| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the realm of real estate, potential buyers often find themselves in a daunting sea of choices. Among these choices is SHAKTI CONSTRUCTION, a builder that has made its mark in Gujarat but comes with its unique set of challenges and legal inquiries. This post delves into the builder's complaint history, legal battles, and what potential buyers should keep in mind when considering an investment with this entity.
Builder Overview
Name: SHAKTI CONSTRUCTION
Number of Complaints: 1
Cases Won: 0
Cases Lost: 1
States with Projects: Gujarat
Legal Case Details
Overview of Legal Challenges
SHAKTI CONSTRUCTION has been embroiled in a complaint related to their project 'Ambika Pinnacle.' The complaint emphasized the builder's failure to file a final report on project completion within the established time frame. Although the builder claimed that the project was completed on December 7, 2021, and the final report was filed on September 30, 2023, they did incur a penalty of INR 75,000 for the delay.
- Appellant Claim: The appellant asserted that SHAKTI CONSTRUCTION did not submit the project’s final report timely.
- Respondent Claim: In response, the builder maintained that they completed the project on time and filed the report as required, despite the apparent gap between the completion date and when the report was filed.
- Final Verdict: The authority ruled against the builder, imposing a penalty for the timing of the report submission.
Analysis of Complaints and Legal Results
Cases Lost
The only recorded legal case against SHAKTI CONSTRUCTION resulted in a loss for the builder. The primary pattern observed in this case points to a failure in administrative compliance, specifically concerning reporting regulations. While the construction of 'Ambika Pinnacle' was alleged to be completed on time, the builder's delay in filing the necessary documentation led to legal repercussions.
Patterns in Cases Won
It is important to note that SHAKTI CONSTRUCTION has not won any legal cases as per the available information. This highlights a potential concern regarding their operational practices and compliance with regulatory standards.
Conclusion
With just one complaint and a legal case lost, SHAKTI CONSTRUCTION's reputation is tethered to this experience. Potential buyers should approach investment with caution. While the company's project in Gujarat shows promise, the penalty they've incurred suggests a need for improved adherence to compliance and timeliness in administrative duties.
Tips for Potential Buyers
- Research Thoroughly: Beyond the existing reputation of SHAKTI CONSTRUCTION, conduct comprehensive research regarding the project and the builder’s history.
- Validate Project Status: Stay updated on the latest progress of the project's completion and any legal requirements that may impact your investment.
- Inquire About Timelines: Engage in discussions to understand the builder's timeline commitments and their ability to meet them based on past experiences.
- Consider Legal Protections: Ensure any agreement includes clauses for accountability and legal recourse, should similar issues arise in the future.
General Tips for Buyers When Selecting a Builder
- Investigate Customer Feedback: Seek out reviews and testimonials from previous buyers to gauge satisfaction and issues.
- Review Legal History: Check for any litigation history or complaints lodged against the builder to understand their business practices better.
- Ask for References: A credible builder should willingly provide references from completed projects.
- Visit Completed Projects: If possible, visit past projects to assess quality and construction standards firsthand.
Making an informed choice is critical in real estate, and understanding the legal background of a builder like SHAKTI CONSTRUCTION is a crucial step in that process.
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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 Construction, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around two main topics: penalties for project delays and non-compliance with regulatory requirements.
In the case of penalties for project delays, the authority imposed a penalty of Rs. 75,000 on the builder for not filing the final report on the completion of their project 'Ambika Pinnacle' within the prescribed time frame. This highlights a troubling trend where builders may not adhere to crucial deadlines, which can create ripple effects throughout the real estate ecosystem, particularly concerning transparency and compliance.
The reason people commonly bring such cases to court often centers around the builder’s failure to fulfill obligations that are crucial for maintaining proper records and complying with legal standards. In the instance of Shakti Construction, the delay in filing the final project report resulted in a direct financial penalty, indicating a systemic issue with the builder's operational practices or adherence to timelines.
The conclusion of this case demonstrates a prevalent factor in many of the builder's losses: non-compliance with regulatory requirements. Builders must adhere to specific guidelines and timelines during and after project completion. The common reasons for the builder’s losses in these cases typically include insufficient evidence to defend their actions, or in this case, the failure to file appropriate documentation in a timely manner. Such practices underscore the importance for prospective buyers to be vigilant when considering properties developed by builders with a history of such legal disputes.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| GJ/CMP/NCQR/Surat/2… | Gujarat | The Gujarat Real Estate Regulatory Authority impo… | ["Non-filing of fin… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Shakti Construction | https://drive.google.com/uc?id=1Ih5grKCvWznF0H7ZLpSl2oykjSdAks3z |