SHRI RAJ ASSOCIATES

Understanding Shri Raj Associates: A Deep Dive into Their Record and Buyer Considerations

When it comes to choosing a builder for your dream home, thorough research is vital. One such builder, Shri Raj Associates, has made an impression in the real estate sector primarily in Gujarat. However, potential buyers should be well-informed about their record to make an educated decision.

Company Overview

Shri Raj Associates operates primarily in the Gujarat state, handling various real estate projects. Despite their presence in the market, it is crucial for potential buyers to be aware of the company's complaint record to understand their reliability.

Complaints and Legal Standing

According to the provided data, Shri Raj Associates has faced a total of 1 complaint. What is particularly noteworthy is that the builder has lost this case.

Legal Case Details:

• Case Filed: 1
• Cases Lost: 1

The case provided insight into the operations of Shri Raj Associates. The builder claimed that this was their first mistake and sought leniency. However, it was determined that the promoter had violated provisions of the RERA Act and Rules by failing to submit a quarterly report on time. Consequently, the final verdict resulted in a fine of Rs. 75,000 against Shri Raj Associates, emphasizing the importance of adhering to regulatory mandates.

Analysis of Builder's Performance

Patterns in Lost Cases:

• The single case lost by Shri Raj Associates highlights a significant issue: compliance with regulatory frameworks. The case stemmed from the builder's failure to submit necessary reports as outlined in the RERA Act. This pattern indicates potential administrative oversight and the need for improved operational protocols within the company.

Patterns in Won Cases:

• Notably, there are no recorded cases won by Shri Raj Associates, which may raise concerns about their dispute resolution efficiency as well as their commitment to customer satisfaction.

Conclusion

Overall, Shri Raj Associates presents a mixed picture for potential buyers. With only one complaint on record, the absence of any winning cases raises questions about their performance and business practices. They have faced penalties due to regulatory violations, which potential buyers should consider carefully.

Tips for Potential Buyers

1. Research Thoroughly: Before making any purchase decision, investigate the builder's complaint history and legal standing to ensure reliability.
2. Ask for References: Speak to past clients about their experiences with Shri Raj Associates, which can provide additional insights into the builder's operational practices and customer service.
3. Review Project Documents: Carefully review all project documents, especially those pertaining to compliance with local laws and regulations.

General Tips for Selecting a Builder

• Look for Experience: Choose builders with a proven track record and substantial experience in the industry.
• Verify Credentials: Ensure the builder is registered and compliant with relevant regulations, such as those governed by the RERA Act.
• Trust Your Instincts: If something feels off or if there is a lack of transparency, do not hesitate to seek alternatives.

In conclusion, while Shri Raj Associates may have projects in Gujarat, the single complaint and lost case emphasize the need for potential buyers to exercise caution and conduct comprehensive due diligence before engaging with this builder.

The analysis of the cases filed by the builder Shri Raj Associates, which they ultimately lost, reveals several key aspects regarding their litigation tendencies and outcomes.

Regulatory Non-compliance

One major theme emerging from the summary of cases is the builder's issues with regulatory compliance, particularly with the Real Estate (Regulation and Development) Act (RERA). In the highlighted case, the builder was found to have violated the provisions of the RERA Act by failing to submit quarterly reports on time. This indicates a pattern where the builder may not be fully adhering to regulatory requirements, which can significantly impact their reputation and operational legitimacy.

Penalties for Violations

Another recurring theme is the imposition of penalties due to violations. The builder's case resulted in a fine of Rs. 75,000, demonstrating the consequences of non-compliance that can arise from regulatory bodies. Such financial penalties not only strain the builder's resources but also reflect poorly on their operational practices.

Project Management Issues

The disputes often stemmed from project management issues, where delays and necessary compliance didn't meet regulatory standards. This discrepancy often leads builders into litigation, attempting to contest penalties or claims against them related to project delivery timelines.

Upon examining the reasons behind the builder bringing cases to court, it becomes evident that they often sought to contest penalties imposed for non-compliance or project delays attributed to external factors. This suggests a potential reluctance to accept accountability for management shortcomings or regulatory obligations.

However, the consistent loss in such cases often points to several critical shortcomings on the part of the builder. Common reasons for losing included insufficient evidence to support their claims or defenses, failing to comply with necessary legal or regulatory requirements, and a lack of adherence to interim directions established by authorities. Additionally, misinterpretations or neglect regarding land or project classification rules indicate a troubling gap in the builder’s understanding or management practices.

Overall, the trends identified in these cases reveal significant challenges faced by Shri Raj Associates, warranting careful consideration from potential buyers. Ensuring that a builder demonstrates compliance with regulations and sound project management practices is crucial for prospective buyers to make informed decisions in the real estate market.

This structured dictionary provides a clear and concise overview of the recurring themes found in the builder's litigation history, alongside a detailed summary that unpackages the implications of these cases for potential buyers evaluating Shri Raj Associates.