SHRI SHYAM ENTERPRISES PRIVATE LIMITED

Introduction

In the competitive real estate market, potential buyers often seek to understand their builders' reputations. Today, we delve into Shri Shyam Enterprises Private Limited, focusing on their legal standing based on recent data. This analysis will provide insights into the builder's performance through their interactions with buyers and legal authorities, particularly in Haryana.

Legal Performance Overview

Shri Shyam Enterprises has been involved in a total of 5 legal complaints, all of which they have successfully navigated. Their record reflects a strong performance in legal disputes, with zero cases lost and all decisions favoring the builder. Here’s a closer look at the details of the cases:

1. Case Summary: The complaints predominantly involve issues related to the non-completion of flats, where the appellants sought refunds. In the first case, a refund was ordered with interest due to the project's incompletion, which stemmed from non-payment of dues by the allottees.
2. Withdrawal of Complaints: The subsequent cases resulted in complaints being withdrawn with the liberty for the claimants to refile before the Haryana Real Estate Regulatory Authority. This suggests that while issues may have arisen, the resolution encouraged complainants to seek official regulatory guidance rather than continue litigation.

Patterns in Legal Cases

Common Factors in Cases Won

1. Successful Refunds: In the one case where payments were pursued for incompletion, the builder was ordered to refund, indicating accountability for project delays.
2. Resolution Through Authority: Most cases ended with a withdrawal by the complainants, pointing towards a preference for resolution through formal regulatory channels rather than continued disputes.

Observations from Cases Lost

Interestingly, Shri Shyam Enterprises has not lost any cases, which is a significant indicator of their operational integrity and responsiveness to regulatory engagements.

Conclusion

Based on the outlined data, Shri Shyam Enterprises Private Limited demonstrates a commendable legal track record. Their ability to win all disputes, coupled with the resolution mechanisms in place, highlights their commitment to accountability and responsiveness to potential client issues.

Tips for Potential Buyers

1. Research Thoroughly: While the track record appears strong, always conduct thorough research and be well-informed about any builder before making a purchase.
2. Seek Regulatory Clarity: If issues arise, do not hesitate to consult the Haryana Real Estate Regulatory Authority for guidance on any disputes or concerns.

General Tips When Selecting a Builder

1. Check Past Performance: Look into the builder's history of project completions, customer feedback, and legal standing.
2. Visit Completed Projects: Whenever possible, visit existing projects to assess quality firsthand.
3. Understand Contracts: Ensure you fully comprehend the contracts, focusing on terms related to delivery timelines and penalty clauses for delays.

In conclusion, Shri Shyam Enterprises Private Limited stands as a builder with a solid legal reputation, which is crucial for prospective buyers to consider when making their home-buying decisions.

An analysis of the cases filed by the builder, Shri Shyam Enterprises Private Limited, which it won, revealed the following information:

The cases filed by the builder can generally be categorized into a couple of key themes. The first theme revolves around 'Refund Claims for Uncompleted Projects'. In this case, the builder sought refunds for flat purchases that were not completed, attributing the delays to non-payment of dues by allottees. The second theme is the 'Withdrawal of Complaints with Regulatory Authority', where several complaints were withdrawn with liberty to refile before the Haryana Real Estate Regulatory Authority, indicating that issues may not have been as serious as initially thought.

The builder commonly brought these cases to court primarily to seek refunds when projects were delayed, often citing non-compliance or non-payment from the allottees as a significant reason for the delays. The withdrawal of complaints also suggests that many disputes could be resolved or reconsidered when reviewed under proper legal channels, highlighting the importance of following regulatory processes in real estate transactions.

The builder's success in these cases can largely be attributed to several factors. In the case of refund claims, the builder was able to prove the lack of payment and compliance from buyers, who may have made unfounded claims. The observed withdrawals of complaints suggest that the opposing parties often lacked sufficient evidence to substantiate their claims against the builder. This reflects a tendency for buyers to escalate disputes without fully understanding contractual or regulatory obligations, which can lead to misunderstandings.

This analysis gives a glimpse into the builder’s reputation within the market. It underscores the fact that builders like Shri Shyam Enterprises Private Limited can, and do, successfully defend themselves against potential false or exaggerated claims made by buyers and other parties. This ability to navigate legal challenges signifies the builder's strength and resilience in the face of disputes, which is vital in the often tumultuous realm of real estate.

To potential buyers, this serves as an essential reminder regarding the importance of making informed decisions. While legitimate disputes certainly exist in the real estate field, this analysis highlights that builders have legal avenues to defend themselves against unjust allegations. It is wise for buyers to approach claims with caution, ensuring they investigate and seek reliable information before forming opinions about a builder's reputation. Knowledge is paramount in making sound investments in the real estate market.