| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Understanding Satyam Properties: A Review of Legal Challenges and Insights for Buyers
Satyam Properties, operating exclusively in Rajasthan, stands as a significant player in the real estate sector. However, with 75 complaints lodged against them, coupled with the results of their legal battles, potential buyers may find it essential to delve deeper into the builder's reputation and legal standing before making any investments. In this blog, we will dissect the builder's legal history, analyze patterns in their cases, and provide guidance for future buyers.
Legal Case Overview
Satyam Properties has faced a total of 75 legal complaints, splitting their outcomes into 39 cases lost and 36 cases won. This legal trajectory offers valuable insight into their operational practices and adherence to regulatory standards.
Patterns in Cases Lost
In the cases where Satyam Properties lost, a recurring theme emerged, primarily centered around their failure to submit Quarterly Progress Reports (QPRs) as …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
Analysis of the cases filed against Satyam Properties, where the builder lost, revealed significant insights into their dealings with regulatory authorities and project management practices. The cases primarily revolve around a few common themes, highlighting persistent issues in the builder's operations.
The predominant theme among the cases is the builder's Failure to Submit Quarterly Progress Reports (QPRs) on time. This reflects a broader pattern of non-compliance with the Real Estate (Regulation and Development) Act, 2016, and the Rajasthan Real Estate (Regulation and Development) Rules, 2017. The QPRs are crucial for maintaining transparency and ensuring that projects progress as planned. However, in case after case, Satyam Properties was found to have either not submitted these reports or faced challenges due to technical issues that hindered their submission.
Non-Compliance with RERA Regulations is another significant theme. Besides the failure to submit QPRs, the builder's actions consistently demonstrated a lack of adherence to …
Individual case details available for subscribers.
Cases Won by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
An analysis of the cases filed against the builder, which the builder won, revealed that a significant number of disputes centered around non-compliance with mandatory reporting requirements, most notably the submission of Quarterly Progress Reports (QPRs) as mandated by the Real Estate Regulatory Authority (RERA).
The cases filed against Satyam Properties can be grouped under common themes such as:
- Non-compliance with Reporting Requirements: Many appellants claimed that Satyam Properties failed to submit the required QPRs. The builder consistently defended these claims, indicating either they had submitted the reports or technical issues were to blame.
- Disputes over Submission of QPRs: A recurring theme across the summaries is the allegations that QPRs were not adequately submitted, leading to penalties and, in some cases, potential revocation of registration. This indicates a possible misunderstanding about the submission process.
- Penalties for Delays in Compliance: Many disputes were around the penalties imposed for delays or non-submission …
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