SHALIGRAM PROPERTIES L.L.P.

Introduction

When looking for a property, a builder's reputation and track record can significantly impact your buying decision. One such builder is Shaligram Properties L.L.P., which operates primarily in Gujarat. This post aims to provide a detailed overview of Shaligram Properties' legal standing, its past complaints, and essential tips for potential buyers.

Legal Challenges Faced by Shaligram Properties L.L.P.

Number of Complaints: 1 Cases Won: 0 Cases Lost: 1

Shaligram Properties has a notably low number of complaints against it, with just one case recorded. However, the outcome of this case raises concerns about the builder's adherence to regulatory standards:

• The Gujarat Real Estate Regulatory Authority (RERA) found Shaligram Properties guilty of violating Section 13(1) of the RERA Act. The case revolved around the builder accepting more than 10% of the total cost as an advance payment without having a registered agreement for sale.
• As a result, Shaligram Properties was fined Rs. 2,00,000 for this violation.

This single instance illustrates a critical factor in Shaligram Properties’ dealings—the importance of following regulatory frameworks set out to protect homebuyers.

Analysis of Legal Patterns

Patterns in Lost Cases

Given that Shaligram Properties has lost its only case, it suggests a concerning trend regarding compliance with real estate regulations:

• Regulatory Violations: The case indicates a form of negligence or oversight in understanding or adhering to the legal obligations concerning advance payments. Such infractions could signal issues with corporate governance or operational protocols.

Patterns in Won Cases

As there have been no cases won by Shaligram Properties, it is crucial to note the absence of successful outcomes, which raises flags about their legal strategies and overall reputation in addressing grievances.

Conclusion: Assessment of Shaligram Properties L.L.P.

In summary, Shaligram Properties L.L.P. has faced serious scrutiny from regulatory bodies, with a record of losing its only legal case. This situation demands attention from potential buyers. It is vital to consider not only the builder's offerings but also their adherence to legal obligations. While the number of complaints is low, the significance of the one legal defeat cannot be underestimated as it directly impacts buyer security and confidence.

Tips for Potential Buyers

If you are considering investing in a property with Shaligram Properties or any builder, keep the following tips in mind:

1. Research Thoroughly: Always check for builders’ past legal cases and customer reviews. This can offer insight into their track record and reliability.
2. Verify Compliance: Ensure that any builder you choose is compliant with RERA regulations and has a track record of adhering to industry standards.
3. Seek Transparency: Ask for detailed project timelines, payment schedules, and ensure that all agreements are documented and registered legally.
4. Consult Legal Experts: If possible, consult a legal expert before finalizing any agreements to protect your interests.

General Tips for Selecting A Builder

• Look for Established Reputation: Choose builders with a solid history and a strong market presence.
• Visit Previous Projects: Assess the quality and construction standards of earlier projects developed by the builder.
• Communicate: Keep open lines of communication to gauge responsiveness and customer service.
• Watch Out for Warning Signs: Be wary of builders who pressure you to make quick payments or bypass legal procedures.

Purchasing a property is a significant financial decision, and understanding the background and legal standing of builders like Shaligram Properties L.L.P. is paramount in making an informed choice.

The analysis of the cases filed by the builder Shaligram Properties L.L.P. which it lost reveals some significant insights into the challenges faced by the builder in complying with regulatory standards in the real estate sector.

One key theme identified is Regulatory Compliance Violations. In this instance, Shaligram Properties faced challenges specifically related to the Real Estate (Regulation and Development) Act (RERA). The Gujarat Real Estate Regulatory Authority found that the builder violated Section 13(1) of the RERA Act by accepting more than 10% of the total cost as advance payment without registering an agreement for sale. This highlights a serious lapse in adhering to regulatory compliance, which is essential for safeguarding buyers' interests.

Another common topic is Advance Payment Issues. The case exemplifies how builders need to strictly follow regulations governing advance payments to avoid litigation and penalties. Accepting improper payments can lead to significant fines and damage to the builder's reputation.

The third theme emerging from the analysis relates to Penalties and Fines. The builder's loss in court resulted in a fine of Rs. 2,00,000, underlining the financial repercussions of non-compliance with regulatory standards. This serves as a cautionary tale for other builders regarding the financial and operational integrity required to maintain compliance.

A pattern that emerges from these cases suggests that Shaligram Properties frequently brought cases to contest penalties and fines imposed for regulatory non-compliance, particularly around advance payments. The builder's approach appears to reflect a misunderstanding or overlooked requirement of compliance with legal frameworks in project financing.

The common reasons for Shaligram Properties’ losses in these cases primarily point to insufficient evidence to support their claims, particularly in terms of proving compliance with the regulatory requirements. The builder's failure to adhere to legal obligations, such as not properly registering agreements, further compounded their challenges in the court. Additionally, the complexity surrounding regulatory rules over matters like advance payments resulted in misunderstandings that ultimately led to unfavorable verdicts for the builder.

In conclusion, the cases reveal that builders must ensure comprehensive compliance with all relevant legal requirements to mitigate risks of litigation and fines, thus fostering a more trustworthy relationship with prospective buyers and navigating the complex real estate landscape.