SHRI PARTH INFRACORP LIMITED

Introduction

In the dynamic world of real estate, choosing the right builder can make a significant difference for potential homeowners and investors. Today, we delve into Shri Parth Infracorp Limited, a builder known to operate in Gujarat. With a focus on the legal standing of this builder, we will explore their complaint history, case outcomes, and provide insight for prospective buyers.

Builder Overview

Legal Case Analysis

Shri Parth Infracorp Limited has a mixed legal standing, facing one complaint that ultimately did not work in their favor.

Details of the Case

• Complaints Filed Against the Builder: 1
• Appellant Claim: The authority claimed that the promoter violated the provisions of the RERA (Real Estate Regulatory Authority) Act by not submitting quarterly reports on time.
• Respondent Claim: The promoter argued that they were not aware of the law and that there was no intention to violate it.
• Final Verdict: The authority fined the promoter Rs. 50,000 and mandated that they personally pay the fine.

Analysis

Patterns in the Builder's Cases

• Cases Lost:
• From the single case lost by Shri Parth Infracorp Limited, a pattern can be identified where the builder could not substantiate claims relating to compliance with the regulatory authority. The admission of unawareness regarding the law implies a lack of due diligence or oversight within the firm that raises concerns about operational governance.
• Cases Won:
• Notably, the builder has not won any cases. This absence of victories can be seen as indicative of a troubling trend in their approach to legal disputes, signaling potential issues with their adherence to established laws and industry regulations.

Conclusion

Shri Parth Infracorp Limited presents a precarious picture when examined through the lens of its legal history. With one complaint that resulted in a financial penalty and no successful defenses, potential buyers should exercise caution.

Tips for Potential Buyers Considering Shri Parth Infracorp Limited:

1. Conduct Thorough Research: Always explore the builder’s past projects and review feedback from other customers to understand their overall reputation and project quality.
2. Ask About Compliance: Inquire about the builder's knowledge and compliance with local real estate laws to ensure timely reports and proper governance.
3. Review Legal History: Consider any documented complaints or legal cases that could reflect the builder's operational practices.

General Tips for Buyers When Selecting Any Builder:

1. Check Licensing and Credentials: Ensure the builder is properly licensed and has a good standing with the regulatory body.
2. Assess Financial Stability: A builder with sound financial practices is less likely to falter in project completion.
3. Visit Completed Projects: Whenever possible, visit previously completed projects to evaluate quality firsthand.
4. Understand the Contract: Read and comprehend the contract thoroughly to avoid any hidden clauses or terms that may conflict with your interests.

In conclusion, while purchasing a property is a significant investment, utilizing due diligence and informed decision-making can help ensure a positive experience. Stay informed, remain cautious, and choose wisely.

Analysis of the cases filed against Shri Parth Infracorp Limited, where the builder lost, reveals several key themes across the disputes. The cases highlight ongoing issues primarily in two areas: non-compliance with regulatory requirements and penalties incurred due to delayed reporting.

The first theme, non-compliance with regulatory requirements, stands out in the promoter's violation of the RERA Act. The authority claimed that the promoter failed to submit quarterly reports on time, which led to a direct fine. This case underscores a pattern where builders may not adhere to crucial regulatory deadlines, often resulting in legal ramifications.

The reason promoters commonly face legal action in this area stems from their accountability to maintain transparency in their projects. When builders do not fulfill their obligations, it typically sparks investigations and penalties. In the case of Shri Parth Infracorp Limited, the builder's defense—that they were not aware of the law—indicates a concerning lack of understanding about their responsibilities, which is a recurring issue in the real estate sector.

The common reasons for the builder’s losses in these cases center around their failure to comply with established regulations. Insufficient evidence of compliance, combined with a lack of knowledge about legal requirements, creates a significant vulnerability in their legal standing. This highlights the importance for builders to educate themselves and adhere to the regulatory framework to avoid similar penalties.

In conclusion, the cases against Shri Parth Infracorp Limited serve as a reminder of the importance of regulatory compliance in the real estate industry. Builders must take proactive steps to understand their obligations and maintain timely reporting to avoid legal disputes and penalties.