| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the expansive world of real estate, selecting the right builder is crucial for ensuring a smooth property buying experience. Today, we delve into the track record of SHREEJI REALITY, a builder based in Gujarat, examining their complaints, legal disputes, and what potential buyers should keep in mind before investing.
Overview of SHREEJI REALITY
SHREEJI REALITY has garnered limited attention in terms of legal disputes, with one complaint filed against them. It is noteworthy that they have no cases won and one case lost, shedding light on their current reputation in the real estate market.
Legal Case Breakdown
The legal issues involving SHREEJI REALITY primarily revolve around their obligations under the Real Estate Regulatory Authority (RERA). In a single case where the promoter's claims were contested, SHREEJI REALITY argued that they had completed the project by the stipulated deadline and assembled the necessary society after completion. However, the authority imposed a penalty of Rs. 10,000 for failing to submit the required final report on the RERA web portal. This implies a failure to meet mandatory legal obligations, which can significantly impact buyer confidence.
Analysis of Legal Patterns
- Cases Lost: The single case lost highlights a significant aspect of the company’s service delivery—neglecting to comply with regulatory requirements. This suggests a pattern of overlooking administrative and compliance-related duties, which sheds doubt on their operational integrity.
- Cases Won: On the other hand, the builder did manage to challenge claims related to project deadlines successfully, indicating an understanding of timelines but failing to uphold documentation or compliance expectations.
Conclusion
SHREEJI REALITY, with its limited experience reflected in one legal complaint lost and a minor penalty, exhibits concerning patterns predominantly centered around regulatory compliance. For potential buyers, this underlines the importance of vigilance when considering properties developed by this builder.
Tips for Potential Buyers
- Conduct Thorough Research: Investigate any existing complaints or legal histories before committing. Sites focused on consumer feedback can help provide insights.
- Request Documentation: Ensure that all project documentation is in order, including approvals and completion reports, especially compliance with RERA regulations.
- Communicate with Previous Buyers: Engaging with current or past buyers can provide firsthand experience regarding the builder’s reliability and project delivery.
General Tips for Selecting a Builder
- Evaluate Their Track Record: Look for builders with a proven history of successful projects and satisfied clients.
- Understand the Legal Landscape: Familiarize yourself with the builder's legal standing to assess any underlying risks associated with your investment.
- Review Project Details Carefully: Analyze project timelines, quality of construction, and the builder’s commitment to customer service.
In summary, while SHREEJI REALITY is still operational in Gujarat, potential buyers should approach with caution, ensuring they are equipped with all necessary information before making any property purchase.
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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 Shreeji Reality, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around two main topics: penalties for non-compliance with regulatory requirements and disputes over claims of project completion.
In terms of penalties for non-compliance, the authority imposed a penalty of Rs. 10,000 on the promoter for failing to submit the final project report on the RERA web portal. This highlights a troubling trend where builders may neglect their obligations to maintain transparency and comply with crucial regulatory procedures. Such non-compliance not only incurs financial penalties but can also undermine trust among potential buyers.
The disputes over project completion claims involve the builder's assertion that a project was completed on time, whereas the formation of the society occurred afterward. This raises questions about the builder's understanding of the project's completion timeline and the obligations associated with it. It also signals to prospective buyers that there may be a lack of clarity in communication regarding project timelines and the expectations set during the purchase process.
Common reasons for litigation in these cases include contesting the aforementioned penalties and disputing claims of delay that the builder attributes to other parties. There is also a pattern of disagreements over project classification and the obligations enshrined within that classification. The builder’s losses in these cases can be attributed to several factors, most notably insufficient evidence to support their claims, failure to comply with legal and regulatory requirements, and a general misunderstanding of their obligations regarding transparency and timelines.
Overall, these findings suggest that buyers should exercise caution when considering Shreeji Reality for their real estate needs. It is critical to thoroughly investigate a builder's track record, including any legal disputes and outcomes, to ensure they are reliable and transparent.
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, Shreeji Reality, failed to submit t… | ["Non-submission of… | {"appellant_claim": "", "respondent_claim": "The … | Shreeji Reality | https://drive.google.com/uc?id=1U7_J4cj3NDd99XsWzhdpsrzr8cDkH1ND |