SHREE MAYAVANSHI HOUSING CO. LIMITED

Introduction

When it comes to real estate development, potential buyers often seek comprehensive information about builders to ensure their investments are sound. In this blog post, we will explore Shree Mayavanshi Housing Co. Limited, a builder based in Gujarat, to understand their legal track record and what it means for potential homebuyers.

Builder Overview

Name: Shree Mayavanshi Housing Co. Limited
Location: Gujarat
Complaints: 1
Cases Won: 0
Cases Lost: 1

Shree Mayavanshi Housing Co. Limited has a minimal number of complaints filed against them, but the fact that they have lost all legal cases does raise some concerns that we will explore further.

Legal Case Analysis

Cases Won

Interestingly, despite having one case filed against them where they claimed to have won, it's crucial to analyze the nature of this victory.

• In the case, the appellant accused the builder of not submitting the final report on the completion of their project within the specified timeframe as mandated by the Real Estate (Regulation and Development) Act (RERA).
• Shree Mayavanshi Housing claimed that they completed the work for certain blocks but had pending work for others.
• The authority imposed a penalty of Rs. 20,000 on them for their failure to comply with regulations, which reflects accountability but not exactly a win in favor of the builder in the conventional sense.

Cases Lost

The builder has lost one significant case, which underscores some potential issues:

• Violation of RERA Guidelines: The loss, associated with project timeline commitments, indicates a failure to adhere to RERA regulations, which can erode trust among buyers.
• Pending Work: The incomplete status of project blocks can be concerning for buyers who expect timely deliveries and completion of promised amenities.

Common Patterns Identified

Based on the provided data:

• Cases Lost: The key pattern is the failure to meet regulatory standards concerning project completion and timely reports. Homebuyers must be cognizant of this trend, as it reflects on the builder's reliability.
• Cases Won: The win does not signify a clean slate but rather a technicality with penalties, suggesting that while the builder meets some requirements, they have struggled with full compliance and customer satisfaction.

Conclusion

The legal track record of Shree Mayavanshi Housing Co. Limited reveals significant red flags for potential buyers. A single complaint and a case lost due to regulatory non-compliance suggest that there may be underlying issues with project management and delivery timelines. For buyers considering this builder, it's vital to approach with caution.

Tips for Potential Buyers

• Research Thoroughly: Look into past projects and customer reviews to gauge satisfaction levels and track record.
• Check RERA Compliance: Ensure that the builder adheres to RERA guidelines. Ask for verification of necessary documents regarding project timelines and completion.
• Request Clarity on Status of Projects: Specifically inquire about any pending work and timelines for completion.
• Consult Legal Advisors: Before making any commitments, consulting with legal professionals regarding the builder’s reputation can provide additional insights.

General Tips for Choosing a Builder

1. Verify Credentials: Always check the builder’s licenses and registrations to ensure they are legitimate.
2. Explore Past Work: Visit completed projects and speak to homeowners about their experiences.
3. Look for Transparency: A good builder will have no issues providing clear, detailed information on contracts, timelines, and costs.
4. Evaluate Financial Stability: Assess the builder’s financial background to ensure they are capable of completing your project without undue delays.
5. Understand Warranty and Maintenance: Know the warranty terms for construction and what maintenance services are included post-purchase.

In summary, while Shree Mayavanshi Housing Co. Limited operates in Gujarat with a limited complaints history, potential buyers should carefully consider their legal challenges and seek transparency before proceeding.

Analysis of the cases filed against Shree Mayavanshi Housing Co. Limited, where the builder lost, revealed several key themes across the disputes. The cases primarily revolved around penalties for delays, regulatory non-compliance, and disputes over project completion reporting.

The builder faced penalties due to a failure to submit the final project completion report within the stipulated timeframe as mandated by the RERA Act. This highlights a pattern where builders may face legal repercussions due to insufficient adherence to regulatory requirements. In this case, the authority imposed a penalty of Rs. 20,000, demonstrating the legal system's emphasis on timely reporting in the real estate sector.

A common reason for litigation in these cases was the builder's defense of project delays attributed to various factors. Here, the builder claimed that while certain blocks ('A' and 'B') were completed and received occupancy permission, work on 'C' block was still pending. This indicates a frequent point of contention: builders often dispute delay penalties by arguing that completed portions of a project should be considered separately from pending work.

The underlying reason for the builder's loss in these cases was rooted in non-compliance with the RERA Act's reporting requirements. The builder’s failure to furnish the necessary documentation on time resulted in the imposed penalty, showcasing the importance of regulatory adherence in avoiding legal costs and disputes.

In summary, the cases against Shree Mayavanshi Housing Co. Limited serve as a reminder to potential buyers about the importance of scrutinizing a builder's legal history and compliance with local regulations. Buyers should consider these factors when making informed decisions in the real estate market to avoid future complications.