SHREE EVERGREEN DEALCOM PRIVATE LIMITED

Introduction

Shree Evergreen Dealcom Private Limited is a real estate builder operating primarily in Madhya Pradesh (MP). Like many developers, the company has faced legal challenges that potential buyers may want to consider when evaluating a partnership in property investment. In this blog, we will delve into the builder's track record, focusing on legal complaints, case outcomes, and offering insights for prospective buyers.

Legal Overview

The builder has a reported total of one complaint against it, with the outcome being that they lost this case. Interestingly, it’s worth noting that while the builder won a previous case, the circumstances surrounding that win were more about reaching an amicable settlement rather than a definitive legal victory.

Case Analysis

1. Cases Won:
   • Summary: In the only case that Shree Evergreen Dealcom Private Limited won, it was settled through a Memorandum of Understanding (MoU) where the applicant withdrew the case. The applicant originally claimed a refund of Rs. 5,44,000 along with compensation, while the builder claimed the applicant had not paid the full amount due. This resolution suggests that while the builder has technically won a case, the win did not represent a judicial endorsement of their practices, but rather a negotiated settlement that caused the applicant to back off.
2. Cases Lost:
   • Summary: There has been one case lost against the builder, which leads to concerns regarding their business practices and ability to fulfill commitments to buyers. With no wins in court that definitively favor the builder’s stance, potential buyers may need to carefully evaluate their options.

Patterns and Insights

Common Factors in Cases Lost:

• Financial Disputes: The lost case signifies potential issues related to financial transactions and fulfillment of obligations by the builder. Instances where applicants seek refunds or compensation could indicate possible misalignments between buyer expectations and builder delivery.

Common Factors in Cases Won:

• Settlements Over Litigation: The single victory was achieved through settlement. This indicates a preference or tendency for the builder to engage in negotiations rather than face a trial. This could imply that issues often arise, but they may be resolved outside the courtroom, which can be a favorable approach for conflict resolution but may also mask underlying concerns.

Conclusion

In conclusion, Shree Evergreen Dealcom Private Limited presents a mixed track record. With only one complaint resulting in a loss and a past settlement indicating conflicting expectations, potential buyers are advised to exercise caution.

Tips for Potential Buyers:

• Thorough Research: Investigate the builder's history, project quality, and past dealings prior to any investment.
• Seek Legal Counsel: Consider having a legal expert review any agreements or contracts to protect your interests.
• Evaluate Financial Terms: Ensure that payment terms are clear and justified to avoid future disputes.

General Tips for Selecting Any Builder:

1. Review Customer Feedback: Look for reviews from previous customers to gather insights on their experience.
2. Check for Regulatory Compliance: Ensure the builder is in compliance with local real estate regulations and has the necessary approvals for projects.
3. Visit Previous Projects: If possible, visit completed projects by the builder to assess quality and workmanship firsthand.

By conducting meticulous due diligence, potential buyers can make informed decisions as they navigate the often complex landscape of real estate purchases.

Analysis of the cases filed against Shree Evergreen Dealcom Private Limited, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Refund and Compensation Claims and Disputes over Payment Amounts.

The cases often revolved around the applicant seeking a refund due to dissatisfaction with the real estate project, as seen in the claim for a refund of Rs. 5,44,000. This indicates that buyers were not only expecting timely possession of their properties but also anticipated that they would meet their expectations in terms of quality and fulfillment of promises made by the builder.

Commonly, people brought cases to court in an attempt to rectify what they perceived as breaches of contract or failure to deliver properties on schedule. The builder's defense often revolved around claims of non-payment of the full amount due, which suggests a systemic issue where the builder may have been withholding services or possession based on payment disputes, rather than addressing the core issues raised by buyers.

The settlement through a Memorandum of Understanding (MOU) in the case highlights an underlying flexibility in the builder's position, suggesting that while they may not have initially met buyer expectations, they were willing to negotiate to prevent further litigation. This raises a pattern where the builder’s litigation may have stemmed not only from non-compliance with payment terms but also from a lack of clear communication regarding project delivery timelines and refund policies.

The builder's losses in these cases point toward a few common failures: insufficient evidence to support their claims of non-payment, inability to provide timely refunds or project deliveries, and a lack of transparency that may have led to misunderstandings about payment amounts owed. Overall, this analysis underscores the importance for potential buyers to carefully review payment terms, project timelines, and any clauses related to refunds or compensation before entering into agreements with Shree Evergreen Dealcom Private Limited.