| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the ever-evolving landscape of real estate development, potential buyers often find themselves navigating through a plethora of options. One name that surfaces in the realm of builders is Shree Developer, known for its operations primarily in Odisha. While the promise of new homes is exciting, it is vital to evaluate the builder's track record before making a commitment. This blog delves into Shree Developer's legal standings, notable complaints, and gives potential buyers important insights.
Legal Standing of Shree Developer
Shree Developer has faced one complaint against it, resulting in an unfavorable outcome. The details of the legal case are particularly enlightening.
Case Analysis
The following summarizes the key findings regarding the builder's legal case:
- Cases won: 0
- Cases lost: 1
The sole case against Shree Developer revolved around a registration issue, where the authority had not registered the builder's project prior to the execution of sale agreements. In this situation, the respondent was penalized with a fine of Rs. 10,00,000 for violating legal mandates. This case underscores a lack of proper registration procedures followed by the developer, which is a critical factor in real estate transactions. The repercussions of such actions can have significant impact on buyers, especially concerning their legal rights regarding the property.
Patterns Identified
Given that there was only one recorded complaint, it is challenging to identify a pattern of lost cases; however, we can draw a preliminary analysis based on Shree Developer’s single incident:
- Common Factors in Lost Cases: The case highlighted a critical oversight in project registration which is fundamental in real estate development. Avoiding compliance with statutory regulations can lead to penalties and loss of consumer trust.
- Common Factors in Won Cases: In contrast, since there are no cases won by Shree Developer, the absence of successful legal outcomes raises concerns that any plausible defense or legal standing was not sufficiently established. It indicates a weak position in compliance with regulatory frameworks.
Conclusion
In summation, Shree Developer presents potential homebuyers with a blend of opportunity and caution. The single reported complaint coupled with its legal outcomes suggests a need for diligence when considering properties associated with this builder.
Tips for Potential Buyers
For prospective buyers, here are some essential tips when considering a purchase from Shree Developer:
- Thoroughly Research: Investigate the builder's history beyond the presented case. Look for additional customer feedback and reviews, especially on platforms that focus on real estate.
- Verify Documentation: Ensure that your project does adhere to legal requirements, such as registration. Double-check if all necessary approvals are in place.
- Consult Legal Experts: If you are unsure about any documents or legal standings, seek professional advice to protect your interests.
General Tips for Selecting a Builder
When selecting any builder, keep the following in mind:
- Reputation Check: Always research the builder's reputation in the market. Look at past projects and their adherence to deadlines and quality standards.
- Customer Service: Evaluate the builder's customer service. Responsiveness and transparency during initial communications are often indicative of future interactions.
- Site Visits: If possible, conduct site visits to ongoing projects to assess the quality of construction and working practices.
By being informed and vigilant, potential buyers can make better choices and secure their investments 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 Shree Developer, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues in the real estate sector, particularly concerning compliance with legal frameworks and project registrations.
One of the most notable themes is the builder's Non-compliance with Regulatory Requirements. In the sole case summarized, the respondent claimed that the builder had executed sale agreements before obtaining the necessary project registration. This indicates a troubling trend where builders may prioritize profit over adherence to crucial legal standards, potentially jeopardizing the interests of home buyers.
Project Registration Delays emerge as another significant concern. The fact that the Authority had not registered the project at the time of sale agreement executions suggests systemic delays or inefficiencies in the project registration process, which could stem from either the builder's failure to submit timely applications or inadequate processing capabilities on the part of the regulatory body.
The Penalties for Legal Violations theme is closely tied to the first two, as non-compliance with regulatory requirements typically results in legal repercussions. In this case, the builder was directed to pay a penalty of Rs. 10,00,000/- for violating Section 3 of the Act, which highlights the legal risks builders face when they do not align their operations with statutory obligations.
Common triggers for litigation in these cases include contesting penalties imposed for non-compliance, disputing project delays attributed to other parties, and disagreements over project classification or registration status. Builders often find themselves in litigation due to a failure to meet regulatory requirements or fulfill contractual commitments, which reflects a broader pattern of neglecting legal compliance in the pursuit of expedited development.
The reasons the builder lost these cases likely center around insufficient evidence of compliance with regulatory requirements, failure to secure necessary project registrations, and potentially inadequate documentation to support their claims. These factors underscore the importance of diligent legal adherence and transparency in the real estate industry.
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 |
|---|---|---|---|---|---|---|---|
| Suo Motu Complaint … | Odisha | The case is initiated against the respondent for … | ["Violation of Sect… | {"appellant_claim": "", "respondent_claim": "The … | Shree Developers | https://rera.odisha.gov.in/wp-content/uploads/2022/02/CC.-No.53.20.pdf |