| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction to Shree Corporation
In the realm of real estate development, the credibility of a builder is paramount for any prospective buyer. Today, we take a closer look at Shree Corporation, a builder based in Gujarat, to understand their legal standing and overall reliability through their track record in project management and legal disputes.
Legal Overview
Shree Corporation has a notably clean legal record with only one complaint lodged against it, which they successfully resolved. They have not lost any legal cases, demonstrating a track record of winning all matters brought before them.
Breakdown of Legal Cases
The sole case involving Shree Corporation revolved around their completion of a project and the issuance of an occupancy certificate. In this case:
- Appellant Claim: The builder asserted that the project had been completed and all necessary occupancy documentation was in place. However, it was noted that the allottees were not registering the housing society as required.
- Respondent Claim: The Gujarat Real Estate Regulatory Authority (RERA) contested this by stating that the builder failed to submit the annual audit report for the financial year 2019-20.
- Verdict: Ultimately, RERA ruled in favor of Shree Corporation by exempting them from any penal proceedings, which suggests that the builder adhered to regulatory norms despite the discrepancy regarding the audit report.
Analysis of Cases
- Patterns in Lost Cases: Given that Shree Corporation has not lost any cases, there are no patterns to analyze regarding cases lost.
- Patterns in Won Cases: The singular case they won reveals a distinct dynamic where the builder maintains compliance with project completion standards. The success in this legal matter indicates that Shree Corporation is proactive in documenting their progress and following through with regulatory requirements well enough to avoid penalties, even when questioned about certain documentation.
Conclusion: Overall Assessment of Shree Corporation
Shree Corporation emerges as a reliable builder based on the limited legal data available. With only one recorded complaint, which was resolved favorably, they seem to maintain a positive standing in the eyes of regulatory authorities in Gujarat. Their success in legal matters highlights their commitment to fulfilling legal obligations related to their projects, which is an encouraging sign for potential buyers.
Tips for Potential Buyers Considering Shree Corporation
- Due Diligence: Even though Shree Corporation has a good track record, it's wise to investigate customer reviews or seek references from previous buyers.
- Documentation Checks: Ensure that all relevant documents, such as occupancy certificates and society registration details, are complete and verifiable.
- Understanding Timelines: Buyers should inquire about the timelines associated with project completions and the registration of societies to ensure smooth transitions.
General Tips for Selecting Any Builder
- Research the Builder’s History: Look into a builder’s legal record and past projects. Builders with long-standing reputations are often more reliable.
- Visit Completed Projects: If possible, visit homes that are already completed by the builder to assess quality firsthand.
- Ask About Warranties and Post-Purchase Support: Inquire what kind of support or warranties are provided post-purchase, ensuring that buyers have recourse if issues arise later.
- Engage Legal Counsel: Before finalizing any purchase, consider consulting with a real estate lawyer to review contracts and legal obligations.
In summary, Shree Corporation stands out for its commendable legal standing and adherence to project regulations. Their single-case history of winning reflects a trustworthy operation that potential buyers in Gujarat may look to with confidence.
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Here you’ll find cases where the builder sued others and won. We’ve included a summary and key insights from each case.
An analysis of the cases filed by the builder, Shree Corporation, which it won, revealed the following information. The builder primarily faced disputes surrounding the completion of projects and disputes related to the regulatory compliance of their operations.
One significant theme is the 'Completion and Occupancy Certificate Disputes', where the Shree Corporation claimed that the project was completed and the occupancy certificate issued, yet the allottees were not registering the society. This indicates a common contention between developers and buyers regarding the perception of project completion, often leading to administrative complications.
The second theme, 'Regulatory Compliance Challenges', highlights issues such as the claim from the Gujarat Real Estate Regulatory Authority regarding the failure to submit an annual audit report. This points to the complexities that builders face in adhering to regulatory guidelines, which could lead to misunderstandings and potential conflicts with regulatory bodies.
The primary reasons for Shree Corporation bringing cases to court generally revolve around contesting claims related to project completion and compliance with regulatory requirements. Specifically, the builder often found themselves disputing penalties or responding to allegations of non-compliance that could be contested based on procedural grounds or lack of supporting evidence from regulating authorities. It appears that the builder faced situations where they needed to clarify their positions against misinterpretations by allottees or regulatory bodies.
In each instance, Shree Corporation secured favorable outcomes due to several reasons. Predominantly, this was attributed to the opposing party's insufficient evidence to substantiate their claims or procedural missteps in formally addressing disputes. Additionally, Shree Corporation's ability to present complete documentation, such as securing occupancy certificates, strengthened their defense against regulatory claims. These instances highlight the builder's effectiveness in navigating legal requirements and defending its operational integrity against sometimes erroneous claims.
From this analysis, we observe that Shree Corporation maintains a solid reputation in the competitive real estate market. Such legal disputes illustrate that builders can face unwarranted accusations from buyers. The ability of Shree Corporation to successfully contest these claims speaks to its robustness in both project management and compliance, reinforcing a narrative that suggests potential buyers should exercise caution when assessing claims against builders.
In conclusion, potential buyers must approach the real estate market with careful consideration and seek reliable information before forming judgments. Despite legitimate disputes that sometimes surface in real estate transactions, builders such as Shree Corporation have demonstrated their capability to defend against unjust or exaggerated allegations. It is crucial for buyers to engage in thorough research and exercise due diligence before reaching conclusions about a builder's stature.
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 |
|---|---|---|---|---|---|---|---|
| GJ/CMP/NCAR/SURAT/2… | Gujarat | The Gujarat Real Estate Regulatory Authority exem… | ["Exemption from pe… | {"appellant_claim": "The Shree Corporation claime… | Shree Corporation | https://drive.google.com/uc?id=1SZ3zjyrB3DNWJudqs1dSCLmdVqIHXgu5 |