SHREE RANG CORPORATION

An In-depth Look at SHREE RANG CORPORATION: Understanding the Builder's Record

When considering purchasing a property, understanding the reputation and legal background of a builder can be crucial. In this post, we delve into the performance of SHREE RANG CORPORATION, a builder based in Gujarat, and shed light on their legal challenges and overall standing in the real estate market.

Overview of SHREE RANG CORPORATION

• Location: Gujarat
• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

SHREE RANG CORPORATION has relatively limited interaction with legal disputes. However, it has faced scrutiny that potential buyers must consider before making a decision.

Analysis of Legal Cases

Cases Lost

The only legal case recorded against SHREE RANG CORPORATION resulted in a loss for the builder. The case was particularly focused on advertising practices:

• Summary of the Case:
  • The appellant argued that SHREE RANG CORPORATION had violated the Real Estate (Regulation and Development) Act, 2016. The complaint centered on the failure to display the mandatory RERA website in their advertisements.
  • The builder conceded that there was a defect in their advertisement but claimed that this violation was not willful. Ultimately, the Authority ruled against them, imposing a fine of Rs. 2 lakhs.
• Pattern in Lost Cases:
  • Compliance Issues: The builder faced consequences related to regulatory compliance, emphasizing the importance for builders to adhere strictly to advertising standards and regulations.

Cases Won

Interestingly, there are no documented cases won by SHREE RANG CORPORATION. This limited record presents a singular narrative focused on their compliance failures, further stressing the need for potential buyers to exercise caution.

Conclusion

Overall, SHREE RANG CORPORATION presents a mixed but slightly concerning profile. The lone case they lost concerning advertising compliance suggests potential issues with regulatory adherence that may reflect broader operational practices.

Tips for Potential Buyers

• Review Legal History: Always check a builder’s legal history. In the case of SHREE RANG CORPORATION, the presence of a complaint even if just one, indicates there may be underlying issues to consider.
• Scrutinize Advertising Claims: Ensure that the builder’s advertisements comply with all local regulations, including RERA guidelines.
• Seek Feedback: Look for reviews or testimonials from past clients to understand their experiences with the builder.

General Tips for Selecting a Builder

1. Check Credentials: Always verify the licenses and registrations of the builder with local real estate authorities.
2. Visit Previous Projects: Inspect completed projects to assess quality and adherence to timelines.
3. Assess Financial Stability: A builder’s financial health can influence project delivery.
4. Understand Warranty Terms: Inquire about the warranties provided on the property after purchase.

In conclusion, while SHREE RANG CORPORATION has some notable aspects, the legal issues surrounding compliance raise questions that prospective buyers should thoroughly evaluate. Choosing the right builder is a significant decision, and buyers should equip themselves with all necessary information to ensure a satisfactory and secure investment.

Analysis of the cases filed against Shree Rang Corporation, where the builder lost, reveals several key points across the spectrum of legal disputes associated with real estate transactions and compliance.

The cases against Shree Rang Corporation predominantly revolve around two main themes: regulatory non-compliance and violations of the Real Estate (Regulation and Development) Act, 2016 (RERA). In the highlighted case, the builder was found to have violated the provisions of RERA by failing to display the RERA website in their advertisements. This points to a broader pattern of neglecting regulatory obligations which is a common trigger for legal action in the real estate sector.

People commonly bring cases against builders to contest what they perceive as breaches of statutory duties or regulations. In the case of Shree Rang Corporation, the appellant highlighted an important regulatory requirement that serves to inform potential buyers about their rights and the builder's obligations under RERA. The builder’s defense—that the violation was not willful and that they accepted the defect—indicates a pattern where builders may not prioritize compliance, often leading to similar cases arising from negligence rather than malice.

The reason Shree Rang Corporation lost this case likely stems from their failure to adhere to clear regulatory requirements. The imposition of a fine shows that the Authority takes violations of RERA seriously, and builders can expect legal consequences when they do not fulfill their obligations. This case underscores the importance for builders to ensure compliance with RERA and other relevant laws to avoid legal ramifications.