SHRI RAGHUVEER DEVELOPERS & BUILDERS

Introduction

Purchasing a home is undoubtedly one of the most significant decisions many individuals and families make in their lifetime. With numerous builders emerging in the real estate sector, ensuring that you've chosen a reliable and trustworthy builder is essential for a successful investment. In this blog post, we will delve into the profile of Shri Raghuveer Developers & Builders, a recognized name in Gujarat's real estate market, to help potential buyers make an informed decision.

Company Overview

Shri Raghuveer Developers & Builders has established a foothold in Gujarat's competitive real estate landscape. While the builder has received a single complaint, they have successfully won that case. This strong track record is particularly critical for buyers considering investments with this developer.

Legal Case Insights

Overview of Cases

• Cases Filed Against the Builder: 1
• Summary of Case:
  • Appellant Claim: The appellant alleged that the builder failed to file quarterly reports for their project 'Raghuveer Spectrum' in accordance with the RERA (Real Estate Regulatory Authority) Act.
  • Respondent Claim: The builder responded by citing a bank change request which led to the delay in filing the quarterly report. They also mentioned issues with technical reasons pertaining to the filing of Form No. 3.
  • Final Verdict: The authority ultimately canceled the show cause notice against the builder and exempted them from penal action after they assured compliance with filing updates within 30 days.

This case highlights a situation where technicalities and procedural errors resulted in a legal challenge for Shri Raghuveer Developers. However, the positive resolution indicates the builder's willingness to comply with regulations once identified.

Analysis of Case Patterns

Cases Lost

• Common Factors: In the case that the builder lost, the main concern revolved around timely filings and adherence to RERA regulations. This is a common issue that can arise within the RMKM space, especially when transitional changes (like bank change requests) occur. Such patterns indicate the importance of effective internal communication and management practices.

Cases Won

• Common Factors: The builder won the case primarily because they provided valid justifications for their failure to file within the stipulated timeframe. Their proactive approach in rectifying the situation (promise to file updated reports) demonstrates a level of responsibility that is commendable.

Conclusion

Overall, Shri Raghuveer Developers & Builders presents a mixed yet optimistic profile for potential buyers. The limited number of complaints and a successful resolution of the concern indicate that while issues may arise, the builder does take accountability for their actions.

Tips for Potential Buyers

1. Conduct Thorough Research: Ensure you understand the builder's history and project completion timelines.
2. Verify Compliance with Regulations: Check if the builder adheres to all RERA guidelines, as non-compliance can lead to legal complications.
3. Request References: Speak to previous buyers about their experiences with the builder.

General Tips for Selecting Any Builder

• Check License and Regulatory Compliance: Always verify that the builder has the necessary permissions and is compliant with local laws.
• Review Project Quality: Visit existing projects by the builder to gauge the quality of construction and design.
• Assess Financial Stability: A financially stable builder is less likely to abandon projects mid-way due to lack of funds.

In conclusion, while Shri Raghuveer Developers & Builders shows signs of responsibility and capability, buyers should always exercise due diligence before making any commitments.

An analysis of the cases filed against the builder, Shri Raghuveer Developers & Builders, which were won by the builder, revealed the following information.

The first common theme across the disputes involves "Non-compliance with Regulatory Requirements," specifically related to the Gujarat Real Estate Regulatory Authority (RERA) stipulations. In one case, the appellant accused the builder of failing to submit quarterly reports on their project 'Raghuveer Spectrum' as mandated by the RERA Act and related rules. This indicates a common concern among buyers regarding transparency and accountability in reporting project progress.

Another recurring theme is "Claims of Penalties for Delayed Reporting." The builder faced allegations regarding the late filing of reports; however, the builder effectively demonstrated valid justifications, such as technical issues leading to delays. This suggests that the builder was targeted for reporting discrepancies that were potentially beyond their control due to technicalities rather than willful negligence.

The cases were brought to court due to concerns from buyers and regulatory bodies regarding adherence to project documentation and timely updates. These issues often stemmed from misunderstandings relating to the builder's compliance with established reports and deadlines. For instance, buyers expressed frustrations about perceived lack of updates, leading to accusations of misconduct or negligence.

The builder won these cases primarily due to a lack of sufficient evidence presented by the opposing parties and the demonstration of compliance or reasonable justifications for any delays in filings. In the noted case, the builder argued a valid cause for not filing a report due to a bank change request, which illustrates the importance of the clarifications and explanations provided during legal proceedings.

This analysis highlights that while there are legitimate concerns in the real estate market, builders can face unfounded accusations, leading to legal entanglements. Shri Raghuveer Developers & Builders has shown a strong ability to defend itself against exaggerated claims, strengthening its reputation as a responsible developer in a competitive industry.

For potential buyers, this information emphasizes the importance of making informed decisions. While there may be genuine disputes in the real estate sphere, analyzing cases like those involving Shri Raghuveer Developers & Builders illustrates that builders can often overcome unfounded claims through solid defense and compliance with regulations. Buyers should exercise caution and seek reliable information before forming opinions on a builder's reputation. Always consider the context of claims and engage in thorough due diligence before making significant investments in real estate.

This dictionary encapsulates the themes, summary, and insights drawn from the case analysis, providing a helpful resource for potential buyers in the real estate market.