SHIBANI ESTATES & PROMOTERS PRIVATE LIMITED

Understanding Shibani Estates & Promoters Private Limited: A Closer Look

When it comes to choosing the right builder for your dream home, thorough research is essential. This blog post delves into Shibani Estates & Promoters Private Limited, a builder based in Odisha, providing crucial insights from their legal history which potential buyers should consider.

Company Overview

Shibani Estates & Promoters Private Limited is a residential builder that operates primarily in the state of Odisha. While the company has undertaken numerous projects, the recent legal history raises questions about their operational integrity and commitment to fulfilling contractual obligations.

Legal Case History

Summary of Complaints

Shibani Estates & Promoters has received one formal complaint leading to a legal case. In this instance, the complainant claimed significant issues, including delays in project completion, lack of maintenance for flat owners, and failure to adhere to the terms of the agreement.

Verdict and Responses

The builder responded by claiming that the project was, in fact, complete, attributing the alleged maintenance failures to non-payment of charges by the flat owners and stating that the residents’ association was improperly constituted. The legal authority involved ultimately sided with the complainant to some extent by directing the builder to complete certain project aspects—specifically, improvements on infrastructure including street lights, internal roads, drainage systems, and repairs to damaged water connections.

Patterns in Legal History

• Cases Lost: Shibani Estates has lost one case, reflecting a potential pattern of unfulfilled obligations, particularly in project completion and maintenance. The verdict suggests a strong expectation for builders to adhere strictly to contractual commitments, especially regarding project readiness and community support facilities.
• Cases Won: While the builder has not won any cases, the summary indicates a defensive stance, claiming completion of projects. The legal findings highlight obligations that were not met, which could indicate a lack of satisfactory communication or operational follow-through by the builder.

Conclusion

In light of the provided information, Shibani Estates & Promoters Private Limited has a concerning legal history that potential buyers should take into account. The presence of an unresolved complaint, coupled with a ruling against the company, raises red flags about their reliability and commitment to project completion and maintenance standards.

Tips for Potential Buyers

1. Do Your Homework: Investigate a builder’s past projects and any complaints filed against them. Understanding their track record can provide insights into their reliability.
2. Read Reviews: Look for customer testimonials and online reviews to gauge previous buyers' experiences.
3. Request Documentation: Ask for documentation regarding project timelines, maintenance terms, and previous legal disputes to ensure transparency.
4. Consult Authorities: Don't hesitate to consult local real estate forums or authorities to understand the builder’s standing and reputation.

General Tips for Selecting a Builder

• Check Licensing: Verify that the builder holds a valid license and is registered with the appropriate authorities.
• Evaluate Financial Stability: Ensure that the builder has a solid financial background to prevent project halts or delays.
• Visit Past Projects: If possible, visit existing projects to assess quality, design, and adherence to timelines.

In conclusion, Shibani Estates & Promoters Private Limited serves as a reminder of the importance of due diligence when selecting a builder. By being informed and vigilant, potential buyers can better navigate the complexities of real estate transactions and make educated choices.

Analysis of the cases filed against Shibani Estates & Promoters Private Limited, where the builder lost, reveals several key themes and key patterns underlying the disputes. The cases primarily revolve around three common themes: delayed possession claims, inadequate maintenance and amenities, and disputes over project completion and compliance.

The first theme, delayed possession claims, encompasses issues related to the builder's failure to complete projects on time as per the agreements signed with buyers. This has been a recurrent grievance in the construction sector, leading to dissatisfaction among buyers who count on timely possession of their properties.

The second theme, inadequate maintenance and amenities, highlights the builder's obligations regarding maintenance and provision of essential amenities to flat owners. In the case summarized, the builder was accused of not providing proper maintenance, street lights, internal roads, and effective drainage systems, which are fundamental requirements for homeowners.

The third theme, disputes over project completion and compliance, pertains to the builder's adherence to the terms of agreement and regulatory requirements. Buyers often contest the builder’s assertion of project completion when significant aspects remain unfinished or do not meet agreed-upon specifications.

Common reasons for litigation in these cases include:

• Contesting delays attributed to other parties: Builders often blame buyers or other external factors for delays in project completion.
• Disputing the quality of maintenance and amenities provided: Buyers may feel that the builder has failed to fulfill obligations, leading to disputes over what constitutes adequate maintenance.
• Misunderstandings over project classification and compliance: Builders and buyers may have differing interpretations of what it means for a project to be complete and in compliance with regulatory standards.

The builder lost these cases primarily due to a combination of the following reasons:

• Insufficient evidence to support their claims of timely completion and adequate maintenance.
• Failure to comply with legal and regulatory requirements concerning project completion and buyer satisfaction.
• Lack of responsiveness to the grievances raised by the buyers regarding maintenance and project amenities.

In conclusion, the analysis of these cases underscores the importance of clear communication, adherence to contractual obligations, and transparency in the real estate sector. Buyers should remain vigilant and informed about their rights, and builders must strive to meet expectations to avoid litigation and maintain a positive reputation in the market.