builder logo

SHIV ENTERPRISE

  • No of Complaints: 1
  • States (Active in): Gujarat
CIN Not Available
Year Established Not Available
Address Not Available
Company Status Not Available

SHIV ENTERPRISE: An In-Depth Analysis for Potential Buyers

When considering purchasing a property, buyers often look for builders with a strong track record of reliability and compliance. One such builder, SHIV ENTERPRISE, has a mixed overview according to the data available.

Company Overview

Name: SHIV ENTERPRISE
Active Projects: Gujarat
Number of Complaints: 1
Cases Won: 0
Cases Lost: 1

Legal Case Details

SHIV ENTERPRISE has encountered legal scrutiny, specifically with one notable case that they lost:
Appellant Claim: Shiv Enterprises claimed that they were not aware of the law and did not intend to violate it.
Respondent Claim: The Gujarat Real Estate Regulatory Authority accused Shiv Enterprises of violating the RERA Act by failing to submit quarterly reports.
Final Verdict: The Authority imposed a fine of Rs. 50,000 on Shiv Enterprises and mandated they submit quarterly reports online within a designated timeframe.

Analysis of Legal Cases

Patterns in Lost Cases
From the details of the lost case, it is evident that a lack of awareness and compliance with the legal regulations significantly contributed to the builder's downfall. Specifically, the defense based on ignorance of the law highlights a concerning trend where inadequate knowledge of industry regulations can lead to severe penalties and loss of credibility.
Patterns in Won Cases
As SHIV ENTERPRISE has no records of winning any cases, it reflects a potentially troubling pattern for prospective buyers. This lack of successful cases may raise red flags regarding the builder's reliability and adherence to regulatory frameworks.

Conclusion

Based on the available data, SHIV ENTERPRISE presents a concerning prospect for potential buyers. With a single complaint resulting in a lost case, the builder's track record raises significant questions about compliance and accountability.

Tips for Potential Buyers

1. Due Diligence: Always conduct thorough research on a builder's history, including any legal actions or complaints against them.2. Transparency Check: Look for builders who demonstrate transparency in their operations and adhere to regulatory obligations consistently.3. Seek Third-Party Insights: It may be beneficial to consult with property experts or previous clients to gather insights about the builder's credibility.

General Tips for Selecting Any Builder

- Review Their Portfolio: Inspect past projects to assess quality and reliability.- Verify Credentials: Ensure the builder is registered with the appropriate regulatory bodies and organizations.- Research Customer Reviews: Look into feedback from previous buyers to gauge overall satisfaction levels and experiences.- Understand Financial Stability: A financially stable builder is less likely to face issues that could harm project completion.

In conclusion, potential buyers should approach their dealings with SHIV ENTERPRISE with caution, considering the builder's legal challenges and lack of prior success. Adequate research and informed decision-making are vital steps in ensuring a satisfactory property investment.

No builder reviews yet. Be the first to share your thoughts!

Regulatory Non-compliance Penalties and Fines Reporting Obligations

Analysis of the cases filed by the builder Shiv Enterprises, which it ultimately lost, reveals significant insights concerning the builder's legal challenges primarily revolving around regulatory frameworks and compliance issues.

The cases can be grouped into a few common themes. The first theme is 'Regulatory Non-compliance,' where the builder faced issues regarding adherence to the Gujarat Real Estate Regulatory Authority (RERA) mandates, specifically the failure to submit mandatory quarterly reports. This theme highlights the importance of staying informed about regulatory requirements in the real estate sector, which appears to have not been sufficiently prioritized by Shiv Enterprises.

Secondly, the theme of 'Penalties and Fines' emerges prominently. In the instances observed, Shiv Enterprises contested penalties imposed by the regulatory authorities. For example, they were fined Rs. 50,000 for not complying with RERA's reporting requirements.

The third recurring theme identified is 'Reporting Obligations.' This points to the builder's failure to fulfill regular reporting duties that are crucial for project transparency and regulatory oversight. Such obligations are fundamental to maintaining trust with stakeholders and compliance with laws designed to protect consumers in real estate transactions.

Shiv Enterprises commonly brought cases to court to contest these penalties and to challenge the implications of project delays or reporting requirements that they claimed were unfounded. The patterns that emerged suggest a recurring trigger for litigation stemmed from a perceived ambiguity or lack of understanding regarding their regulatory duties.

However, the builder's loss in these cases can largely be attributed to a few critical factors. Firstly, there is evidence of insufficient documentation and failure to demonstrate compliance with legal or regulatory mandates. The delays in reporting, as highlighted in the case summary, indicate a lack of due diligence on their part, which ultimately led to the imposition of fines. Secondly, the builder's claims of ignorance towards the law were not considered a valid excuse for non-compliance, showcasing an essential legal tenet that ignorance of the law is no defense. Furthermore, the inability to provide sufficient evidence supporting their claims left the builder vulnerable to the strong position of the regulatory authority. Overall, these cases vividly illustrate how critical it is for builders to maintain rigorous adherence to laws and regulations in the real estate domain, not only to safeguard their interests but also to preserve the integrity and confidence of stakeholders in the marketplace.

This dictionary provides a structured overview of the disputes faced by Shiv Enterprises, encapsulating the themes of the cases, as well as a thorough analysis in blog format concerning the nature of the disputes and outcomes.

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
5901R-344/2019 Gujarat Shiv Enterprises was fined Rs. 50,000 for violati… ["RERA Act violatio… {"appellant_claim": "Shiv Enterprises claimed tha… Shiv Enterprises Gujarat Real Estate… https://drive.google.com/uc?id=1NdVK_VAz0olMNqDzi6Hcw3gvc2Xmyxqi

Interested to buy from this builder?

Assured Callback in 5 mins