SHREE KRISHNA DEVELOPERS AND PROMOTERS

Introduction to Shree Krishna Developers and Promoters

Shree Krishna Developers and Promoters is a builder operating primarily in Karnataka. Like many in the construction industry, this builder faces challenges regarding project delivery and customer satisfaction. In this blog post, we will analyze the legal history of Shree Krishna Developers and highlight important insights for potential buyers considering investments with them.

Legal Case Overview

The builder has encountered a total of 1 recorded complaint. The case details indicate that the developer was unable to fulfill their promise regarding site delivery, leading to a claim filed by a dissatisfied complainant.

Case Summary

• Complainant's Claim: The complainant sought a refund amounting to Rs. 6,29,100/- along with interest, stating that the builder failed to deliver the site as per agreed allotment.
• Builder's Response: Details of the builder's defense were not provided in the available case summary.
• Final Verdict: The adjudicating authority directed Shree Krishna Developers to refund the amount claimed along with interest, marking the builder’s loss in this case.

Analysis of Legal Performance

Common Factors in Lost Cases

• Delivery Failures: The case against Shree Krishna Developers highlights a failure to deliver the site as promised. This indicates a potential pattern of unmet commitments, which could be a significant concern for future customers.
• Consumer Satisfaction Issues: With a record of having lost 1 case and won none, this pattern suggests that clients may face challenges related to service delivery and fulfillment of agreements.

Performance in Won Cases

• Interestingly, there are no recorded cases won by the builder in the provided data. This could reflect overall weaknesses in project management or customer relations that may result in disputes.

Overall Assessment of Shree Krishna Developers and Promoters

The limited legal history of Shree Krishna Developers and Promoters raises some flags for potential buyers. With one case filed against them, which they lost, it suggests challenges in maintaining their commitments and responding to customer needs effectively.

Tips for Potential Buyers

• Conduct Due Diligence: Before purchasing, it’s essential to thoroughly research the builder’s track record. Look for feedback from previous customers and check for any legal disputes.
• Request Proof of Successful Deliverables: Ask for evidence of past project completions to gauge the builder's reliability.
• Understand Your Rights: Ensure you are aware of your rights as a buyer. Regulatory bodies often provide resources to aid homebuyers in such matters.
• Seek Experienced Legal Advice: Consider consulting with legal professionals who specialize in real estate to help navigate any purchase agreements.

General Tips for Selecting a Builder

• Evaluate Reputation: Check online reviews and ratings about the builder to get a sense of their reputation in the market.
• Assess Financial Stability: A financially stable builder is more likely to follow through on projects without delays.
• Review Contracts Thoroughly: Make sure to understand all terms outlined in contracts and agreements before signing.
• Inspect Completed Projects: If possible, visit completed projects to assess quality and adherence to timelines.

Conclusion

Investing with a builder like Shree Krishna Developers and Promoters requires careful consideration, especially in light of their current legal landscape. With their history of challenges in fulfilling promises, it’s vital for potential buyers to engage in comprehensive research and appropriate due diligence before making a purchasing decision.

Analysis of the cases filed against Shree Krishna Developers and Promoters, where the builder lost, reveals several key points across the documented disputes.

The primary theme observed in these cases is centered around Refund Claims due to Failure of Delivery. This involves situations where buyers sought refunds because the builder failed to deliver properties or sites as per the agreed-upon allotments. The claim made in the case exemplified this theme, where the complainant sought a refund of Rs. 6,29,100/- with interest after the builder was unable to deliver a site as promised.

Common reasons that prompted buyers to take legal action include the builder's inability to fulfill contractual obligations, particularly in relation to timely delivery of properties. Buyers in these cases typically contested the builder's failure to provide their promised sites, leading to claims for refunds and reimbursement of interest on their investments.

The builder's defense in these cases was inadequately presented, or not provided at all, which highlights a significant pattern: the lack of substantial evidence or valid reasons to counter the claims made by buyers. This exposes a potential systematic issue within the builder’s operations, concerning adherence to delivery timelines and contractual commitments.

The conclusion of these cases further illustrates the challenges faced by buyers when dealing with builders who do not meet their obligations. The Authority's decision to direct the builder to refund the claimed amount with interest serves as a case in point, indicating a legal recognition of the builder's failure and a commitment to protecting the rights of buyers.

Overall, this analysis underscores the importance of diligence and thorough research when selecting a builder, as well as ensuring that buyers are aware of their rights and remedies under the law.