CIN | Not Available |
---|---|
Year Established | Not Available |
Address | Not Available |
Company Status | Not Available |
Overall Case Outcomes
When considering a builder for your dream home or investment, it's essential to assess their track record in terms of complaints, legal matters, and overall reputation. This blog post focuses on Shree Unity Construction, a builder based in Gujarat, and outlines key insights from their legal history and current standing.
By approaching your builder selection process with caution and thoroughness, you can make a more informed decision and increase the chances of a successful project outcome. Always remember that a solid track record is integral to a reliable construction experience.
Yearly Trend for these Cases
Analysis of the cases filed against Shree Unity Construction that it lost reveals several key themes across the disputes. The cases primarily revolve around two main topics: regulatory compliance disputes and penalties for non-submission of required reports.
In terms of regulatory compliance, the builder faced challenges from the Gujarat Real Estate Regulatory Authority regarding their failure to submit quarterly reports on time. This reflects a broader pattern of non-compliance with regulatory requirements, which is a common theme in real estate disputes. The builder's defense—that the non-submission stemmed from ignorance of the law and the ill health of their chartered accountant—illustrates the frequent attribution of compliance failures to external factors rather than acknowledging systemic issues within the company.
The penalties imposed in these cases demonstrate the legal repercussions of non-compliance. Shree Unity Construction was fined Rs. 25,000, indicating that regulators are willing to enforce laws governing real estate transactions. This penalty serves as a warning to other builders about the importance of adhering to reporting requirements.
A pattern emerges from these summaries: the builder’s litigation often stems from contesting regulatory penalties or failing to meet reporting deadlines. Common triggers for these disputes include insufficient knowledge of the law, health issues affecting key personnel, and an inability to fulfill regulatory obligations. The builder’s losses in these cases typically result from their failure to comply with legal standards and their reliance on defenses that, while potentially sympathetic, do not meet the regulatory thresholds.
Overall, the analysis of Shree Unity Construction's cases underscores the importance of regulatory compliance in the real estate sector. Builders must prioritize timely reporting and ensure they are well-acquainted with the legal framework surrounding their operations. Failure to do so can result in legal penalties and damage to their reputation in the eyes of potential buyers.
No reviews for this builder yet. Be the first one to share your thoughts!