| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the real estate market, the reputation and track record of builders can greatly influence buyers' decisions. Today, we will delve into the case history of SHRI BALAJI DEVELOPERS, a builder active in Chhattisgarh. By analyzing their legal disputes, we aim to provide potential buyers with insights and advice that can assist them in making informed choices.
Overview of SHRI BALAJI DEVELOPERS
SHRI BALAJI DEVELOPERS has garnered a reputation in the real estate sector, with one notable complaint filed against them. Our analysis focuses on this single legal case, examining the outcomes and any implications it may have for interested buyers.
Legal Case Details
SHRI BALAJI DEVELOPERS faced one legal case, which they ultimately lost. This dispute stemmed from claims that they had violated provisions of the Real Estate (Regulation and Development) Act, 2016, specifically regarding the completion certificate for their project known as 'Luxora & Edge'. The appellant alleged that the builder failed to submit this essential documentation, while the builder contended that the project was completed and the certificate had been issued by the necessary authority.
Summary of the Case:
- Appellant's Claim: Violation of the Real Estate (Regulation and Development) Act due to the non-submission of the completion certificate.
- Respondent's Claim: The completion certificate was validly received from the competent authority on 30.09.2027.
- Final Verdict: The Authority imposed a penalty of Rs. 4,000 on SHRI BALAJI DEVELOPERS, cautioning them against future violations.
Patterns in Case Outcomes
- Cases Lost: The loss in this case illustrates a potential issue regarding compliance with legal regulations and documentation. Buyers should be aware that the failure to provide necessary certificates can lead to legal challenges and penalties.
- Cases Won: SHRI BALAJI DEVELOPERS has not won any cases, indicating a trend that might warrant concern for potential buyers, as it suggests challenges in resolving disputes favorably for themselves.
Conclusion
Overall, the data on SHRI BALAJI DEVELOPERS presents a mixed picture for potential buyers. While the builder is active in the Chhattisgarh market, their legal history shows that they have faced compliance-related issues that resulted in a loss of credibility. The single complaint filed against them—and its outcome—serves as a red flag, emphasizing the importance of thorough due diligence by prospective homeowners.
Tips for Potential Buyers
- Do Your Research: Investigate the builder's past projects and customer reviews. Look for any patterns of complaints or legal issues.
- Verify Compliance: Ensure that all required legal documents, such as completion certificates, are in order before making a purchase.
- Consult with Professionals: Engage real estate professionals or legal advisors to help navigate any complexities regarding the builder’s reputation and compliance history.
General Tips for Selecting a Builder
- Assess Financial Stability: Choose a builder with a strong financial track record to mitigate risks during the buying process.
- Seek Recommendations: Gather references from previous buyers to gain insights into the builder’s reliability and quality of work.
- Understand the Project Timeline: Ensure that the builder has a realistic timeline for project completion, and keep open lines of communication throughout the process.
By equipping yourself with this knowledge and these tools, you can make a more informed and confident decision when considering SHRI BALAJI DEVELOPERS or any other real estate builder.
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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 Shri Balaji Developers, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory compliance disputes and project completion and certification issues.
The first type of dispute revolves around the builder's adherence to the Real Estate (Regulation and Development) Act, 2016. In one notable case, the appellant claimed that the builder had violated the provisions of the Act by not submitting the completion certificate for the project 'Luxora & Edge.' This highlights a pattern where cases are often brought to court due to the builder's failure to comply with regulatory requirements, which raises concerns about the accountability and transparency in their projects.
Common reasons for litigation in these cases include contesting penalties imposed for non-compliance and disputing the builder's claims of project completion. In the case mentioned, the builder contended that they had received the completion certificate, yet the Authority still imposed a penalty, indicating a potential miscommunication or misunderstanding of the regulatory framework.
The builder's losses in these cases primarily stem from insufficient evidence to support their claims of compliance and project completion. The imposition of penalties suggests that the builder failed to meet the required standards, which further emphasizes the need for buyers to be vigilant when engaging with builders who have a history of regulatory disputes.
Overall, these cases underscore the importance of thorough due diligence in the real estate market. Buyers should carefully consider a builder's reputation, track record with local authorities, and compliance with regulatory requirements before making any investment.