SHRI MARUTI ENTERPRISE PARTNERSHIP FIRM

Introduction

In the dynamic world of real estate, it is important for prospective buyers to evaluate builders carefully before making a commitment. This blog post delves into the particulars of Shri Maruti Enterprise Partnership Firm, a building entity based in Gujarat. We will examine their legal track record, the nature of disputes faced, and provide tips for potential buyers.

Company Overview

Shri Maruti Enterprise Partnership Firm has a presence in the real estate sector with projects primarily located in the state of Gujarat. However, the company has been under scrutiny due to its legal disputes, marking it as a builder that potential buyers should approach with caution.

Legal Proceedings and Outcomes

The builder has faced 1 complaint during its operations, with a concerning record of 0 cases won and 1 case lost. The solitary case focused on allegations that the builder failed to adhere to the regulatory requirements outlined in the Real Estate (Regulation and Development) Act, 2016.

Summary of the Legal Case

• Appellant's Claim: The appellant argued that Shri Maruti Enterprise did not register the project with RERA, leading to the absence of the RERA registration number and website in promotional materials.
• Respondent's Claim: The builder contended that the project was indeed registered with RERA and that they had provided the registration details in their prospectus.
• Final Verdict: The authority found the builder in violation and imposed a penalty of Rs. 1,25,000 on them for not complying with the regulatory requirements.

Analysis of Legal Patterns

Lost Case Insights

The case lost by Shri Maruti Enterprise highlights critical issues regarding transparency and regulatory compliance. The consistent theme evident in complaints against the builder suggests a potential neglect of responsibilities pertaining to project registration and communication with prospective buyers.

Won Cases Insights

It is worth noting that despite the builder's claim of complying with RERA regulations, the failure in the one legal battle indicates a lack of effective measures in ensuring that required standards are met. The builder has not successfully defended any cases, indicating potential weaknesses in operational practices or oversight.

Conclusion: Overall Assessment

Given the limited data on Shri Maruti Enterprise Partnership Firm, along with their legal history, it is clear that the builder faces challenges, particularly regarding regulatory compliance. The legal ruling against them raises concerns about their transparency and reliability as a builder, making it crucial for potential buyers to proceed with due diligence.

Tips for Potential Buyers

1. Conduct Thorough Research: Investigate the builder’s reputation through reviews, testimonials, and any reports of legal disputes.
2. Verify RERA Registration: Always check if the project is registered with RERA and if the registration number is prominently displayed in marketing materials.
3. Request Documentation: Ask for all relevant documents regarding the project's approvals and legal standing before making any decisions.
4. Consult Professionals: Consider consulting real estate professionals or legal advisors who can provide additional insights.

General Tips for Buying from Any Builder

• Evaluate Past Projects: Assess the quality and delivery timelines of previously completed projects by the builder.
• Visit the Site: If possible, visit the site of ongoing projects to gauge progress and quality directly.
• Understand Payment Terms: Clarify payment schedules and what is included in the price to avoid future disputes.
• Discuss Warranty and Support: Inquire about warranties for structural integrity and the builder's policy for maintenance and support post-purchase.

In conclusion, while Shri Maruti Enterprise Partnership Firm operates in Gujarat's real estate market, potential buyers should exercise caution, informed by the insights from their legal history and the recommendations outlined.

Analysis of the cases filed against Shri Maruti Enterprise Partnership Firm, where the builder lost, reveals several key points across the spectrum of disputes encountered in real estate transactions. The cases highlight two primary themes: RERA Compliance and Commissions, and Project Registration and Disclosure.

The first theme, RERA Compliance and Commissions, encompasses the builder's obligations under the Real Estate (Regulation and Development) Act, 2016. Common disputes in this area involve builders failing to register their projects with RERA or inadequately displaying the required registration information in promotional materials. The authority's decision to fine Shri Maruti Enterprise Partnership Firm ₹1,25,000 serves as a case in point for this theme, demonstrating the legal repercussions of non-compliance.

The second theme, Project Registration and Disclosure, further elaborates on the importance of transparency in real estate dealings. It highlights the necessity for builders to not only register their projects as mandated by law but also to ensure that potential buyers are provided with the proper registration details. This transparency is crucial for maintaining trust and legality in the real estate market.

The primary reason people bring cases to court against builders like Shri Maruti Enterprise revolves around the builders’ failure to adhere to the regulatory framework established by RERA. Common triggers for litigation include the lack of project registration, insufficient disclosure of project details, and the imposition of penalties for these violations.

The builder’s losses in these cases can be attributed to several factors, most notably non-compliance with the legal requirements set forth by RERA. In each instance where a penalty was imposed, the builder was found to have violated critical regulations, demonstrating a systemic issue with their operational practices rather than an isolated incident.

In conclusion, the cases against Shri Maruti Enterprise Partnership Firm underline the importance of RERA compliance in the real estate sector, serving as a warning to builders about the legal and financial ramifications of non-compliance. They also highlight the need for buyers to be vigilant and ensure that the builders they work with are registered and transparent.