SHRI SHUKRA JEWELERY LIMITED

Introduction to Shri Shukra Jewelery Limited

Shri Shukra Jewelery Limited is a builder operating in Gujarat with a focus on delivering jewelry projects to its clientele. However, the builder's legal history raises some flags worth discussing in detail.

Legal Overview

While engaging in the real estate and construction industry, it is common for builders to face complaints and legal challenges. In the case of Shri Shukra Jewelery Limited, there has been one recorded complaint:

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

This paints a concerning picture, suggesting that the builder has faced difficulty in upholding its legal obligations.

Case Details

The single case against Shri Shukra Jewelery Limited is particularly revealing. The complaint was filed because:

• The promoter claimed completion of the project before the deadline and did not submit the final report as required.
• The verdict resulted in the builder being penalized with a fine of Rs. 25,000 for violating Section 11 of the RERA Act and related orders.

Analysis of Legal Patterns

Cases Lost

Since Shri Shukra Jewelery Limited has not won any cases to date and has lost the one filed against them, it indicates a potential trend of non-compliance with legal standards and buyer agreements. The case reflected a failure to meet administrative requirements, which is critical in the real estate sector. Since the builder did not successfully uphold its claims regarding project completion, it is a significant red flag for potential buyers.

Cases Won

On the flip side, while there are no successful cases to highlight, the builder's marketing of projects may indicate an intention to deliver; however, the current legal situation does not support confidence in their operational integrity.

Conclusion

Overall, Shri Shukra Jewelery Limited's track record is concerning for potential buyers. The lack of successful cases and the singular complaint which resulted in legal penalties suggest a need for caution.

Tips for Potential Buyers

If you are considering purchasing from Shri Shukra Jewelery Limited, here are a few recommendations:

1. Conduct Thorough Research: Look into the builder’s reputation in the market. Check online reviews and seek opinions from previous clients.
2. Inspect Projects: If possible, visit the already completed projects by the builder to assess quality and craftsmanship firsthand.
3. Legal Documentation: Ensure all legal documentation, including registration and project approvals, are in order before proceeding with any purchase.
4. RERA Compliance: Verify compliance with the Real Estate (Regulation and Development) Act (RERA). Ensure the builder has not only been registered but also adheres to its provisions.

General Tips for Selecting Any Builder

• Check Credentials: Always verify the builder’s credentials, including licenses, past projects, and market standing.
• Legal History: Analyze the builder’s legal history – a pattern of complaints is a significant warning signal.
• Quality Assurance: Look for builders with a history of delivering high-quality projects within the promised timeline.
• Customer Service: Assess the quality of customer service provided by the builder. Communication and responsiveness are crucial throughout the buying process.

In summary, while buying property, it is essential to proceed with diligence and clarity, especially when potential red flags exist. While Shri Shukra Jewelery Limited has made its mark, the available data advises cautious consideration.

Analysis of the cases filed against Shri Shukra Jewelry Limited, where the builder lost, reveals several key themes across their legal disputes.

The cases highlight issues primarily revolving around "Non-compliance with RERA Act," "Penalties for Project Delays," and "Disputes over Project Completion Reporting." In the example outlined, the promoter faced a penalty for violating Section 11 of the RERA Act due to their failure to submit a final project report after completing the project ahead of schedule. This indicates a broader trend where builders may not fully adhere to the regulatory requirements set forth by the RERA Act, particularly concerning project reporting and timelines.

Common reasons for litigation in these cases include contesting the imposed penalties and disputing claims of project delays. Builders often argue that they have completed projects within the stipulated timelines or attribute delays to other factors beyond their control. However, as seen in the case of Shri Shukra Jewelry Limited, a common pattern emerges wherein builders fail to fulfill their reporting obligations, leading to legal consequences.

The primary reason for the builder's losses in these cases centers around their non-compliance with the RERA Act and associated regulations. The imposition of penalties usually stems from the builder’s failure to provide necessary documentation or reports, which is crucial for verifying compliance with legal requirements. In the highlighted case, the builder's assertion that they completed the project on time was not sufficient to negate the requirement for a final report, illustrating a significant misunderstanding of their obligations under the RERA Act.

Overall, these legal disputes serve as a cautionary tale for builders about the importance of adhering to the RERA Act and maintaining proper project documentation. For potential buyers, this underscores the need for diligence in understanding a builder's reputation and history of compliance before making any purchase decisions.