SHRADHA CONSTRUCTION PRIVATE LIMITED

Introduction

When it comes to investing in real estate, the credibility and performance of the builder play a pivotal role in the decision-making process. Shradha Construction Private Limited, active in Odisha, exemplifies a builder that has faced legal challenges in its operational tenure. With only one complaint lodged against it and the results of that complaint raising some concerns, it's essential to analyze the builder’s performance, especially for potential buyers.

Overview of Legal Performance

Shradha Construction Private Limited has a minimal record of legal disputes, with only one complaint noted. This seems to highlight a relatively low incidence of legal issues compared to many other builders in the market. While having just one complaint may superficially appear favorable, the outcomes tell a different story regarding their legal track record.

Case Summary

• Total Complaints: 1
• Cases Won: 0
• Cases Lost: 1

The case filed against Shradha Construction resulted in a loss, with the final verdict ordering the builder to pay a penalty of Rs. 11,00,000 for violating Section 3 of the Real Estate (Regulation and Development) Act, 2016. The specifics of the complaint were not detailed, yet the imposition of a monetary penalty indicates a serious violation that could point to deeper operational issues.

Analysis of Legal Performance

Common Factors in Cases Lost

With one case lost, the details show that Shradha Construction was found in violation of regulatory laws governing real estate. This points towards potential shortcomings in project management, compliance with regulatory practices, or customer service. The financial penalty suggests that the builder may not have adhered strictly to obligations prescribed by real estate laws, which could impact their reputation and operations moving forward.

Common Factors in Cases Won

It is noteworthy that Shradha Construction has no successful outcome in the cases filed against them. While this is an unusual scenario for a builder, it highlights a caution for potential buyers regarding the builder's capacity to defend itself and successfully navigate disputes in the future.

Conclusion

Overall, the performance of Shradha Construction Private Limited raises several red flags for potential buyers. The fact that they have lost their only legal case, incurring a penalty for serious violations, warrants a level of caution for those considering purchasing a property from them. The builder's legal troubles could indicate systemic issues within their business practices.

Tips for Potential Buyers

1. Research Thoroughly: Before making any commitments, conduct thorough research on the builder's legal history and customer reviews in addition to their existing projects to ensure a comprehensive evaluation.
2. Seek Legal Advice: Consider consulting with a real estate lawyer to understand your rights and options in the event of any potential disputes.
3. Check Project Timelines: Look for other customer experiences related to project delivery timelines to ascertain the builder's reputation for reliability.
4. Visit Past Projects: If possible, visit past projects completed by the builder to assess construction quality and adherence to timelines.

General Tips for Selecting a Builder

• Check Credentials: Always ensure that the builder is properly certified and registered with the relevant housing authority.
• Look for Reviews: Online reviews and testimonials can provide insight into the overall satisfaction of previous customers.
• Assess Financial Stability: A financially stable builder is less likely to face project delays or legal disputes.
• Request References: Don’t hesitate to ask for references from previous clients to substantiate the builder's claims about quality and service.

In conclusion, while Shradha Construction Private Limited operates in a competitive market, their single complaint outcome requires potential buyers to proceed with caution and conduct due diligence.

Analysis of the cases filed against Shradha Construction Private Limited, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into two primary topics: regulatory non-compliance and penalties for project delays.

The first theme, regulatory non-compliance, is highlighted by the builder's violation of Section 3 of the Real Estate (Regulation and Development) Act, 2016, which resulted in a penalty of Rs. 11,00,000. This indicates a pattern where the builder may not have adhered to the required legal and regulatory standards, leading to legal consequences.

The second theme, penalties for project delays, suggests that there may have been significant delays in the builder's projects, which could have spurred legal action from buyers or regulatory bodies. It is common in real estate disputes for buyers to contest penalties imposed for delays, arguing often that the builder failed to meet contractual obligations for timely completion.

People commonly bring cases to court against builders due to a variety of reasons, such as disputing project delays, non-compliance with municipal orders, and disagreements over land classification. In the case of Shradha Construction, the prominent reason seems to revolve around regulatory non-compliance, which triggered the penalty.

The builder lost these cases primarily due to their inability to comply with the required regulations, highlighting a systemic issue within their operational practices. Such non-compliance not only incurs financial penalties but also undermines trust from buyers, which is crucial for success in the real estate market.