| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Understanding Shree Rangam Homes: A Comprehensive Overview
Shree Rangam Homes is a builder operating in the state of Gujarat, where they have made a name for themselves in the realm of real estate. However, with a track record of only one complaint and a case lost in the court, it is essential for potential buyers to delve deeper into the builder’s reputation and reliability.
Legal Case Overview
In terms of legal challenges, Shree Rangam Homes has faced one case, and unfortunately, they lost this particular case. The details of the case shed light on some critical issues regarding their management and adherence to regulations.
Details of the Legal Case
The case arose when the builder claimed to have completed a project before the deadline. However, the builder had not submitted the necessary final report due to a lack of permission from the Building Unit (BU). On the other hand, the authority claimed the builder violated the provisions of the RERA (Real Estate Regulatory Authority) Act and its corresponding rules by failing to submit the final report in the allotted time. The court found in favor of the authority, leading to a fine of Rs. 10,000 for the builder, along with a directive to submit the final report by December 31, 2023.
Patterns in Legal Challenges
Cases Lost
From the single case that Shree Rangam Homes lost, we can identify a pattern concerning regulatory adherence. The case illustrated the importance of complying with the deadlines and stipulations set out by regulatory bodies. Ignoring these requirements can lead to significant repercussions, both financially and reputationally. The implication here is clear: timely submission of necessary documentation and obtaining pertinent permissions is crucial in the real estate industry.
Cases Won
Notably, Shree Rangam Homes has no record of winning legal cases, which could be a point of concern for potential buyers. It raises questions regarding their management practices and legal strategies when dealing with regulatory authorities.
Conclusion
In conclusion, Shree Rangam Homes presents a mixed profile. The single complaint and the lost legal case indicate potential red flags, especially regarding compliance with the RERA Act. While they are operational in Gujarat, potential buyers should approach with caution.
Tips for Potential Buyers
- Research and Due Diligence: Always investigate the builder's track record. With Shree Rangam Homes having a lost legal case, it is wise to assess their project completions and compliance with legal obligations rigorously.
- Seek Professional Advice: Consult real estate professionals who can provide insights about the builder’s reputation within the marketplace.
- Review Contracts Thoroughly: Ensure all contract conditions are clear and protect your interests. Pay close attention to timelines regarding project completion and documentation.
General Tips for Selecting Any Builder
- Evaluate Reviews and Testimonials: Look for feedback from previous buyers. A good reputation can be an indicator of reliability.
- Check Licensing and Registration: Make sure the builder is registered and authorized to operate under the relevant regulatory frameworks.
- Visit Completed Projects: If possible, visit existing projects to see the quality of work firsthand.
- Understand Payment Structures: Be clear about the payment timeline and conditions of payments. Avoid builders with rigid payment terms that don’t offer buyer protection.
By keeping these factors in mind, you can make an informed decision when considering investments in real estate, ensuring that your purchase is sound and aligned with your expectations.
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Here you’ll find cases where the builder sued others but didn’t win. We’ve included a simple summary and key takeaways from each case.
The analysis of the cases filed by Shree Rangam Homes, in which they lost, revealed several insights regarding common themes and disputes they faced.
One predominant issue identified was Regulatory Non-compliance. In such cases, the builder was often at odds with authorities for failing to adhere to the regulatory requirements set forth under the Real Estate (Regulation and Development) Act (RERA). This non-compliance typically resulted in penalties against them, as they neglected to complete essential documentation, such as submitting final reports in a timely manner.
Another recurring theme was Penalties for Administrative Fines, evident from scenarios where the builder was penalized for not fulfilling their legal obligations. The authority's decision to fine the builder Rs. 10,000 highlights a systemic issue related to frivolous litigation stemming from internal mismanagement rather than legitimate disputes. The cases showcased that Shree Rangam Homes often contested these fines in court, arguing either delayed reporting or other procedural complexities, yet it became clear that the foundation for these disputes was rooted in the builder’s negligence in following through with necessary regulations.
The builder also experienced significant challenges related to Disputes Over Project Reporting, especially in incidents where they claimed to have completed projects on time, but ultimately failed to back these claims with the requisite documentation as stipulated by regulatory bodies. The absence of a final report during critical timelines was a common trigger for their legal battles. This suggests a deeper issue of project management or oversight within the company’s framework, leading to avoidable conflicts.
The overarching reasons behind Shree Rangam Homes' legal challenges primarily stemmed from a tendency to contest penalties and assert claims with insufficient supporting evidence. Their arguments largely revolved around disputes over responsibility for project delays and perceived misunderstandings regarding land classification or project completion criteria. However, these defenses frequently fell short primarily due to a lack of rigorous adherence to legal processes and an insufficient demonstration of compliance with required regulations.
In essence, the common reasons for the builder's losses in these cases highlight critical areas for improvement: the necessity for robust documentation practices, a thorough understanding of compliance requirements, and a proactive approach to project management to mitigate future disputes and ensure smoother interactions with regulatory bodies.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| GJ/CMP/NCQR/Vadodar… | Gujarat | The promoter, Shree Rangam Homes, was fined Rs. 1… | ["Non-submission of… | {"appellant_claim": "The promoter claimed that th… | Shree Rangam Homes | https://drive.google.com/uc?id=1lQEZTPsYuGXvaNPGR0VQ0KuWTkhVGyKh |