SATSUDHA INVESTMENTS PRIVATE LIMITED

An Overview of Satsudha Investments Private Limited

In the realm of real estate construction and development, making an informed choice about the builder is crucial for potential buyers. One such builder, Satsudha Investments Private Limited, operates primarily within Haryana and has recently been under scrutiny due to some legal challenges. With only one complaint against them noted, it is important to delve into the specifics to assess their reliability and credibility.

Legal Performance of Satsudha Investments

Case Analysis

Upon reviewing the legal case involving Satsudha Investments, it is evident that the builder won one case but lost another. Let's examine the details:

1. Win: The appellant claimed that Satsudha Investments failed to develop their project within the stipulated time and demanded the project be registered under the Real Estate (Regulation and Development) Act, 2016. The response from the builder indicated that the project was ongoing on the commencement date of the Act, negating the necessity for registration. Ultimately, the authority ruled that Satsudha Investments should register the project within 15 days. This outcome suggests that while the builder was deemed to not have violated the Act as per their claim, they were still mandated to comply with regulatory standards.
2. Loss: The single complaint noted against Satsudha Investments indicates that they have encountered challenges in meeting project deadlines or regulatory requirements, highlighting a potential area of concern for buyers.

Patterns in Legal Outcomes

• Cases Won: In the sole case where Satsudha Investments emerged victorious, it indicates their awareness of project regulations at the time of legal review and a demonstration of ongoing project development. However, it also illustrates the need for them to adhere to the guidelines set forth by the Real Estate (Regulation and Development) Act, which suggests that regulatory compliance is a recurring theme in their legal apprehensions.
• Cases Lost: The isolated case that was lost could indicate potential issues in project completion timelines and adherence to agreed-upon commitments. This might be a common theme in the complaints against the builder, especially about project registration and completion.

Conclusion: Assessing Satsudha Investments

Satsudha Investments Private Limited shows a mixed record in legal disputes, having lost one case which raises concerns regarding their reliability in fulfilling project timelines and satisfying regulatory obligations. For potential buyers considering investing in properties developed by this builder, it is essential to remain vigilant and ensure that detailed inquiries are conducted.

Tips for Potential Buyers

1. Verify Project Status: Before making any commitments, inquire about the development stage of the projects that Satsudha Investments has underway. Ensure that they align with timelines and promises stated in marketing materials.
2. Check Regulatory Compliance: Always ensure that any property you are interested in buying is registered under the Real Estate (Regulation and Development) Act, 2016, to protect your interests legally.
3. Look for Reviews: Given the builder's track record, peruse through reviews or testimonials from previous buyers to gauge their experiences.
4. Seek Legal Advice: If considering a purchase, consulting with a legal expert in real estate can help navigate potential pitfalls.

General Tips When Selecting Any Builder

• Research Builder’s Background: Investigate the builder’s history, case resolution, project completion rates, and overall reputation.
• Understand the Contract: Read through the terms of sale and any contracts thoroughly before signing.
• Bargain for Clarity: Ensure that all agreements cover timelines, payment schedules, and conditions for failing to meet standards set.
• Site Visits: Conduct visits to active project sites if possible, to obtain firsthand insights into the quality of work being done.

With due diligence, prospective buyers can mitigate risks when considering investment with builders like Satsudha Investments Private Limited.

Analysis of the cases filed against Satsudha Investments Private Limited, where the builder lost, revealed several key themes across the disputes. The cases primarily revolved around two main topics: delayed project registration and non-compliance with regulatory requirements.

The first theme, delayed project registration, encompasses claims made by the appellants regarding the builder's failure to develop projects within the stipulated timeframe. As seen in the provided summary, the appellant sought directions to register the project with the Real Estate (Regulation and Development) Act, 2016 (RERA), asserting that the project was not completed on time and therefore required compliance with the regulatory framework established by the Act. This highlights a pattern where individuals may bring cases to court due to frustrations related to project delays and the builder’s accountability under the law.

The second theme, non-compliance with regulatory requirements, is closely tied to the first. The builder's defense often centered around claims of ongoing work at the time of the Act's commencement and thus asserted that registration was not necessary. However, the authority ruled against the builder, mandating registration within a specified timeframe. This indicates a common reason for the builder's losses: failure to adhere to regulatory requirements and a misunderstanding of their obligations under the RERA.

The patterns emerging from these cases demonstrate that individuals typically contest the builder’s actions when they either delay project timelines or fail to comply with the necessary legal frameworks. The builder’s losses usually stem from insufficient evidence to support their claims of compliance or timely progress, along with a lack of adherence to critical regulatory guidelines. Overall, these disputes serve as a cautionary tale for buyers regarding the importance of verifying a builder's reliability and regulatory compliance before making a purchase.