| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
In the realm of real estate, the reputation of a builder plays a critical role in determining buyer confidence and investment safety. This post takes a closer look at Samriddhi Construction, a builder operating in Chhattisgarh, examining their legal track record and providing insights for potential buyers.
Builder Overview
Samriddhi Construction has encountered a total of one complaint concerning their project management. Notably, they have not won any legal cases (0 cases won) and have lost that one case (1 case lost). This paints a cautious picture for potential clients considering engaging in business with them.Legal Case Details
The only legal case against Samriddhi Construction was filed by the Chhattisgarh RERA (Real Estate Regulatory Authority), which alleged that the builder failed to update the quarterly progress of the project on the RERA web portal and neglected to submit the annual audit reports as required by law. In …Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Samriddhi Construction, where the builder lost, reveals several key themes across the disputes. The cases primarily revolve around two critical issues: non-compliance with the provisions set by the Chhattisgarh Real Estate Regulatory Authority (RERA) and the failure to submit mandatory reports as required by the regulatory framework.
The first theme, non-compliance with RERA provisions, encompasses a range of violations, including the failure to update project statuses on the RERA web portal. This transparency is crucial for informing buyers of their project's progress and any potential delays or issues. By not adhering to these requirements, Samriddhi Construction created a lack of visibility that likely caused concern among its buyers.
The second theme involves the builder's failure to submit annual audit reports, which are essential for ensuring compliance with financial and operational aspects of the RERA regulations. These reports serve to reassure buyers that their investments …
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