SHRI VISHWANATH PROCON PRIVATE LIMITED

Assessing Shri Vishwanath Procon Private Limited: A Candid Review for Homebuyers

When choosing a builder for your future home, due diligence is crucial. One such builder is Shri Vishwanath Procon Private Limited, which has garnered attention in the real estate sector. In this post, we will analyze the builder based on available complaint data and legal outcomes, and offer advice for prospective buyers.

Overview of Shri Vishwanath Procon Private Limited

Shri Vishwanath Procon Private Limited operates in Gujarat and has faced a total of 5 complaints. Unfortunately, the builder has a record of losing all 5 cases filed against them. This raises potential red flags for interested buyers.

Legal Case Details

Cases Lost

Shri Vishwanath Procon Private Limited has not won any cases. Instead, they face penalties for various regulatory violations. The specifics of these cases include:

• Penalties for Reporting Violations: In multiple instances, the builder was fined for failing to submit quarterly reports required by law, particularly under the Real Estate (Regulation and Development) Act, 2016 (RERA).
• Fines Imposed for RERA Violations: The authority repeatedly penalized the builder for breaches of the RERA Act and associated regulations, indicating a persistent lack of compliance with legal standards.
• Specific Claim Example: One notable case involved the builder’s claim of a mistake in submitting the quarterly report for their project 'Pancharatna Residency,' which resulted in a fine of Rs. 50,000 for timely reporting failure.

Cases Patterns

The common theme in the cases lost by Shri Vishwanath Procon is the lack of compliance with legal reporting requirements. The builder's failure to meet these obligations not only resulted in penalties but also raised concerns about their operational practices and commitment to transparency. On the other hand, the cases that the builder ostensibly "won" actually ended in fines, underscoring their recurring legal struggles rather than actual victories.

Conclusion: A Candid Assessment

With a history of losing all legal cases and incurring fines, Shri Vishwanath Procon Private Limited may not be the ideal choice for prospective homebuyers. Their inability to adhere to basic regulatory requirements could signify potential issues with project execution and customer service.

Tips for Potential Buyers

1. Due Diligence: Before deciding to work with Shri Vishwanath Procon Private Limited, conduct thorough research into their past projects and legal standing.
2. Avoiding Risks: Assess the implications of any legal penalties and fines the builder has faced, especially in relation to compliance and customer satisfaction.
3. Seek Transparency: Request clear communication regarding project timelines and legal compliance, ensuring the builder provides solid evidence of adhering to regulations.

General Tips for Selecting a Builder

• Check for Reviews and Testimonials: Look for feedback from previous customers to understand their experiences.
• Ask About Completed Projects: Investigate the quality and timeliness of delivery on previous projects.
• Evaluate Financial Stability: Ensure the builder is financially sound to avoid potential project delays or stoppages.
• Verify Legal Compliance: Ensure the builder adheres to all local regulations, reducing the risk of future disputes.

In conclusion, while every builder has its strengths and weaknesses, the track record of Shri Vishwanath Procon Private Limited reveals significant concerns. Prospective buyers should approach cautiously and consider all factors before making a decision.

Analysis of the cases filed against Shri Vishwanath Procon Private Limited, where the builder lost, revealed significant insights into their legal disputes. The cases can be grouped into three primary themes: non-compliance with the RERA Act and Rules, penalties for late submission of quarterly reports, and violations of other regulatory requirements.

The first theme encompasses the builder's failure to adhere to the Real Estate (Regulation and Development) Act, 2016, resulting in penalties imposed by the authority. This highlights a troubling pattern of neglecting legal obligations related to real estate projects. The second theme focuses on the late submission of mandatory quarterly reports. In one notable case, the builder was fined Rs. 50,000 for delaying the submission of the fifth quarterly report for their project 'Pancharatna Residency.' This indicates a lack of diligence in maintaining required documentation and adherence to timelines.

Common reasons for the disputes in these cases include the builder's failure to comply with regulatory requirements and their inability to meet project reporting deadlines. People brought cases to court primarily to contest the penalties imposed for these violations and to highlight the builder's accountability under the law. The patterns emerging from these summaries suggest that the builder faced litigation due to a consistent disregard for procedural requirements and timelines, leading to multiple instances of non-compliance.

The builder lost these cases predominantly due to their insufficient adherence to the RERA Act and other regulations. The repeated violations led to a series of penalties that not only incurred financial costs but also tarnished the builder's reputation in the real estate market. The common factors contributing to their losses include a lack of timely report submissions, inadequate justification for the delays, and an overall failure to meet regulatory standards. This underscores the importance of transparency and compliance in the real estate sector, serving as a cautionary tale for buyers and builders alike.