SHRI OM INFRA

A Review of Shri Om Infra: Assessing Performance and Buyer Insights

When considering a property investment, buyers often prioritize a builder's track record. This post delves into the performance of Shri Om Infra, a builder currently active in Gujarat, providing potential buyers with critical insights based on existing data and legal outcomes.

Overview of Shri Om Infra

Shri Om Infra has garnered attention in the real estate market of Gujarat. However, scrutiny reveals a complex track record, characterized by a single complaint and a corresponding legal battle.

Legal Case Highlights

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

Summary of Legal Cases

In the lone legal case associated with Shri Om Infra, the builder lost. The case was centered around the failure to submit an annual audit report within the designated timeframe. This resulted in a financial penalty of Rs. 40,000 imposed by regulatory authorities, along with a directive to submit the required report within an additional 30 days.

Analysis of Case Outcomes

Patterns in Lost Cases

In the context of the case that Shri Om Infra lost, it appears there was a failure to adhere to regulatory requirements concerning financial reporting. This may indicate potential issues in operational compliance or management practices, signaling to potential buyers the importance of ensuring a builder's diligence in adhering to legal obligations.

Patterns in Won Cases

It is noteworthy that while the builder had one case where the overall outcome favored them, it was less about a competitive legal victory and more a procedural fine related to their financial reporting duties. The implications here suggest that while the builder can resolve some issues, their governance might require greater adherence to regulatory standards.

Overall Assessment

Based on the provided data, potential buyers should consider Shri Om Infra with caution. The presence of a lost legal case indicates potential vulnerabilities in management practices and compliance timelines. Furthermore, the absence of successful litigation wins may suggest a pattern of oversight or operational challenges.

Tips for Potential Buyers

1. Request Documentation: Always ask for the builder’s past and current financial reports and project audit details to ascertain compliance with regulations.
2. Conduct Due Diligence: Research any complaints or legal cases against the builder, as this can give insights into their operational conduct and reliability.
3. Seek Reviews and Testimonials: Look for reviews from previous buyers about timely project delivery and the quality of construction.
4. Visit Projects: If possible, visit some completed projects by Shri Om Infra to assess quality firsthand.

General Tips for Selecting a Builder

• Check Credentials: Always ensure that the builder has valid licenses and certifications to operate in the region.
• Examine Their Track Record: A builder with numerous successful projects and satisfied customers should be prioritized.
• Look for Transparency: Builders should be open about project timelines, costs, and any potential legal issues that may arise.
• Understand the Contract: Ensure that all terms by the builder are well-documented in the contract to avoid future disputes.

In conclusion, potential buyers considering engagement with Shri Om Infra are encouraged to proceed with informed caution, emphasizing thorough research and due diligence during their buying process. By following the outlined tips, buyers can ensure a more secure and satisfactory investment in their future properties.

Analysis of the cases filed against Shri Om Infra, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into two primary topics: non-compliance with regulatory requirements and delays leading to penalties.

The first theme, non-compliance with regulatory requirements, is highlighted by the builder's failure to submit the annual audit report within the prescribed time frame. This reflects a broader pattern of neglecting regulatory obligations, which may indicate a systemic issue within the company's operations. Such non-compliance not only incurs financial penalties but can also undermine trust among investors and buyers.

The second theme, delays and penalties, encompasses the builder's exposure to fines due to the late submission of essential documentation. In the case summarized, the authority fined Shri Om Infra Rs. 40,000 and mandated the submission of the annual report within a 30-day window. This penalty illustrates the legal consequences of procrastination and inadequate organizational practices regarding project timelines and reporting requirements.

Common reasons for litigation in these cases include contesting the penalties imposed for non-compliance and delays, as well as defending against accusations of negligence in maintaining proper documentation. A pattern emerges wherein the builder’s litigation often stems from a combination of these factors, leading to a series of legal challenges that could have been mitigated through adherence to established regulations and timelines.

The builder's losses in these cases can be attributed to several factors, most notably non-compliance with regulatory requirements and failure to fulfill their obligations in a timely manner. In each instance, the builder's position was weakened by the lack of adherence to procedures that are crucial for maintaining transparency and fulfilling legal standards in the real estate sector.