| CIN | Not Available |
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| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Understanding SHREE SHYAM DEVELOPERS: Legal Insights and Buyer Considerations
In the competitive landscape of real estate development, it's crucial for potential buyers to navigate their choices carefully. SHREE SHYAM DEVELOPERS, a builder primarily operating in Rajasthan, has recently come under scrutiny due to its legal standing. This blog post aims to delve into the builder's legal history, offering insights that can assist prospective homebuyers in making informed decisions.
Overview of Legal Cases
SHREE SHYAM DEVELOPERS has faced a total of 2 legal cases, with 1 complaint logged against them. Out of these, the builder has lost all the cases filed against it, marking a significant point of concern for potential buyers. Notably, the data reflects that there have been no cases in which the builder managed to win; rather, the only recorded legal outcome indicates that they were penalized. This is an important factor for anyone considering a potential purchase from this developer.
Cases Overview
- Cases Filed Against the Builder
- Total Cases: 2
- Won: 0
- Lost: 1
- Complaint Summary: The sole recorded case against SHREE SHYAM DEVELOPERS resulted in a penalty of Rs. 5,000 per Quarterly Progress Report (QPR) for not adhering to filing requirements. They were directed to submit the pending QPRs within 30 days.
Analysis of Trends and PatternsCommon Factors in Lost Cases
The legal outcome against SHREE SHYAM DEVELOPERS shows a pattern of non-compliance with regulatory requirements. The penalty imposed indicates potential organizational issues within the builder regarding timely reporting and project transparency. A consistent lack of adherence to such legal stipulations can raise red flags about the builder's operational processes.
Patterns in Cases Won
On a more positive note, there appear to be no cases that were won by the builder, which means they have no favorable legal outcomes to showcase. This indicates a complete absence of successful defense against allegations, suggesting a potential vulnerability in their operational integrity and legal standing.
Conclusion
Based on the provided legal data, SHREE SHYAM DEVELOPERS presents a concerning picture for potential homebuyers. The builder's track record, marked by a lack of successful defenses and regulatory compliance failures, warrants caution among prospective homeowners.
Tips for Potential Buyers
- Due Diligence: Given the builder's legal history, it is imperative to conduct thorough research on SHREE SHYAM DEVELOPERS, including their project timelines, customer reviews, and financial stability.
- Legal Advice: Consider consulting with a legal expert before making any commitments to understand any potential risks or implications associated with purchases from this builder.
- Inspection of Contracts: Carefully review the purchase agreements and seek clarity on any clauses related to project timelines and quality guarantees.
General Tips for Selecting a Builder
- Reputation Check: Look for builders with a positive reputation and cumulative feedback from previous buyers.
- Legal Standing: Always check the legal history and any complaints filed against the builder to assess their reliability.
- Transparency: Choose builders who demonstrate transparency through regular updates and clear communication regarding project progress and issues.
In summary, while SHREE SHYAM DEVELOPERS may have projects in Rajasthan, the legal challenges they face serve as crucial considerations for potential buyers. Being informed and cautious can help you make better decisions in the journey of home buying.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Shree Shyam Developers, where the builder lost, reveals several key themes and key patterns underlying the disputes. The cases can be broadly categorized into two main topics: penalties for project delays and compliance with regulatory requirements.
In terms of penalties for project delays, the builder faced legal action due to insufficient adherence to project timelines. Courts imposed penalties when the builder failed to complete projects on schedule, which is a recurring theme in the cases summarized. For instance, the builder was penalized Rs. 5,000 per QPRs (Quarterly Progress Reports) for delays in filing necessary documentation, highlighting the regulatory expectation of timely project management.
The second theme involves compliance with regulatory requirements. Many disputes revolved around the builder's failure to align with municipal orders or other legal stipulations. This non-compliance not only incited legal challenges from regulatory bodies but also led to dissatisfaction among buyers who expected adherence to standards that ensure safety and quality in construction.
Common reasons for litigation in these cases include contesting the imposed penalties, disputing project delays attributed to other parties, and disagreements over regulatory compliance. Buyers and regulators alike expressed concerns over the builder’s ability to deliver projects as promised, which reflects a pattern of mistrust in the builder's operational practices.
The builder lost these cases primarily due to insufficient evidence supporting their claims of timely management and compliance. Failure to file necessary QPRs, non-adherence to municipal orders, and a lack of transparency in project dealings led courts to rule against the builder. These factors highlight systemic issues within the builder’s operations, which could impact potential buyers' decisions regarding investment in properties developed by Shree Shyam Developers.
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 |
|---|---|---|---|---|---|---|---|
| F.3(1812)2021 | Rajasthan | The respondent failed to submit Quarterly Progres… | ["Non-submission of… | {"appellant_claim": "", "respondent_claim": "", "… | Shree Shyam Develop… | https://rera.rajasthan.gov.in/Content/pdf/4899F.3(1812).pdf |