues and unjustified charges.
Similarly, the contention over imposed fines indicates scenarios where builders are challenged about financial penalties that they deem excessive. The fine of Rs. 1,25,000 imposed initially and later reduced to Rs. 15,25,000 …
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