SHANNO BUSINESS INDIA PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Chhattisgarh
| CIN | U45309CT2004PTC016737 |
|---|---|
| Year Established | 5-Jul-04 |
| Address | 402, 3RD FLOOR, RAJEEV GANDHI COMPLEX, BALASHRAM COMPOUND, KUTCHERY CHOWK RAIPUR CT 492001 IN |
| Company Status | Private |
Introduction
In the realm of real estate development, the choice of a builder is paramount for a successful investment. Today, we delve into the profile of Shanno Business India Private Limited, a builder operating in Chhattisgarh, analyzing their legal standing and what it might mean for potential buyers.
Legal Overview
When examining Shanno Business India Private Limited, it's crucial to consider their legal history:
- Number of Complaints: 1
- Cases Won: 0
- Cases Lost: 1
Case Details
Shanno Business India faced one formal complaint where the appellant claimed that the builder violated the Real Estate (Regulation and Development) Act, 2016 by failing to operate the RERA-specified account appropriately. The builder, on the other hand, contended that the errors stemmed from ignorance and asserted that they had rectified the situation. Ultimately, the authority imposed a modest penalty of Rs. 5,000 on the builder and archived the case.
Analysis of Legal Patterns
Cases Lost
The sole case against Shanno Business India resulted in a loss for the builder. This case highlights potential shortcomings in compliance with regulatory protocols, specifically concerning the management of funds intended for real estate development. Such issues often arise from a lack of awareness or proper systems in place for maintaining legal accounts as mandated by RERA.
Cases Won
Interestingly, while Shanno Business India has faced allegations, they have not successfully defended against any complaints in terms of winning legal cases. The penalty imposed indicates a recognition of wrongdoing despite the builder's claims of rectification.
Conclusion
Based on the available data, Shanno Business India Private Limited has demonstrated a concerning trend in compliance and legal accountability. With one lost case and no wins, it raises a flag for potential buyers to consider deeply before engaging with this builder. Potential buyers should approach with caution, ensuring thorough due diligence when evaluating investment opportunities with Shanno Business India.
Tips for Potential Buyers
- Extensive Research: Investigate the builder’s reputation, including reviews from previous customers and any complaints filed against them.
- Legal Consultation: Consider consulting a legal advisor familiar with real estate regulations to understand your rights and the builder's obligations.
- Document Scrutiny: Thoroughly review all contracts and agreements before committing to any purchase.
- Engagement with RERA: Check if the builder is registered with RERA and ensure that the projects comply with the stipulated laws.
General Tips for Selecting Any Builder
- Verify Registration: Always ensure the builder is registered with RERA for added layers of security and accountability.
- Track Record: Look for a builder with a successful track record and history of project completion on time and within budget.
- Transparency in Operations: Favor builders who are transparent about their financial and operational dealings and who have strong communication with clients.
- Quality of Work: Assess previous projects to gauge the quality of workmanship and materials used.
Final Thoughts
Choosing the right builder can significantly affect your investment's worth and your peace of mind. By conducting thorough research and considering the insights provided here, potential buyers can make informed decisions and protect their interests in the real estate market.
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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 Shanno Business India Private Limited, where the builder lost, revealed several key points across the spectrum of disputes encountered in real estate transactions.
The cases highlight two primary themes: regulatory non-compliance and operational errors. The first theme, regulatory non-compliance, stands out in the context of the Real Estate (Regulation and Development) Act, 2016. In one notable case, the builder was penalized for not adhering to the rules specified by the RERA regarding the operation of a separate account for real estate transactions. This emphasizes the importance of understanding and adhering to legal frameworks in real estate, as non-compliance can lead to significant penalties, as seen in this instance where the builder was fined Rs. 5,000.
The second theme, operational errors, is closely linked to the first since the builder's defense often revolved around claims of ignorance and unintentional mistakes. This pattern suggests that while some disputes may arise from willful non-compliance, others can stem from a lack of knowledge or understanding of the rules governing real estate projects.
A common trigger for litigation in these cases was the builder’s failure to meet regulatory standards, which reflects a broader trend in the market where builders may prioritize expedience over compliance. This can lead to errors that necessitate legal action, resulting in financial penalties and damage to the builder's reputation.
The reasons for the builder's losses in these cases are multifaceted but primarily revolve around insufficient evidence to defend their actions, along with a clear failure to comply with established regulations. The builder's reliance on claims of ignorance to mitigate their errors was ultimately inadequate, highlighting the need for due diligence and legal consciousness in the real estate sector.
In conclusion, the cases against Shanno Business India Private Limited serve as a cautionary tale for builders about the importance of adhering to regulations and ensuring operational integrity in real estate dealings. For potential buyers, this underscores the need to conduct thorough research into a builder's reputation and history of compliance before making any investment.
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 |
|---|---|---|---|---|---|---|---|
| B-0001-2023-02052 | Chhattisgarh | Chhattisgarh RERA filed a case against Shanno Bus… | ["Real Estate", "Re… | {"appellant_claim": "The appellant claimed that t… | Chhattisgarh RERA | Shanno Business Ind… | https://rera.cgstate.gov.in/Content/ComplaintDocuments/Application_M-COM-2023-02052/FILE_FINAL_ORDER_91df575e-7e48-4aed-821a-b41a601e13ef.pdf |