| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the vast landscape of real estate in India, potential buyers often seek out builders with a strong reputation for quality and reliability. One such builder is SHAKTI ASSOCIATES, operating primarily in Gujarat. This blog post takes a closer look at SHAKTI ASSOCIATES, its legal standing, and what this means for potential buyers.
Legal Overview of SHAKTI ASSOCIATES
SHAKTI ASSOCIATES has faced various legal challenges, with a total of 1 complaint lodged against them. In this case, the builder lost, resulting in a penalty for not submitting final reports on the completion of their projects. This paints a concerning picture regarding their compliance and accountability, aspects crucial to any buyer's confidence.
Legal Breakdown:- Total Complaints: 1
- Cases Won: 0
- Cases Lost: 1
- States with Projects: Gujarat
Analysis of Legal Performance
1. Cases Won:- Summary: The builder has not won any cases against them, marking a critical point in assessing their legal credibility.
- The single case against SHAKTI ASSOCIATES resulted in a judgment that ordered the builders to pay penalties for failing to submit necessary documentation regarding their projects. This highlights a significant area of concern for potential buyers, as it indicates issues with project management and transparency.
Patterns and Common Factors
Based on the data provided:
- Common Factors in Lost Cases: The primary issue in the legal complaint pertains to a lack of compliance with required reporting standards. This suggests that SHAKTI ASSOCIATES may struggle with adherence to industry standards, which could indicate potential future issues in project delivery and completion.
- Common Factors in Won Cases: Not applicable, as there are no cases won by SHAKTI ASSOCIATES.
Conclusion
SHAKTI ASSOCIATES reflects a builder with potential concerns regarding legal compliance. The single complaint that resulted in a loss is an important factor for prospective buyers to consider. For those looking to invest in a property from this builder, caution is advised.
Tips for Potential Buyers Considering SHAKTI ASSOCIATES
- Research Thoroughly: Investigate the builder's reputation; seek out reviews from other buyers if available.
- Request Documentation: Ensure that the builder provides clear documentation and timelines for project completion and any regulatory compliance.
- Consult Experts: Enlist the advice of legal or real estate professionals before finalizing any deals with SHAKTI ASSOCIATES.
General Tips for Buyers When Selecting Any Builder
- Check Legal History: Look into any past complaints or legal cases against the builder.
- Visit Completed Projects: If possible, visit other completed projects by the builder to assess quality and finish.
- Understand Payment Plans: Ensure you fully understand the payment schedule and what it entails before making a commitment.
- Look for Transparency: Choose builders who are transparent about their processes, timelines, and any potential challenges.
In conclusion, while SHAKTI ASSOCIATES operates within a crucial market segment in Gujarat, the single lost case may warrant caution for buyers. Engaging in thorough research and due diligence remains essential in the home buying process.
No builder reviews yet. Be the first to share your thoughts!
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 Shakti Associates, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into penalties for project delays, non-compliance with municipal orders, and disputes over project completion reporting.
The first type of case involves penalties imposed on the builder for failing to complete projects on time. In these instances, the promoters were ordered to pay penalties as a direct result of their inability to meet the expected timelines, highlighting a consistent pattern where delays led to legal consequences.
Another recurring theme is related to the builder's non-compliance with municipal orders and regulations. While specific details of the claims and defenses in this area remain vague, it is important to note that any builder's failure to adhere to established regulatory frameworks typically results in legal action, emphasizing the importance of compliance in the real estate sector.
The disputes over project completion reporting reflect a broader issue often seen in real estate, where the lack of transparency or inadequate documentation regarding project timelines and completions can lead to litigation. In the case of Shakti Associates, the failure to submit final reports on project completions resulted in legal penalties, illustrating the significance of maintaining thorough records in real estate ventures.
Common triggers for Shakti Associates' litigation include the aforementioned delays, non-compliance, and reporting issues. The builder’s cases often revolved around these central complaints, indicating systemic issues within their operational practices. The reasons for the builder's losses in these cases likely stem from insufficient evidence provided during the legal process, failure to meet regulatory requirements, and a lack of compliance with interim directions from authorities. These patterns suggest that Shakti Associates may have faced challenges related to project management and adherence to legal standards, ultimately leading to the legal outcomes observed.