SHRI RAM BALAJI DEVELOPERS & INFRASTRUCTURES PRIVATE LIMITED

Introduction

In the construction and real estate market, the reputation of a builder is critical to making a sound investment. In this post, we will take a detailed look at Shri Ram Balaji Developers & Infrastructures Private Limited, focusing on their legal history, project locations, and overall reliability.

Overview of Shri Ram Balaji Developers & Infrastructures Private Limited

Shri Ram Balaji Developers & Infrastructures Private Limited has a presence primarily in Rajasthan. The company has faced a total of one complaint which has resulted in a lost case. Understanding the implications of this case is essential for potential buyers considering investing in properties developed by this builder.

Legal Case Details

Cases Filed Against the Builder

• Total Complaints: 1
• Cases Won: 0
• Cases Lost: 1

The sole legal case against Shri Ram Balaji Developers resulted in the builder losing. The case summary noted that the project in question was completed but with a delay of four months, leading to a nominal penalty of Rs. 1,00,000 imposed on the respondent promoter. This incident underscores a significant issue regarding project completion timelines, which is a critical factor for buyers.

Analysis

Patterns in Cases Lost

This builder has not won any legal cases, which could indicate potential issues with project execution or customer satisfaction. The case lost involved a delay in project completion, a common factor that can lead to buyer frustration and legal actions. Hence, buyers should consider the implications of such delays on their own plans and investments.

Patterns in Cases Won

On the contrary, Shri Ram Balaji Developers has not been involved in winning any legal cases. This lack of favorable judgments may reflect negatively on their commitment to fulfilling contractual obligations and addressing customer grievances effectively. The absence of cases won suggests a potential lack of favorable outcomes in legal disputes, which could be a red flag for prospective buyers.

Conclusion

Based on the provided data, Shri Ram Balaji Developers & Infrastructures Private Limited appears to have a challenging track record concerning legal disputes and project delivery. The solitary complaint against the builder culminated in a lost case, raising concerns about their reliability in fulfilling project timelines.

Tips for Potential Buyers

1. Investigate the Builder’s Track Record: Given the lost case, it is crucial for potential buyers to thoroughly research the builder's history and any legal disputes.
2. Assess Project Timelines: Pay close attention to any guarantees regarding project completion dates, as delays can lead to inconvenience and additional costs.
3. Seek Buyer Reviews: Look for feedback from previous buyers regarding their experiences with delivery, quality, and customer service.

General Tips for Selecting Any Builder

1. Evaluate Reputation: Always check the reputation of a builder through verifiable sources and reviews.
2. Ask About Legal History: Be aware of any complaints or legal cases involving the builder, as this could indicate potential risks.
3. Check Regulatory Compliance: Ensure the builder adheres to all local regulations, as non-compliance can lead to complications in property ownership.
4. Visit Completed Projects: If possible, visit completed residential projects to gauge quality and craftsmanship firsthand.

Final Thoughts

Choosing a trustworthy builder is paramount for a successful real estate investment. While Shri Ram Balaji Developers & Infrastructures Private Limited has its projects in Rajasthan, the legal history highlighted here should prompt potential buyers to conduct thorough due diligence before proceeding with any purchase.

Analysis of the cases filed against Shri Ram Balaji Developers & Infrastructures Private Limited, where the builder lost, revealed several key insights across their legal disputes.

The cases can primarily be grouped into two common themes: Delayed Possession Claims and Penalties for Project Delays. The Delayed Possession Claims involve disputes where buyers or investors claim that the builder failed to deliver completed units within the promised timeline. In the sole case summarized, we see that the project was completed with a delay of 4 months, which indicates a relatively short disruption in the delivery schedule, yet still significant enough to warrant legal action.

Penalties for Project Delays revolve around the financial repercussions imposed on the builder for these delays. In our example, a nominal penalty of Rs. 1,00,000 was imposed on the builder, indicating that the legal system acknowledges delays with a financial tag, aiming to deter builders from allowing projects to run behind schedule.

A common reason for bringing cases to court in these instances is the builder’s failure to meet the promised deadlines, which directly affects the plans and finances of prospective homeowners. Buyers may face penalties, additional rental costs, or disruptions in their personal or professional lives due to delayed possession. Hence, they contest the delays and seek compensation or assurances of timely delivery.

The builder’s losses in these cases primarily stem from their inability to defend against the delay accusations adequately. This could be due to several factors, such as insufficient evidence to prove that the delays were caused by unforeseen circumstances, non-compliance with established timelines, or a lack of transparency in communicating project updates to buyers.

In conclusion, the cases against Shri Ram Balaji Developers & Infrastructures Private Limited highlight the importance of adhering to project timelines and clear communication in real estate transactions. Buyers should be vigilant and thoroughly investigate a builder's reputation regarding prompt delivery before making any commitments.