| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Understanding SHREERAM DEVELOPERS: A Review of Performance and Consumer Insights
In the competitive landscape of real estate development, the reputation and performance of builders are crucial for potential homebuyers. In this blog post, we will delve into SHREERAM DEVELOPERS, a builder operating primarily in Gujarat. We will examine their legal track record and analyze key factors that prospective buyers should consider.
Legal History of SHREERAM DEVELOPERS
Overview of Complaints and Legal Cases
SHREERAM DEVELOPERS has faced a total of one legal complaint, which they have lost. This highlights a significant aspect of their operation, marking them as a builder with a troubled legal standing related to project management and compliance with regulations.
Case Details
In the case filed against SHREERAM DEVELOPERS, the appellant alleged that the builder failed to submit quarterly reports and an application for an extension of time for project registration. This failure was seen as a violation of the Real Estate (Regulation and Development) Act (RERA) and its associated rules.
SHREERAM DEVELOPERS responded by expressing that they were unaware of the legal requirements and did not intend any wrongdoing. They showed remorse for the oversight, requesting leniency rather than facing penalties. The Authority, however, imposed a fine of Rs. 50,000 on the builder and mandated timely future submissions of required documents.
Analysis of Legal Cases
Patterns in Cases Lost
The lone case that SHREERAM DEVELOPERS lost indicates a potential lack of diligence when it comes to understanding and adhering to regulatory requirements. The primary factor leading to their loss was not just the failure to submit necessary reports, but also an apparent lack of awareness of compliance obligations under RERA.
Patterns in Cases Won
Conversely, although SHREERAM DEVELOPERS has a win on record, it is essential to note that the case was characterized by a fine rather than a complete victory. The outcome indicated that while they did not completely win the case, they avoided severe penalties. Their willingness to accept responsibility and express regret may have alleviated the consequences but does not reflect positively on their overall operational integrity.
Conclusion: Assessing SHREERAM DEVELOPERS
Based on the available data, SHREERAM DEVELOPERS presents a mixed outlook for potential buyers. The builder's single legal complaint resulting in a loss raises red flags about their commitment to regulatory compliance and transparency. While the expression of regret might suggest a desire to improve, the lack of prior knowledge of crucial laws is concerning and could indicate inadequate operational practices.
Tips for Potential Buyers
- Due Diligence: Conduct thorough research into any builder's legal history before making a purchase. Investigate not only complaints but also how those complaints were resolved.
- Verify Compliance: Ensure that the builder adheres to local regulations and deadlines, particularly in relation to RERA compliance. This can mitigate future issues related to project authorization.
- Seek Reviews and Testimonials: Look for feedback from previous buyers. Their experiences can provide insight into the builder's trustworthiness and the quality of their work.
General Tips for Choosing a Builder
- Check Credentials: Verify that the builder is registered with appropriate regulatory bodies and has a good standing within the industry.
- Assess Project Offerings: Evaluate the types of projects they have delivered in the past, ensuring that their work aligns with your needs.
- Consider Financial Stability: A financially sound builder is more likely to complete projects on time and deliver on their promises.
In summary, while SHREERAM DEVELOPERS operates within Gujarat, potential buyers should approach with caution due to their legal history. Engaging in thorough groundwork is essential for making informed decisions in the real estate market.
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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 Shreeram Developers, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues primarily related to the builder's adherence to the Real Estate Regulatory Authority (RERA) Act and associated rules, as well as penalties incurred due to project delays and the failure to furnish required documentation on time.
The predominant theme in these cases revolves around the builder's non-compliance with the RERA Act. This is evident in the appellant's claim that the builder did not submit the necessary quarterly reports nor did they apply for an extension of time for project registration as mandated by the provisions of the RERA Act. Instead of contesting the factual basis of the claims, the builder expressed regret and indicated a lack of awareness regarding their obligations under the law.
People commonly bring cases against builders to contest penalties that they believe are unfair or to dispute project delays attributed to other parties. In the case of Shreeram Developers, the penalty of Rs. 50,000 demonstrates a growing trend where builders are being held accountable for their failure to comply with regulatory requirements. The builder's unconditional regret suggests a pattern of behavior where builders may not fully understand their legal obligations, leading to repeated violations.
The reason Shreeram Developers lost this case primarily stems from their admitted non-compliance with the RERA Act and Rules. The builder's failure to submit mandatory reports on time directly resulted in the penalty. This highlights a significant concern in the real estate sector where the lack of compliance not only incurs financial costs for builders but can also lead to delays in project completions, ultimately affecting buyers.
In conclusion, the analysis of the cases against Shreeram Developers serves as a cautionary tale for builders about the importance of adhering to the RERA Act and its governing rules. It also raises awareness among prospective buyers to investigate a builder's history with RERA and other regulatory bodies before making any purchase decisions.
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 |
|---|---|---|---|---|---|---|---|
| NcgR-53/2018 | Gujarat | The Gujarat Real Estate Regulatory Authority file… | ["Non-compliance wi… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Shree Ram Developers | https://drive.google.com/uc?id=11_EqVM8u6vS6uJS7xtfIpDbhbSkpRBXZ |