SHRI PARASNATH BUILDERS & DEVELOPERS

Introduction

In the realm of real estate, choosing the right builder can significantly impact your investment and living experience. Shri Parasnath Builders & Developers, operating primarily in Madhya Pradesh, is a name that has attracted attention. However, their track record raises questions worth exploring.

Overview of Shri Parasnath Builders & Developers

Shri Parasnath Builders & Developers has faced two legal cases, both culminating in losses. While the builder has been active in Madhya Pradesh, the implications of the legal outcomes merit a closer look for potential homebuyers.

Legal Case Insights

Cases Lost

1. Basic Amenities and Mental Agony
   - Claim: The applicant argued that the builder failed to provide promised basic amenities, seeking compensation for three years of mental distress.
   - Verdict: The authority directed the applicant to form a society of building owners, transferring management responsibilities.
2. Deficiencies in a Flat
   - Claim: The applicant pointed out multiple deficiencies in their flat, including issues with kitchen taps, doors, railings, and electrical fittings.
   - Verdict: The builder was instructed to address the identified issues with verifiable photographic proof.

Patterns in Lost Cases

The lost cases reveal a concerning trend:

• Failure to Deliver on Promises: The cases emphasize the builder’s shortcomings in fulfilling contractual obligations regarding amenities and quality.
• Customer Satisfaction Issues: The legal outcomes underline a pattern of client dissatisfaction, leading to disputes that require formal resolution.

Cases Won

The builder has not won any cases, making it imperative to acknowledge that all contested matters have resulted in unfavorable outcomes for them.

Conclusion: Assessing Shri Parasnath Builders & Developers

Given that Shri Parasnath Builders & Developers has lost all cases without any victories, potential buyers should approach with caution. The builder's inability to successfully contest claims points to possible systemic issues within their operations, particularly concerning customer service and adherence to contractual commitments.

Tips for Potential Buyers

1. Conduct Thorough Research: Before committing, investigate the builder’s reputation, considering their legal history and customer reviews.
2. Request Documentation: Ensure all promised amenities and quality assurances are detailed in contracts.
3. Seek Independent Reviews: Look for independent sources and homeowner testimonials to gauge the builder's reliability.
4. Engage in Direct Communication: Establish clear communication with the builder to clarify expectations and address any concerns upfront.

General Tips for Selecting Any Builder

1. Check Their Track Record: Assess past projects and legal challenges to understand their strengths and weaknesses.
2. Verify Licensing and Credentials: Ensure the builder has the necessary licenses and regulatory compliance.
3. Visit Completed Projects: If possible, tour previous developments to evaluate build quality and finish.
4. Read the Fine Print: Scrutinize contracts for hidden terms and conditions.

Final Thoughts

Purchasing a property is a significant investment, and understanding the builder's background like Shri Parasnath Builders & Developers can help ensure you make an informed decision. By exercising diligence and seeking transparency, you can navigate your property purchasing journey with confidence.

Analysis of the cases filed against Shri Parasnath Builders & Developers, where the builder lost, revealed significant insights into the recurring themes surrounding their disputes.

The cases can be primarily grouped into two common themes: Amenities and Maintenance Disputes and Deficiencies in Construction and Quality Assurance.

In the first theme, Amenities and Maintenance Disputes, the applicant claimed that the builder failed to provide basic amenities as stipulated in the brochure and contract. The builder, on the other hand, contended that all necessary facilities were completed and that the applicant had neglected to pay the required maintenance fees. This highlights a pattern where disputes often arise from a perceived lack of fulfillment of contractual obligations regarding amenities, which is a critical aspect of real estate transactions.

The second theme, Deficiencies in Construction and Quality Assurance, involves the applicant detailing numerous deficiencies in their flat, such as issues with kitchen taps, doors, railings, and electrical fittings. The builder's defense was that the flat was completed to a satisfactory standard before possession was taken, and that any additional work carried out afterwards was not their responsibility. This shows another common trigger for litigation, where buyers often dispute the quality of construction and the builder's accountability for rectifications post-possession.

Examining the outcomes of these cases, it's evident that the builder lost primarily due to a failure to meet the expected standards in both amenities provision and construction quality. The authority's decisions emphasized the importance of adhering to contractual obligations and ensuring customer satisfaction in real estate ventures.

In conclusion, these cases underscore vital lessons for potential buyers. It is crucial to meticulously review contracts, inspect properties thoroughly before possession, and ensure that builders are committed to fulfilling their obligations. Buyers should also be proactive in forming communities or societies to manage and maintain their properties, as seen in the first case's verdict, which can help prevent future disputes.