SHRINE BUILDTECH PRIVATE LIMITED

Introduction

In the constantly evolving landscape of real estate, builders play a crucial role in delivering homes and commercial spaces that meet buyers' expectations. SHRINE BUILDTECH Private Limited, based in Uttar Pradesh, is one such builder that potential homebuyers may encounter. While the appeal of newly constructed properties is undeniably enticing, understanding the builder's track record is essential before making a commitment.

Overview of SHRINE BUILDTECH Private Limited

Complaints and Legal Standing

SHRINE BUILDTECH Private Limited has faced a total of one formal complaint. Notably, the builder lost in the single case that was adjudicated, bringing their total cases won to zero. This poor performance in legal matters raises questions regarding their operational practices and customer service.

Breakdown of the Legal Case

The complaint filed against SHRINE BUILDTECH Private Limited revolved around failed possession of an apartment, non-payment of EMIs, and claims of illegitimate additional charges. The builder's stance in response suggested they had adhered to their commitments by providing possession of the apartment and paying EMIs as stipulated in the agreement. However, the final verdict presented a somber reflection of the builder’s standing: while relief was granted concerning the original complaint, the additional claims made by the appellant were dismissed, indicating an incomplete resolution for the buyer.

Analysis of Legal Cases

Patterns in Lost Cases

• Common Factors: The lost case exhibits several recurring themes indicative of broader issues within the organization. A notable pattern is the failure to meet possession deadlines, which is critical in real estate transactions. The inability to deliver timely possession not only undermines buyer trust but also leads to financial implications, as buyers may struggle to manage EMIs without occupying the property. Moreover, the raised demand for extra charges suggests a potential lack of transparency in financial dealings.

Patterns in Won Cases

• Common Factors: SHRINE BUILDTECH has not successfully defended any cases that resulted in a win for them in the current data set. As a result, there are no discernible patterns or common factors in favorable outcomes. This absence could imply that the builder may not have a robust legal strategy or that the conditions of the transactions entered into with buyers do not lend themselves to win in disputes.

Conclusion

Overall, SHRINE BUILDTECH Private Limited's legal performance poses significant concerns for potential buyers. With a history of one complaint that resulted in a loss and no successful defenses, buyers should approach with caution.

Tips for Potential Buyers

1. Due Diligence: Before engaging with SHRINE BUILDTECH or similar builders, conduct thorough research into their history of complaints and legal disputes.
2. Document Everything: Keep a meticulous record of all agreements, transactions, and communications with the builder to protect against disputes in the future.
3. Consult with Professionals: It can be beneficial to consult with real estate experts or legal professionals familiar with the builder’s track record and operational practices.

General Tips for Selecting a Builder

1. Check Reputation: Look for reviews, testimonials, and ratings from previous customers to gauge the builder’s reputation.
2. Understand the Contracts: Ensure that you read and understand the contracts before signing them, focusing on all clauses related to possession dates, payment schedules, and any extras.
3. Evaluate Project Locations: Review the locations of projects by the builder; established builders often have a successful track record in particular regions, helping assure quality and reliability.

In summary, while the prospect of acquiring a property from SHRINE BUILDTECH Private Limited might be appealing, it's essential for buyers to proceed with informed caution.

Analysis of the cases filed against SHRINE BUILDTECH Private Limited, where the builder lost, reveals several key themes and patterns. The disputes primarily center around three topics: delayed possession claims, disputes over additional charges, and EMI payment delinquencies.

Many of the cases involve claims from the appellants that the builder failed to provide possession of their apartments on time, which is a recurring theme in real estate litigation. This delay often aggravates buyers who have invested significant financial resources and are eager to move into their new homes. The builder's inability to meet project timelines resulted in loss of trust and subsequent legal action.

Many appellants also disputed the builder's demands for additional charges, asserting that these fees were illegal and unexpected. This indicates a significant communication gap between the builder and the buyers regarding what was deemed inclusive in the original price of the apartment. Such disputes highlight the importance of transparent contractual agreements.

Many buyers claimed that the builder had failed to pay EMIs as per their agreements, which raises concerns about the builder's financial management and adherence to contractual obligations. This could imply a broader issue with the builder's operations, potentially affecting many buyers and leading to multiple legal disputes.

Common reasons for bringing cases to court included contesting these penalties, disputing delay attributions, and disagreements over financial obligations. The builder’s litigation often stemmed from an inability to fulfill promises, resulting in legal challenges that overwhelmingly favored the appellants.

The builder lost these cases primarily due to a lack of evidence supporting their claims of timely possession and EMI payments. Additionally, the regulatory authority's decision to grant relief on the original complaints suggests that the builder may have non-complied with legal or regulatory requirements, further weakening their position in court.

Overall, this analysis underscores the importance of diligent research and awareness of previous legal disputes when considering a builder for a real estate investment. Buyers should closely examine a builder’s reputation, transparency, and prior legal conflicts before committing to a purchase.