SHREM AANSAY REALTY LLP

Introduction

Shrem Aansay Realty LLP, primarily operating in Goa, is a builder that has recently garnered attention due to its legal encounters in the real estate sector. With a single complaint logged against them and a record of one case won and one lost, potential buyers may be eager to learn more about this builder's track record and what it signifies for future purchases.

Overview of Legal Encounters

Case Lost

One of the most significant details about Shrem Aansay Realty LLP is the single complaint that resulted in a loss for the builder. It highlights the challenges that some buyers face with possession timelines.

• Nature of the Case: The complainant alleged that the builder failed to deliver the apartment as per the agreed schedule, invoking Section 18(1) of the Real Estate (Regulation and Development) Act, 2016.
• Outcome: Despite the builder's defense that the complainant had entertained a settlement offer, the case concluded unfavorably for them, demonstrating a possible lapse in adherence to project schedules.

Case Won

Interestingly, Shrem Aansay Realty LLP was involved in a legal battle that resulted in a settlement rather than a clear win or loss, initially appearing as a successful defense.

• Settlement Details: The outcome led to a mutually reached agreement that included a refund totaling Rs. 87,58,521. This amount consisted of the principal along with interest—emphasizing that the builder's construction or delivery timelines may have influenced buyer decisions.

Analysis of Patterns in Cases

Case Lost Analysis

The lost case indicates a discrepancy in fulfilling project timelines. Buyers should be attentive to timelines and delivery promises made by the builder. This highlights a potential area of concern for prospective buyers who value timely possession of their investments.

Case Won Analysis

Conversely, the settled case may reveal that the builder is open to negotiation and strives to resolve conflicts amicably when faced with legal disputes. It suggests a willingness to engage with clients and rectify issues without prolonging the legal process, even if it does not reflect overall success in delivering properties on time.

Conclusion

Overall, Shrem Aansay Realty LLP's record presents a mixed bag for prospective buyers. While they have managed to settle their disputes, the single lost case raises questions regarding their ability to meet scheduled deadlines. Potential buyers should thoroughly evaluate timelines and scrutinize the terms offered before committing to any purchase with this builder.

Tips for Potential Buyers

• Inspect Contractual Agreements: Always ensure that you clearly understand timelines and the conditions associated with delivery and possession.
• Communication is Key: Maintain open lines of communication with the builder to address any concerns early, and understand their approach to resolving disputes.

General Tips for Selecting a Builder

1. Conduct Thorough Research: Always investigate a builder’s track record, including complaints and legal disputes.
2. Seek Recommendations: Gather opinions from past buyers to gauge the builder's reliability and service.
3. Verify Licenses and Registrations: Ensure the builder is licensed and adhering to local regulations to avoid complications in the future.
4. Consult with Legal Experts: Before signing any contracts, consider getting legal advice to protect your investment.

In summary, while Shrem Aansay Realty LLP presents certain appealing qualities, exercising caution and diligence remains essential before making any real estate commitment.

Analysis of the cases filed against Shrem Aansay Realty LLP, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Mutual Settlement Disputes.

The cases often revolved around the builder's failure to hand over possession of apartments within the agreed timeframe, prompting claims under Section 18(1) of the Real Estate (Regulation and Development) Act, 2016. This highlights a significant concern for buyers regarding the builder's reliability in meeting project timelines.

Common reasons for litigation included contesting delays, with buyers alleging that the builder had failed to adhere to the promised schedule. In some instances, the builder attempted to defend its position by claiming that buyers had agreed to mutual settlement offers. However, the outcomes suggest that the builder may not have fulfilled its obligations, leading to legal consequences.

The builder lost these cases primarily due to its inability to honor agreements and timelines. The mutual settlement in one case, which included a substantial refund payment of Rs. 87,58,521, indicates a failure on the builder's part to uphold contractual commitments, resulting in legal action that ultimately ended in a financial payout to the complainant.

Overall, this analysis underscores the importance for potential buyers to exercise caution when engaging with Shrem Aansay Realty LLP. Buyers should thoroughly review the builder's track record, particularly concerning possession timelines and legal disputes, before making any investment decisions.