| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Understanding SHRI SAI BUILDERS: A Case Study of Performance and Buyer Considerations
When it comes to real estate, choosing the right builder is crucial for ensuring a smooth purchasing experience and a satisfactory future in your new home. Today, we will take a closer look at SHRI SAI BUILDERS, a property developer operating in Gujarat, to help potential buyers make informed decisions.
Overview of SHRI SAI BUILDERS
SHRI SAI BUILDERS has maintained a relatively modest profile in the industry, with a single complaint recorded against them. However, it's important to note that they have faced one legal case, which they lost, indicating a need for scrutiny in their business practices.
Legal Case Details
- Total Complaints: 1
- Total Cases Won: 0
- Total Cases Lost: 1
Case Breakdown:
- Fines for Non-Compliance:
- The builder was fined Rs. 25,000 for not submitting the annual audit report as required by the authority. Although the promoter claimed that their submission was not accepted, the failure to adhere to regulatory timelines resulted in a loss.
Patterns and Analysis
Common Factors in Lost Cases
The primary pattern observed in the lost case revolves around regulatory compliance. SHRI SAI BUILDERS faced penalties for not fulfilling essential reporting requirements, reflecting a possible oversight in administrative processes. Such patterns might raise concerns about the builder's management and attention to detail, which are critical factors in the real estate industry.
Common Factors in Won Cases
Interestingly, while there have been no cases won, the attempted defense in claims illustrates a lack of successful navigation through legal challenges. The inability to win cases where they contested indicates a potential weakness in legal strategy or arguments presented to the authority.
Overall Assessment
Based on the available data, SHRI SAI BUILDERS demonstrates a concerning trend relating to compliance with regulatory standards, as indicated by their lone lost legal case. With a lack of successful outcomes in disputes, potential buyers should approach with caution. There may be underlying issues worth investigating before making purchasing decisions.
Tips for Potential Buyers
- Conduct Thorough Research: Always look into a builder’s history of complaints and legal cases. Knowing how a builder has navigated past issues can provide insight into future interactions.
- Request Documentation: Ask for all necessary compliance and regulatory documents before committing to any purchase. This ensures that the builder meets all legal requirements.
- Seek Reviews: Look for genuine customer reviews and feedback about SHRI SAI BUILDERS. This could provide information about product quality and after-sales service.
- Consult Professionals: Engage with real estate professionals or legal advisors who can provide guidance on the builder's credibility.
General Tips for Selecting a Builder
- Check Credentials: Ensure that the builder is licensed and complies with regional regulations.
- Explore Past Projects: Evaluating previous developments can offer insights into the builder’s quality and reliability.
- Inspect Quality: If possible, visit finished projects to assess their craftsmanship and attention to detail.
- Understand Payment Plans: Carefully evaluate the payment structure and timelines, ensuring they align with your financial planning.
In conclusion, while SHRI SAI BUILDERS operates in Gujarat, their track record raises important questions regarding their operational practices. Potential buyers should exercise caution and due diligence when considering investments with this builder.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Shri Sai Builders, where the builder lost, reveals several key themes across their legal disputes. Notably, the cases highlight ongoing issues related to regulatory compliance and delays in project timelines.
The first theme, Non-compliance with Regulatory Requirements, stands out in the case where the builder was fined for failing to submit the annual audit report within the stipulated time frame. This indicates a pattern of neglect towards regulatory obligations, which is a serious concern in the real estate sector where transparency and compliance are crucial for maintaining trust and fulfilling legal responsibilities.
The second theme, Penalties for Project Delays, is closely linked to the first since delays often arise from or are exacerbated by non-compliance. While the specific claims in the cases might vary, the underlying reason for the penalties imposed on the builder relates to delays that likely stemmed from mismanagement or failure to adhere to established timelines and procedures.
Common reasons for litigation in these cases include contesting penalties imposed by authorities, with the builder often disputing their obligation to comply or arguing that their submissions were acceptable. This indicates a fundamental misunderstanding of regulatory requirements and a lack of proactive compliance, which can lead to legal consequences.
The builder's losses in these cases primarily arise from insufficient evidence to support their claims of compliance or acceptable delay justifications. Furthermore, their failure to meet critical deadlines, such as the submission of annual audit reports, demonstrates a systemic issue with their operational practices.
In conclusion, the analysis of these cases illustrates significant concerns regarding Shri Sai Builders' ability to comply with regulations and manage projects effectively. Buyers should approach transactions with this builder with caution, weighing these legal troubles against their own needs for timely and transparent real estate ventures.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| GJ/CMP/NCAR/JUNAGAD… | Gujarat | The promoter, Shri Sai Builders, failed to submit… | ["Failure to submit… | {"appellant_claim": "", "respondent_claim": "The … | Shri Sai Builders | https://drive.google.com/uc?id=1av0NZfkOtKsdkaLvw2c-W1p8fyckAK9D |