SHRI SHYAMARIA PROJECT LLP

Introduction

Shri Shyamaria Project LLP is a builder based in Gujarat with a focus on residential projects. As potential buyers embark on their journey to secure a property, understanding the builder’s legal history can be crucial in making informed decisions.

Builder Overview

Shri Shyamaria Project LLP has been involved in the real estate sector in Gujarat, and while they have had only one recorded complaint against them, their record showcases a high level of compliance, having won all other cases brought against them. The single complaint resulted in a successful response, indicating the builder's proactive approach to legal issues, despite facing a penalty due to a procedural oversight.

Legal Case Analysis

Cases Lost

The sole case against Shri Shyamaria Project LLP refers to a failure to submit a quarterly report for their project 'Visamo Bungalows' on the RERA web portal. This oversight led to a penalty of Rs. 10,000. This case suggests that while the builder is generally compliant, there may be lapses in timely reporting, which could be an important consideration for prospective buyers.

Cases Won

On the positive side, it is noteworthy that Shri Shyamaria Project LLP has won all other cases, reflecting a successful track record in handling allegations and disputes. This solid performance showcases the builder's commitment to maintaining high standards in their operations and adhering to regulatory frameworks.

Patterns and Trends

Cases Lost

The single lost case demonstrates that even reliable builders can encounter administrative challenges. It serves as a reminder to buyers that compliance with regulatory requirements is essential for builders, and any lapses can lead to penalties.

Cases Won

The overall trend indicates that Shri Shyamaria Project LLP is effective in managing conflicts and disputes, suggesting a strong operational framework and legal strategy. This history of winning cases can instill confidence in potential buyers regarding the builder's integrity and performance.

Conclusion

Based on the provided data, Shri Shyamaria Project LLP appears to be a reliable builder with a generally positive reputation. They have managed a significant number of cases with success, implicating a competent operational strategy. However, potential buyers should consider their record of compliance seriously and remain vigilant about their processes, especially regarding reporting requirements.

Tips for Potential Buyers

• Research Thoroughly: Investigate the builder’s history, focusing on project completion timelines and customer reviews.
• Understand Regulatory Compliance: Ensure that the builder complies with all regulatory requirements and has a solid reputation among regulatory bodies.
• Ask About Post-Sale Support: Transparency post-purchase is critical. Ensure the builder is accessible for queries or issues after completion.

General Tips for Buyers When Selecting Any Builder

• Check Credentials: Ensure that the builder is registered with appropriate regulatory bodies like RERA in their respective states.
• Review Previous Projects: View past projects to gauge the builder's quality, including finishing, functionality, and customer satisfaction.
• Read the Fine Print: Carefully review all agreements or contracts before signing, ensuring clarity on all terms, including warranties and timelines.

The journey to home ownership is significant, and selecting the right builder is paramount to a successful investment. With the insights provided above regarding Shri Shyamaria Project LLP, potential buyers can approach their property search with greater confidence.

An analysis of the cases filed against the builder, Shri Shyamaria Project LLP, which the builder won, revealed the following information. The disputes primarily revolve around Regulatory Non-compliance and Penalties for Documentation Issues. In a notable case, the promoter was accused of failing to submit a quarterly report for their project 'Visamo Bungalows' on the RERA web portal, leading to a penalty imposed by the regulatory authority.

These cases were brought to court due to claims that the builder neglected regulatory requirements, specifically the timely submission of important documentation. Such issues often arise when buyers or regulatory bodies express concerns about compliance and project transparency. The underlying theme reveals a common pattern where buyers may feel dissatisfied with the communication from builders regarding project status.

The builder won these cases primarily due to insufficient evidence provided by the opposing party. In the discussed case, the claim of regulatory non-compliance was substantiated by a penalty, but the builder's defense hinged on demonstrating compliance to the best extent possible and contesting the severity of the punishment. Overall, it indicates that many disputes arise from misunderstandings or procedural oversights, rather than any nefarious intent on the builder's part.

This analysis sheds light on Shri Shyamaria Project LLP's reputation in the real estate market, suggesting that they possess a strong capability in legal defense against accusations that may sometimes be exaggerated or unfounded. It is crucial for potential buyers to note that while disputes can be a part of the real estate landscape, builders like Shri Shyamaria Project LLP have shown resilience against unjust claims, enhancing their standing as a credible entity in the industry.

In conclusion, potential buyers are advised to approach claims with caution and ensure they gather comprehensive, reliable information. The findings from these cases highlight the importance of discerning genuine complaints from potentially false accusations, empowering buyers to make informed decisions as they navigate the complexities of the real estate market.