SHRIMAYA BUILDCON PRIVATE LIMITED

Introduction

In the world of real estate, choosing the right builder is paramount for ensuring a smooth and satisfactory buying experience. One such entity is Shrimaya Buildcon Private Limited, which operates primarily in the state of Haryana. However, before making a commitment, it's essential to understand the builder's track record, particularly concerning legal disputes with buyers. This article delves into the available data on Shrimaya Buildcon, offering potential buyers critical insights.

Overview of Legal Cases

Shrimaya Buildcon Private Limited has faced two complaints filed against it, both of which resulted in the builder losing the cases. These outcomes are particularly important for prospective buyers to note, as they may reflect the builder's reliability and commitment to fulfilling contractual obligations.

Legal Case Details

Both cases filed against Shrimaya Buildcon present strikingly similar narratives:

• Appellant Claim: The complainants sought an assured return of Rs. 18,000 on a monthly basis from 03.07.2015 until the commencement of the first lease on their purchased unit.
• Respondent Claim: The builder claimed to have paid a total of Rs. 8,62,800 as the assured return to the complainants thus far.
• Final Verdict: The ruling directed the builder to pay the assured returns as agreed upon, from the date the payments were stopped until the lease began.

Patterns in Legal Outcomes

Cases Lost

The patterns in the cases Shrimaya Buildcon has lost highlight a concerning tendency:

• Failure to Honor Commitments: The primary issue stemmed from the builder not delivering on the promised returns; this points to a lack of follow-through on contractual obligations.
• Repetitive Nature of Complaints: Both cases involved identical claims, suggesting a potential systemic issue within the company's operational or financial practices.

Cases Won

Interestingly, the data indicates that there are no cases won by Shrimaya Buildcon. This absence of successful defenses is alarming, potentially indicating a lack of robust legal foundations or preventive measures concerning buyer agreements.

Conclusion

The legal history of Shrimaya Buildcon Private Limited raises several red flags for potential buyers. With two lost cases and no victories, the builder's reliability is called into question. Here are some recommendations for prospective buyers considering a purchase from them:

• Thoroughly Investigate: Before making any commitments, conduct comprehensive research on the builder's history and reputation within the community.
• Seek Expert Opinions: Consult with real estate experts or legal advisors familiar with the builder’s track record.
• Negotiate Terms Carefully: Ensure that all agreements are documented clearly and include the assurance of returns or payments, if applicable.

General Tips for Selecting a Builder

1. Check Legal History: Research any past legal issues related to the builder to understand their compliance and commitment to buyers.
2. Assess Financial Stability: A builder with a strong financial footing is less likely to face problems in fulfilling contractual obligations.
3. Review Customer Feedback: Look at reviews and complaints from previous buyers to gauge overall satisfaction levels.
4. Understand the Market Norms: Familiarize yourself with market standards in the area to spot red flags in agreements that seem too advantageous.

In conclusion, while Shrimaya Buildcon operates in Haryana, potential homebuyers should approach with caution, armed with the knowledge of possible issues highlighted in their legal history.