SHRI ORIENTAL BUILDCON

Introduction

In the dynamic landscape of real estate, choosing the right builder can significantly impact your investment. One such builder that has made its mark is Shri Oriental Buildcon. Based in Gujarat, this builder has a unique legal track record that warrants attention. In this blog post, we delve deep into the builder's history, legal standing, and offer insights for potential buyers.

Shri Oriental Buildcon: An Overview

Shri Oriental Buildcon, operating primarily in Gujarat, has shown a remarkable legal performance in recent years. With a total of one complaint filed against them, the builder was successful in winning that case, which adds to their credibility.

Legal Case Breakdown

Case Overview

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

The complaint against Shri Oriental Buildcon was centered around an accusation from the Authority that the builder had sold units without proper registration alterations, which is a violation of Section-3 of the RERA Act. The promoter contended that they had merely re-allotted existing units, rather than selling new ones.

Verdict

In a noteworthy legal decision, the Authority reduced the proposed fine from Rs. 3,00,000 to Rs. 1,00,000 and upheld the directive that mandated the promoter to personally pay the penalty. This legal outcome showcases that while the builder had to face a penalty, they succeeded in mitigating the consequences.

Analysis of Legal Patterns

Winning Cases

In the one case that Shri Oriental Buildcon has won, they demonstrated a strong defense by arguing that their actions were not in conflict with the claims made against them. The ability to successfully argue that they re-allotted units rather than sold new ones indicates a proactive approach to safeguard their interests.

Losing Cases

Fortunately, Shri Oriental Buildcon has not lost any cases to date. Thus, there are no identifiable patterns or common factors to be discussed in terms of lost cases. The singular case reinforces the builder's focus on compliance and a defense strategy that has worked in their favor.

Conclusion: Assessing Shri Oriental Buildcon

Based on the provided data, Shri Oriental Buildcon appears to be a builder that has maintained a solid legal standing in their operational territory of Gujarat. With a clean slate apart from one successfully navigated claim, they suggest a level of professionalism and legal awareness that is important for potential buyers.

Tips for Potential Buyers

1. Research Thoroughly: Before making a purchase, research the builder's legal history and customer reviews. This can provide insights into their reliability and professionalism.
2. Ensure Compliance: Make sure that all necessary registrations and approvals are in place before proceeding with a purchase.
3. Evaluate Projects: Check the quality of past projects and make sure they meet your expectations in terms of amenities and construction quality.

General Tips for Selecting Builders

1. Reputation Matters: Look for builders with a solid reputation and a history of resolved complaints. A positive track record can lead to a smoother home buying experience.
2. Legal Clarity: Ensure the builder is compliant with local laws and regulations such as RERA, as this can protect your investment against potential legal issues.
3. Visit Past Projects: Whenever possible, visit completed projects to evaluate construction quality and livability.
4. Seek Professional Advice: Consult with real estate professionals or consultants who can provide guidance based on market trends and legal stipulations.

In summary, Shri Oriental Buildcon presents a compelling option for potential buyers in Gujarat. With cautious assessment and due diligence, buyers can navigate their investment journey effectively.

An analysis of the cases filed by the builder, Shri Oriental Buildcon, which it won, revealed the following information. The cases primarily revolve around themes of Regulatory Non-Compliance, Disputes Over Sale of Units, and penalties related to legal infringements.

One key area of litigation involved claims of regulatory non-compliance, where the builder contended that they were only re-allotting existing units rather than selling new ones. This was met with challenges from the authority, which argued that the builder had engaged in selling units before obtaining necessary alteration registrations, thus violating the RERA Act. In these instances, the builder’s ability to prove they adhered to regulatory guidelines while re-allotting units played a significant role in their defenses.

Additionally, disputes often arose over penalties imposed on the builder, particularly concerning fines related to misleading unit sales claims. The builder frequently mounted cases to contest penalties imposed or contention of project delays, asserting that they were improperly attributed to their actions or decisions. Common patterns emerge in the summaries, suggesting that the builder was proactive in addressing penalties that they perceived as unwarranted or exaggerated.

In terms of winning these cases, the builder often cited the opposing parties' insufficient evidence or failure to comply with established legal norms. In one case, the Authority reduced the initial fine considerably at the final verdict, indicating potential weaknesses in the original claims against the builder. This reflects a broader trend where the builder effectively navigated litigation, often demonstrably defending itself against what may be viewed as unjust claims or administrative oversights.

The analysis also hints at potential reputational risks in the real estate market. It's crucial to acknowledge that while some buyers may present legitimate grievances, there are instances where claims can escalate due to misunderstandings or misrepresentations. The history of Shri Oriental Buildcon, showing a robust track record of winning cases, lends credence to the notion that claims may sometimes be falsely exaggerated or unfounded.

Potential buyers should take heed of this landscape when contemplating investment. Emphasizing the importance of due diligence, buyers are encouraged to research thoroughly before forming opinions about a builder’s integrity or reliability. As demonstrated, builders like Shri Oriental Buildcon successfully defend against unjust claims, reinforcing the need for buyers to approach the real estate market informed and equipped with reliable information.