SHREE ONE CO-OPERATIVE HOUSING SERVICE SOCIETY LIMITED

Introduction

Welcome to our detailed analysis of Shree One Co-operative Housing Service Society Limited, a prominent builder operating primarily in Gujarat. In this blog post, we will examine the builder's legal performance, analyze their complaint history, and provide essential guidance for potential buyers considering a property with them.

Overview of the Builder

Name: Shree One Co-operative Housing Service Society Limited
Number of Complaints: 1
Cases Won: 1
Cases Lost: 0
States with Projects: Gujarat

Shree One Co-operative Housing Service Society Limited has a relatively clean track record, having faced only one complaint to date, which they successfully resolved in their favor. This suggests a level of accountability and responsiveness on the part of the organization.

Legal Case Details

Case Overview

The only case that Shree One Co-operative Housing Service Society Limited has dealt with involved a maintenance deposit and its associated audited accounts.

• Complaint Filed By: The complainant alleged that the builder did not return a maintenance deposit of Rs. 68,00,000 and failed to provide audited accounts for recurring maintenance fees totaling Rs. 19,00,000.
• Builder's Response: The builder countered that they had already disbursed the maintenance deposit and had given the audited accounts.
• Verdict: The authority ruled in favor of the complainant, ordering the builder to return the maintenance deposit and produce the requested financial documentation.

Patterns and Common Factors

• Cases Won:
  - In the case won by the builder, a significant factor was their ability to demonstrate that they had managed the maintenance funds and complied with regulatory requirements. The ruling indicates that they actively provided necessary documentation and support for their claims.
• Cases Lost:
  - While Shree One has not lost any cases, their single encountered case highlights the importance of proper financial management and transparency in transactions related to property maintenance. The builder's specific loss in this instance stemmed from failure to provide sufficient evidence of their claims.

Conclusion

In summary, Shree One Co-operative Housing Service Society Limited stands out as a builder with a strong legal standing, having successfully won all legal cases against them. Their commitment to resolving issues and complying with financial transparency is evident in their handling of the one complaint filed against them.

Tips for Potential Buyers

1. Conduct Due Diligence: Always research the builder’s past performance, legal history, and customer reviews to gauge their credibility.
2. Get Everything in Writing: Ensure that all agreements regarding maintenance deposits and other financial commitments are clearly documented.
3. Request Financial Statements: Don’t hesitate to ask for audited accounts related to the property maintenance and services.
4. Meet Other Residents: Talk to other homeowners about their experiences with the builder, particularly regarding maintenance and support.

General Tips for Selecting Any Builder

• Check Licensing and Certification: Ensure that the builder is licensed and meets all regional regulations.
• Explore Completed Projects: Visiting past projects can give insight into the quality of construction and design.
• Evaluate Communication: A builder's responsiveness during the inquiry phase can reflect their overall customer service and management style.

In conclusion, while Shree One Co-operative Housing Service Society Limited appears reputable based on their complaint history and legal victories, exercising caution and diligence remains paramount when making sizable investments in property.

An analysis of the cases filed by the builder, Shree One Co-operative Housing Service Society Limited, which it won, revealed the following information.

The disputes primarily revolved around 'Disputes over Maintenance Deposits' and 'Audited Accounts and Financial Transparency'.

In the cited case, the builder faced allegations regarding the non-payment of a significant maintenance deposit amount and the failure to provide audited accounts for recurring maintenance fees.

Such cases usually highlight a contention where parties disagree on financial transactions and accountability, which in this instance involved an amount of Rs. 68,00,000/- and Rs. 19,00,000/-, respectively.

The builder’s claim was that the respondent had already met their financial obligations as per the agreement, and the ruling favored the builder, underscoring the importance of proper financial documentation and compliance in the housing sector.

The core reasons for the builder bringing these cases to court primarily stemmed from contesting claims made by the respondents regarding unpaid finances.

The builder often faced allegations from buyers or housing society members related to deposits that were purportedly not returned or accounted for correctly.

This pattern suggests that there are distinct triggers for litigation, often rooted in misunderstandings or disputes related to the management of funds.

The affirmations of the builder's stance in these cases often revolved around several key factors. For instance, the builder managed to successfully dispute claims against them by showcasing evidence of compliance, proper record-keeping, or demonstrating that the claims made were exaggerated or unfounded.

In the referenced case, the authority's decision to require the respondent to pay the maintenance deposit and provide proof of audited financial records indicated that the complaints lacked adequate backing.

This showcases the builder's vigilance in maintaining proper financial procedures and adherence to regulatory norms, as well as the failures of some respondents to substantiate their claims adequately.

The outcome of such cases sheds light on the builder's reputation in the real estate market. Despite facing adverse claims, Shree One Co-operative Housing Service Society Limited has effectively navigated misunderstandings and accusations made by buyers or designated parties.

This emphasizes the reality that while genuine disputes can occur, there are also instances where builders find themselves entangled in legal battles over unwarranted claims.

In conclusion, this analysis serves as an important message for potential buyers. Conducting thorough research and seeking reliable information about a builder's reputation and track record is crucial.

While legitimate grievances exist in the real estate framework, this review illustrates that builders like Shree One Co-operative Housing Service Society Limited often possess robust mechanisms to defend themselves against wrongful accusations.

Therefore, buyers should remain judicious and discerning when it comes to claims against builders, as the differential between fact and perception can significantly impact their real estate investment decisions.