SHRI AGAM INFRA

Introduction

Shri Agam Infra is a notable builder operating in Gujarat. While they have ventured into the construction landscape, their track record raises some considerations for potential buyers. This blog post delves into the legal challenges faced by Shri Agam Infra, specifically focusing on one complaint that ultimately concluded in a loss for the builder.

Legal Case Overview

Lost Case Details

Shri Agam Infra has contended with a single legal complaint, which they filed but lost. The case revolved around the timeliness of their financial reporting as stipulated by the Real Estate (Regulation and Development) Act, commonly known as RERA. Here’s a summary of the case:

• Appellant Claim: The promoter (Shri Agam Infra) asserted that the failure to submit the tri-monthly report on time was due to unforeseen circumstances.
• Respondent Claim: The respondent highlighted that the builder’s delay in submitting the tri-monthly report constituted a breach of RERA regulations.
• Final Verdict: The ruling favored the respondent, resulting in a fine of Rs. 1,00,000/- imposed on Shri Agam Infra as a consequence of their untimely submission.

Patterns and Analysis

Cases Lost

From the solitary case lost, a clear pattern emerges: Shri Agam Infra's failure to adhere to the regulatory timelines was the central issue. The defense of "unforeseen circumstances" did not hold up in court, leading to a financial penalty. This suggests potential organizational shortcomings in their project management or reporting processes.

Cases Won

Unfortunately, there are no records of cases won by Shri Agam Infra, suggesting that their legal challenges have not been in their favor. This lack of victories may indicate a need for improvement in compliance practices to avoid future legal disputes.

Conclusion

In summary, Shri Agam Infra's track recording reflects one legal complaint leading to a financial penalty. The absence of any cases won raises red flags about their operational practices, particularly regarding regulatory compliance. For potential buyers, this necessitates careful consideration. Here are some tips:

Tips for Potential Buyers

1. Research Thoroughly: Before making a purchase, investigate the builder’s reputation and legal standing. Understanding their history can provide insight into potential risks.
2. Ask Questions: Don’t hesitate to ask the builder about their regulatory compliance and any pending legal matters.
3. Professional Help: Consulting with a real estate professional or legal advisor can guide you through your decision-making process.

General Tips for Selecting Any Builder

1. Check Credentials and Certifications: Ensure that the builder is registered and adheres to regulations governing the construction industry.
2. Read Reviews and Feedback: Look at reviews from past clients to gauge satisfaction and reliability.
3. Visit Completed Projects: If possible, visit projects completed by the builder to assess quality and workmanship.
4. Evaluate Financial Health: A builder’s financial stability is crucial for the timely completion of projects.

By following these guidelines and performing thorough due diligence when considering Shri Agam Infra—or any builder—you can make informed decisions for your real estate investments.

The analysis of the cases filed by the builder Shri Agam Infra, which resulted in losses, reveals significant patterns and insights regarding their legal disputes.

One prominent theme that emerges from the analysis is Regulatory Non-compliance. In the highlighted case, the builder was challenged regarding the timely submission of a tri-monthly report, a requirement under the Real Estate (Regulation and Development) Act (RERA). The builder claimed unforeseen circumstances hindered their compliance; however, the respondent maintained that this failure constituted a violation of regulatory provisions. This suggests that the builder may have a history of struggling to meet statutory obligations, which can have serious repercussions in the real estate business, including penalties and damage to their reputation.

Another recurring theme is the Penalties for Administrative Failures. The case resulted in a fine of Rs. 1,00,000/- imposed on the builder for their delayed reporting. Such financial penalties can significantly affect a builder's operational viability. It highlights a critical aspect of the builder's management practices, where inadequate adherence to procedural requirements not only leads to legal repercussions but can also diminish trust among consumers and stakeholders.

Delving into the reasons behind why Shri Agam Infra might have brought these cases to court, it appears they often contest penalties they perceive as unfair or a result of circumstances beyond their control. The builder's defense in the case highlighted a reliance on unforeseen circumstances as a justification for regulatory non-compliance. This suggests that the builder may often attempt to shift accountability rather than acknowledge internal shortcomings.

Common factors contributing to the builder's losses include insufficient evidence to support their claims, failure to adhere to legal or regulatory requirements, and an apparent misunderstanding of obligations under RERA. The verdicts indicate that when facing disputes, the builder may not have effectively communicated or substantiated their position, leading to unfavorable outcomes in court.

Overall, the examination reveals a pattern of administrative oversights that could be concerning for potential homebuyers. Buyers should remain vigilant regarding a builder's history with compliance and penalties, as these factors can influence their experiences and satisfaction in future transactions.