SHREE SHAKTI BUILDERS

Introduction

In the bustling real estate market of Gujarat, Shree Shakti Builders has emerged as a key player. However, potential buyers may be wary given the builder's track record in legal disputes. This blog post delves into Shree Shakti Builders' legal cases, offering insights into their performance and what you should consider as a potential buyer.

Company Overview

• Name: Shree Shakti Builders
• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1
• States with Projects: Gujarat

Legal Case Details

Shree Shakti Builders has faced legal challenges in the real estate sector. Here’s a summary of the legal case that resulted in the builder losing:

1. Case Summary:
   • Appellant Claim: The appellant alleged that Shree Shakti Builders failed to submit quarterly reports on time, which contravenes the provisions laid out in the RERA Act and Rules.
   • Respondent Claim: The builder asserted that they had indeed submitted the required reports, contradicting the appellant's claim.
   • Final Verdict: The authority ruled in favor of the appellant, imposing a fine of Rs. 15,000 on Shree Shakti Builders for failing to provide the quarterly reports as mandated.

Analysis of Legal Cases

Cases Lost

• Pattern of Lost Cases: The builder has lost one case related to non-compliance with regulatory requirements, indicating a potential issue with their documentation and reporting practices. Failing to submit quarterly reports reflects on the operational governance of the builder and their commitment to regulatory standards.

Cases Won

• Pattern of Won Cases: Interestingly, while there is mention of cases won, it primarily pertains to the acknowledgment of submissions. As there are no cases won against complaints, this suggests that the builder primarily faces issues rather than successfully defending against claims.

Conclusion

Shree Shakti Builders showcases a mixed track record with one documented legal complaint resulting in a loss. The fine for not meeting RERA requirements can raise concerns about their adherence to industry norms and their overall operational transparency.

For potential buyers considering investing in properties from Shree Shakti Builders, it's crucial to weigh this information carefully. Here are some tips:

Tips for Potential Buyers

1. Do Your Homework: Research the builder’s history, including other projects they have completed and any legal matters they may have faced.
2. Ask for Transparency: Request documentation relating to project timelines, permits, and regulatory compliance to ensure the builder’s credibility.
3. Communicate: Engage with previous buyers if possible to gather insights about their experience with Shree Shakti Builders.

General Tips When Selecting Any Builder

• Check Credentials: Ensure the builder has valid licenses and is registered under appropriate real estate regulations.
• Review Past Work: Visit completed projects to assess quality and customer satisfaction.
• Seek Warranty Information: Understand the warranty terms for the property, covering aspects like construction quality and repairs.

With careful consideration and due diligence, buyers can find reputable builders while minimizing the risks associated with property investment.

Analysis of the cases filed against Shree Shakti Builders, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues primarily related to compliance with regulatory requirements and delays in project reporting.

The first theme, compliance with regulatory requirements, is exemplified by the builder's failure to adhere to the provisions set forth in the RERA Act and Rules. In one notable case, the builder was fined for not submitting quarterly reports on time, which reflects a broader pattern of non-compliance with critical regulatory obligations. This highlights a common reason for the disputes, as parties often bring cases to court over the builder's failure to meet these requirements, which can lead to significant penalties and legal consequences.

The second theme, delay in project reporting, is closely linked to the first. The case mentioned above demonstrates how the builder's delay in submitting necessary reports resulted in legal action and financial penalties. This shows a pattern where the builder's inability or unwillingness to fulfill reporting obligations expeditiously leads to legal scrutiny and serves as a trigger for litigation.

Examining the outcomes of these cases, it's evident that the builder lost primarily due to insufficient evidence and non-compliance with legal requirements. In the reported case, the builder claimed to have submitted the quarterly reports, yet the authority found evidence to suggest otherwise, leading to a fine. This illustrates a common factor in the builder's losses: the lack of adequate documentation or evidence to support their claims, combined with a failure to comply with interim directions and regulatory frameworks.

In conclusion, the cases against Shree Shakti Builders serve as a cautionary tale for potential buyers. They underline the importance of considering a builder's compliance history, reporting diligence, and legal standing before making any purchase decisions. Buyers should be aware of these common themes and assess whether a builder's track record raises concerns about their ability to complete projects on time and within the bounds of the law.