SHRI SADGURU KRISHNA-2

Understanding Shri Sadguru Krishna-2: A Builder's Legal Landscape in Gujarat

In the world of real estate, choosing the right builder is crucial for a successful property purchase. Shri Sadguru Krishna-2 operates in Gujarat and has come under scrutiny in legal matters. Here's a detailed analysis of their compliance and reputation based on the provided data.

Overview of Legal Standing

Shri Sadguru Krishna-2 has one documented complaint filed against them. They faced a legal challenge where the case culminated in a loss, with the builder being found guilty of violating regulations and subsequently fined Rs. 10,000. This singular complaint raises questions about their practices and compliance with industry standards.

Summary of Legal Case

The specific case against Shri Sadguru Krishna-2 involved a claim from the promoter. They contended that the font size of the RERA registration number and website address was smaller than that of the project address, which they attributed to a stipulation in their agreement. However, the final verdict found them guilty of this violation under Circular 18, leading to a penalty.

Patterns in Legal Cases

Cases Lost

In the published complaint, the pattern suggests a failure to comply with established guidelines regarding transparency in advertising and communication of project details. Such violations, particularly in real estate, can indicate a potential lack of attention to regulatory obligations, which can be alarming for prospective buyers.

Cases Won

Shri Sadguru Krishna-2 does not have any cases that have been won according to the data, suggesting that their legal outcomes are not favorable. This could imply concerns about their practices or defenses in legal proceedings.

Conclusion: Assessing Shri Sadguru Krishna-2

From our analysis, Shri Sadguru Krishna-2's single legal case and subsequent loss indicate that the builder may not be fully compliant with all regulatory requirements. Potential buyers should exercise caution and conduct thorough research before making a decision. The lack of positive legal outcomes suggests that prospective buyers may face risks involving transparency and adherence to regulations.

Tips for Potential Buyers

1. Conduct Research: Investigate the builder's track record and gather feedback from current or past buyers.
2. Check Legal Compliance: Look for any legal issues or complaints against the builder. Verify if they have resolved such issues satisfactorily.
3. Visit Projects: If possible, visit completed projects by Shri Sadguru Krishna-2 to assess build quality and design firsthand.
4. Read Agreements Carefully: Scrutinize all agreements or contracts for any clauses that may be concerning.
5. Consult Experts: Engage with real estate professionals or legal advisors to better understand any implications associated with purchasing from this builder.

General Tips for Selecting Any Builder

• Reputation Matters: Focus on builders with a solid reputation and positive customer feedback.
• Quality Assurance: Look for guarantees on quality and after-sales service.
• Verify Credentials: Ensure the builder is registered with relevant real estate authorities and has all necessary certifications.
• Ask for References: Request client references to understand their experiences.
• Be Informed: Stay updated on market trends and legal changes that may affect property purchases.

In conclusion, while purchasing from any builder, including Shri Sadguru Krishna-2, it is essential to be diligent and informed at every step. Your investment in real estate should be grounded in comprehensive research and due diligence.

Analysis of the cases filed against the builder Shri Sadguru Krishna-2, which it lost, revealed several key themes across the various disputes. The cases can be broadly categorized into regulatory non-compliance and penalties imposed for project delays.

In terms of regulatory non-compliance, the builder faced legal action primarily due to the improper display of the RERA registration number and website address. The promoter claimed that the font size of these details was smaller than that of the project address, asserting that this was in violation of their agreement and Circular 18. This highlights a pattern where builders may prioritize their project's promotional aspects over regulatory requirements, leading to legal repercussions.

The penalties for project delays in these cases were triggered by the builder's failure to adhere to the established norms and agreements. The common reason for the builder's losses stems from insufficient adherence to these regulations, resulting in penalties such as the imposition of a Rs. 10,000 fine in the cited case.

The underlying factor in the builder’s litigation involves a fundamental misunderstanding or disregard for regulatory standards. This suggests that potential buyers should be cautious and thoroughly check a builder's compliance history before making any investment. It is crucial to ensure that the builder respects regulatory requirements and prioritizes transparency to avoid delays and penalties, which can ultimately affect the timelines and the handover of projects.