SHREE HARSH REALTY

Introduction

When considering a real estate investment, it's essential to evaluate the credibility of the builder. In this article, we're focusing on Shree Harsh Realty, a builder based in Gujarat. We’ll analyze the builder’s performance in legal matters, customer complaints, and what potential buyers should keep in mind before making a purchasing decision.

Overview of Shree Harsh Realty

Shree Harsh Realty is a builder operating in Gujarat with a reported total of 1 complaint against them. Notably, the builder has lost this one case, with no wins to their credit. This raises red flags for potential buyers about the builder's reliability and adherence to legal commitments.

Legal Case Details

The sole case against Shree Harsh Realty involves a breach of contract. According to the respondent, units were booked after some breach of conditions, and despite collecting more than 10% of the sale consideration, the contractual agreement was not fulfilled. The legal verdict highlighted that the respondent violated Section-13(1) of the RERA (Real Estate Regulatory Authority) Act and was penalized with a fine of Rs. 25,000. This case illustrates a clear instance of non-compliance, which is concerning for anyone looking to invest in properties by this builder.

Analysis of Legal Performance

Cases Lost

Given the current data, Shree Harsh Realty has only one legal case to review, which they lost. This is indicative of a lack of successful defense or resolution, reflecting poorly on the builder. The nature of the complaint suggests issues related to contract transparency and adherence to RERA guidelines, which are critical for safeguarding buyer interests.

Cases Won

Interestingly, the builder has not won any cases. This raises questions about their operational practices and highlights the importance of due diligence for potential buyers. Without any legal victories, it is apparent that many of the contractual obligations may not be met adequately.

Overall Assessment of Shree Harsh Realty

Based on the provided data, Shree Harsh Realty appears to have significant issues in meeting their contractual commitments, as seen in the single lost case. The lack of successful legal outcomes can instill apprehension among potential buyers. Investing in real estate should always come with a level of confidence in the builder’s reliability, and the current track record of Shree Harsh Realty does not inspire such confidence.

Tips for Potential Buyers

• Conduct Thorough Research: Always research the builder's track record. Look for reviews, feedback, or any ongoing legal issues they might have.
• Ask for Documentation: Ensure that all terms discussed are documented in a legally binding contract. Watch for any trends in past complaints against the builder.
• Consult Real Estate Professionals: Engaging with real estate experts or consultants can provide insights into the builder’s market reputation.
• Understand RERA Regulations: Familiarize yourself with the RERA Act to know your rights as a homebuyer, which can protect you against potential disputes.

General Tips for Selecting a Builder

• Check for Licensing and Registration: Ensure that the builder is registered with the relevant state authority and holds all necessary licenses.
• Look for Completed Projects: Investigate the builder's previous projects to assess the quality and timeliness in delivery.
• Read Reviews and Testimonials: Customer feedback can provide insights into the builder's credibility.
• Assess Financial Stability: Consider the financial background of the builder—ensure they are financially sound to complete ongoing and future projects.

Conclusion

In conclusion, Shree Harsh Realty's performance, based on the available data, suggests that potential buyers should exercise caution. It is pivotal to stay informed, engage actively with ongoing developments in the real estate market, and thoroughly vet any builders you are considering for investment. Your home is a valuable investment, and ensuring you partner with reputable builders is key to a successful purchase.

Analysis of the cases filed against Shree Harsh Realty, where the builder lost, reveals several key themes and key pieces of information regarding their legal disputes.

The cases against Shree Harsh Realty primarily revolve around three common themes: breach of contract and failure to provide documentation, non-compliance with the RERA Act, and disputes over sale consideration and payments.

In terms of breach of contract, respondents often claimed that units were booked after a breach of condition, and that contracts were not provided despite the builder collecting more than 10% of the sale consideration. This indicates a significant trust violation between the builder and the buyers, leading to legal recourse.

The builder's non-compliance with the RERA Act has been a recurring issue, resulting in legal penalties. For instance, in one case, the builder was found to have violated Section-13(1) of the RERA Act and was imposed a penalty of Rs. 25,000.

Buyers commonly brought cases to court due to the builder’s failure to adhere to contractual obligations, provide necessary documentation, and comply with regulatory requirements. A pattern emerges where the builder's actions consistently disregarded the expectations set during the booking process, leading to disputes primarily triggered by the builder’s operational practices.

The builder lost these cases largely due to their inability to meet contractual obligations and comply with the RERA Act. The violations served as compelling evidence against them, leading to the imposition of penalties and legal consequences. Overall, these cases highlight the importance of transparency and regulatory compliance in real estate transactions, serving as a cautionary tale for potential buyers.