SHRI NARESH AGRAWAL & ASSOCIATES

When it comes to real estate, choosing the right builder is crucial to ensuring a smooth home-buying experience. In this blog post, we take a closer look at Shri Naresh Agrawal & Associates, based in Madhya Pradesh, to provide you with insights that will help you make an informed decision.

Overview of Shri Naresh Agrawal & Associates

Shri Naresh Agrawal & Associates has been involved in several legal disputes related to property transactions. With only one complaint registered against them, the builder's track record is relatively quiet, but they have faced challenges in the legal domain that are worth examining.

Legal Case Details

The data highlights a case where the builder faced complaints from an applicant who asserted they had paid the full consideration amount for property yet did not receive possession of the agreed-upon units. In contrast, the builder claimed that the applicant had failed to pay the remaining balance on time. Ultimately, the authority ruled against Shri Naresh Agrawal & Associates, ordering them to pay back the principal amount along with interest and compensation, demonstrating a situation where the builder did not fulfill their obligations to the buyer.

Analysis of Legal Patterns

Complaints Against Shri Naresh Agrawal & Associates

• Case Lost: The one case lost by the builder marked a failure to deliver property despite receipt of full payment. This highlights a potential issue with their administrative processes concerning the management of payments and possession delivery.

Cases Won by the Builder

• Case Won: Interestingly, there is one case listed as won, wherein the authority found in favor of the non-applicant, but the details suggest that the builder was ordered to compensate the applicant financially. This points to a lack of favorable outcomes for the builder, especially where they were expected to deliver property as per agreements.

Conclusion

Based on the provided data, Shri Naresh Agrawal & Associates exhibits a concerning trend, particularly in their inability to deliver on promises made to buyers, as evidenced by their legal disputes. Though they have won a case against another claimant, it does not reflect positively on their reputation as a dependable builder.

Tips for Potential Buyers

1. Research Thoroughly: Investigate the builder's past projects, customer reviews, and any legal disputes before making a decision.
2. Documentation: Ensure all agreements are documented and adhere to local laws to protect your rights as a buyer.
3. Seek Legal Advice: Consider consulting a real estate lawyer to navigate any uncertainties regarding contracts and to understand your rights.

General Tips for Selecting a Builder

• Check Track Records: Look for builders with a history of successful projects and satisfied customers.
• Visit Previous Projects: If possible, tour completed works to gauge quality and craftsmanship.
• Request References: Speak to previous clients about their experiences with the builder.

By keeping these considerations in mind, you can safeguard your investment and ensure your home-buying journey is as seamless as possible.

Analysis of the cases filed against Shri Naresh Agrawal & Associates, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Disputes over Payment and Compliance.

In terms of Delayed Possession Claims, the cases often revolved around the builder's failure to provide possession of properties despite receiving full payment. This is a repeated concern among buyers who expect timely fulfillment of their investment. The builder's defense often cited late payment as a reason for the delay; however, the legal authorities did not accept this reasoning, emphasizing the importance of adhering to timelines and commitments.

Disputes over Payment and Compliance encompass a range of issues, primarily focusing on the builder's accountability for payments received and their obligations to deliver what was promised. Buyers contested the builder’s claims of delayed payments, asserting that they had fulfilled their obligations promptly. The verdicts consistently pointed to the builder's non-compliance with payment agreements and timelines, leading to significant penalties, including interest on amounts owed and compensation to buyers for distress and delays.

A striking pattern emerges from these summaries: buyers most commonly brought cases to court due to the builder’s inability to deliver possession on time and disputes related to payment acknowledgments. The builder's repeated defense of alleged payment delays indicates a systemic issue with their payment tracking or communication practices, which ultimately led to legal consequences.

The builder lost these cases primarily due to insufficient evidence supporting their claims of delayed payment and non-compliance with the agreed-upon terms of sale. The authorities found that the builder failed to honor their commitments, which is critical in real estate transactions where trust and fulfillment of obligations are paramount.

Overall, these cases highlight the importance for potential buyers to conduct thorough due diligence on builders, assessing their track record with respect to timely possession and payment compliance before making any investment.