SHRI KRISH REALTY

Introduction

In the world of real estate, the reputation of a builder can significantly influence a buyer's decision. One such builder, Shri Krish Realty, has raised eyebrows due to a few concerning legal issues. In this blog post, we will delve into the builder's track record, analyze the complaints filed against them, and provide essential tips for potential buyers.

Overview of Shri Krish Realty

Shri Krish Realty operates exclusively in Gujarat, where they have undertaken various projects. However, their legal challenges have raised questions about their operational integrity, as indicated by two complaints filed against them, with zero cases won, and two losses. This paints a troubling picture for prospective homebuyers.

Legal Case Details

Let's take a closer look at the specific cases involving Shri Krish Realty:

1. Case 1: The complainant alleged that despite paying Rs. 25,00,000, the builder failed to deliver possession of the duplex and register the sale deed. The builder countered this claim by stating that construction was complete, and the occupation certificate had been obtained, but the complainant still owed Rs. 15,00,000.
   • Verdict: The authority ruled in favor of the complainant, ordering the builder to hand over possession and register the deed while also clarifying the payment situation.
2. Case 2: Here, the appellant claimed that the builder did not submit required quarterly reports for their project "Sukhdham Residency." The builder defended themselves, asserting that the submissions were indeed made, although the appellant disputed this.
   • Verdict: The builder was fined Rs. 40,000 for failing to submit the quarterly reports as mandated by law.

Analysis of Legal Patterns

Cases Lost:

The builder's losses highlight a couple of persistent issues:

• Failure in Timely Execution: In both cases, Shri Krish Realty seemed to struggle with fulfilling its commitments, either in delivering possession of the property or complying with reporting requirements.
• Financial Disputes: A frequent theme was the conflict over financial aspects, with the builder often citing incomplete payments as a defense against claims.

Cases Won:

While the builder has zero wins recorded, it's crucial to note that even in the cases they lost, they were able to articulate defenses revolving around technicalities—such as the claim of completed construction or alleged financial discrepancies that were not properly resolved.

Conclusion

Overall, Shri Krish Realty's track record raises several red flags. Two lost cases with a pattern of incomplete compliance and financial disputes create a concerning image for potential buyers.

Tips for Potential Buyers

1. Research Thoroughly: Look into a builder's history and legal disputes before making any commitments. Websites about consumer reviews and legal records can provide valuable insights.
2. Demand Clear Contracts: Ensure that all verbal agreements are documented clearly in the contract before signing. This includes delivery timelines, payment schedules, and penalties for delays.
3. Consult with Experts: Seek advice from real estate experts or legal counsel to understand the implications of any issues related to a builder.

General Tips for Selecting Any Builder

• Track Record: Always consider a builder's past projects and customer feedback.
• Transparency: Opt for builders who are transparent about their projects, processes, and any associated risks.
• Legal Compliance: Check if the builder adheres to local laws and regulations to ensure you avoid potential future issues.

By heeding these guidelines, buyers can make informed decisions and mitigate risks when engaging with builders like Shri Krish Realty.

Analysis of the cases filed against Shri Krish Realty, where the builder lost, revealed significant insights into their business practices and legal disputes. The cases can be broadly categorized into two themes: Delayed Possession Claims and Non-compliance with Municipal Orders.

The first type of cases primarily involves claims made by buyers regarding delayed possession of properties. In one prominent case, the complainant alleged that despite paying Rs. 25,00,000, the builder had not handed over possession of the duplex or registered the sale deed. The builder's defense centered around a counter claim of unpaid dues, asserting that the buyer owed an additional Rs. 15,00,000. However, the authority ruled in favor of the complainant, mandating the builder to fulfill their obligations within a two-month timeframe. This pattern indicates a common trigger for litigation in delayed possession cases, often revolving around disputes over payment and project completion.

The second theme, Non-compliance with Municipal Orders, is highlighted by a case where the builder was fined for failing to submit required quarterly reports on their project 'Sukhdham Residency.' The builder's claim of having submitted the reports was disputed by the appellant, leading to a determination of non-compliance and a financial penalty of Rs. 40,000. This case illustrates a growing concern among buyers and regulatory bodies regarding transparency and compliance in real estate projects.

A closer examination of the outcomes reveals common reasons for the builder's losses. Notably, the builder's tendency to deflect responsibility contributed significantly to their defeats. In the possession case, the builder's attempt to counterclaim unpaid dues did not mitigate their obligation to deliver timely possession. In the reporting case, the builder's denial of non-compliance was not supported with sufficient evidence, leading to the fine. These patterns suggest that Shri Krish Realty may have faced challenges related to adherence to timelines, regulatory requirements, and clear communication with buyers—factors that are crucial for success in the real estate sector.