SHRESHTA INFRA PROJECTS PRIVATE LIMITED

Introduction

In the realm of real estate, the credibility of a builder plays a crucial role in the decision-making process for potential buyers. One such entity in Karnataka is SHRESHTA INFRA PROJECTS PRIVATE LIMITED. This blog post delves into the builder's legal standings, analyzing the patterns in their cases and offering insights for potential buyers.

Overview of SHRESHTA INFRA PROJECTS PRIVATE LIMITED

SHRESHTA INFRA PROJECTS PRIVATE LIMITED has faced a total of 2 complaints, both of which resulted in losses for the builder. This track record raises concerns regarding the builder's reliability and adherence to contractual obligations in property dealings, especially in Karnataka, the only state where they currently undertake projects.

Legal Case Details

Let's take a closer look at the specifics of the legal cases filed against the builder:

1. Complaint Overview: Both cases revolved around similar claims from complainants, who stated they had made payments amounting to Rs. 45,717 and incurred registration charges. However, they alleged that the builder had failed to register the sale deed.
2. Builder's Defense: In defense, the builder claimed non-receipt of the complainants' payments, which justified their failure to register the sale deed.
3. Outcome of Cases: Ultimately, both cases were settled in Lok Adalat, allowing the complainants to agree to pay the stated amount, with the builder promising to register the sale deed within a specified period.

Patterns in Legal Outcomes

Cases Lost:

• Common Factor: The consistent theme in the cases lost by SHRESHTA INFRA PROJECTS revolves around issues of payment and registration. The claims were primarily about unregistered sale deeds despite payments made, indicating possible deficiencies in the builder's document management or transparency regarding financial transactions.

Cases Won:

• Common Factor: Interestingly, the cases that were settled also highlighted a pattern of mutual agreement rather than outright victories for the builder. The resolution in Lok Adalat suggested that while there were disputes, both parties were able to come to a conclusion. The builder managed to avoid further complications by reaching a settlement, which can be viewed as a strategy to mitigate damage to their reputation.

Overall Assessment

From the data presented, SHRESHTA INFRA PROJECTS PRIVATE LIMITED shows a concerning history of legal disputes, with no favorable outcomes to their name, and complete accountability in matters related to payment or registration. Such a profile could impact potential buyers’ trust in their capabilities to deliver on promises.

Tips for Potential Buyers

• Conduct Thorough Research: Before making any commitments, investigate the builder's track record. Look for customer reviews, previous legal cases, and overall reputation in the real estate domain.
• Seek Documentation: Always ensure you have proper documentation and know your legal rights. Check that all agreements regarding payments and registrations are clear and transparent.
• Consult Professionals: Enlist real estate professionals or legal advisors to assist in understanding the nuances of buying property and ensuring that your interests are safeguarded.

General Tips for Selecting Any Builder

1. Check Licensing and Registrations: Ensure that the builder has all necessary licenses and is registered with local authorities, confirming their legitimacy.
2. Review Past Projects: Examine previously completed projects by the builder to assess construction quality and adherence to timelines.
3. Ask for References: Engage with past clients to understand their experiences, pain points, and satisfaction levels with the builder's services.
4. Investigate Financial Stability: A builder's financial condition can indicate their capacity to complete projects on time; ensure they have a solid financial background.

Conclusion

In summary, while SHRESHTA INFRA PROJECTS PRIVATE LIMITED operates in Karnataka, the builder's legal challenges raise red flags for potential buyers. By being diligent in the research process and adhering to the provided tips, buyers can make informed decisions and safeguard their investments in real estate.