| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When considering real estate investments, it’s essential to assess the reputation and reliability of builders. In this blog post, we will delve into the performance of Shripal Developers, a builder operating in Rajasthan, and provide insights based on their legal records.
Overview of Shripal Developers
Shripal Developers has generated some attention in the construction and real estate sector, particularly in Rajasthan. However, potential buyers and investors should analyze the builder's complaint history and legal standings before making commitments.
Legal Track Record
Shripal Developers has faced a total of 1 complaint. Unfortunately, they have lost that case, which may raise some concern for potential investors.
Legal Case Details
The sole legal action against Shripal Developers resulted in a verdict where a penalty of Rs. 2,00,000 was imposed due to their failure to complete a project within the estimated time frame and their lack of application for a project extension. This incident could reflect on the builder's commitment to timely delivery and customer satisfaction.
Analysis of Legal Outcomes
Understanding the patterns in the builder’s legal outcomes is crucial:
Patterns in Cases Lost
- Failure to Deliver on Time: The case lost by Shripal Developers was centered on their inability to complete a project within the agreed timeframe. This highlights a possible trend or risk when engaging with them for future projects.
Patterns in Cases Won
Interestingly, while Shripal Developers has not won any cases, the lack of this record suggests they may not have a strong defense mechanism or strategy when faced with customer grievances or legal challenges. This lack ultimately reflects on their operational practices and accountability.
Conclusion
Based on the data presented, Shripal Developers has a borderline reputation within the industry, especially considering their legal history with a lost case. Potential buyers should approach this builder with caution and carry out comprehensive due diligence before making any purchases.
Tips for Potential Buyers
- Research the Builder: Always review a builder’s legal history, complaint records, and resolutions documented in public forums to gauge reliability.
- Seek Reviews: Look for feedback from previous homebuyers regarding their experiences with Shripal Developers. Personal testimonials can provide invaluable insights.
- Inspect Current Projects: If possible, visit existing projects and interact with current residents to assess quality and timeline adherence.
- Get Everything in Writing: Ensure that all agreements, timelines, and service promises are documented to safeguard your investment.
General Tips for Selecting Any Builder
- Check Credentials: Confirm that the builder has the necessary licenses and permits required by local authorities.
- Evaluate Previous Projects: Investigate the quality of previous projects completed by the builder and their adherence to timelines.
- Review Financial Stability: Assess the builder’s financial stability; a solid background often correlates with reliability in project completion.
- Negotiate Terms: Discuss and negotiate warranty terms, payment schedules, and completion dates before signing any contracts.
By leveraging this information, potential buyers can make informed decisions when considering working with builders like Shripal Developers in Rajasthan.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Shripal Developers, where the builder lost, reveals several key themes and key patterns underlying the disputes. The cases can be broadly categorized into two main topics: Delayed Possession Claims and Penalties for Project Delays.
The first type of cases primarily involves claims made by buyers regarding delays in the possession of their properties. Buyers often contend that the builder failed to adhere to the promised timelines, leading to significant delays in project completion. This is a common theme in real estate disputes, as buyers expect and rely on timely possession of their investments.
The second category revolves around penalties imposed on the builder for these delays. In the case summarized, a penalty of Rs. 2,00,000 was imposed on Shripal Developers for failing to complete a project within the estimated completion date without applying for an extension. This highlights a crucial regulatory requirement in the real estate sector, where builders must meet deadlines or face the consequences.
A pattern emerges from these cases: buyers are increasingly contesting delays and the associated penalties, reflecting a growing demand for accountability in the real estate market. Common triggers for litigation include a lack of communication regarding project timelines, insufficient updates on delays, and disagreements over the builder's obligations post-delay.
The builder’s losses in these cases can be attributed to several factors. Notably, the failure to apply for an extension for the project completion timeline resulted in the imposition of penalties, indicating a lack of compliance with regulatory procedures. Moreover, the builder's defenses were likely inadequate, failing to convince the court that the delays were justified or beyond their control.
In conclusion, the analysis of these cases underscores the importance of transparency, adherence to timelines, and regulatory compliance in the real estate sector. Buyers should be vigilant and informed about their rights, particularly concerning delayed possession and project timelines. When considering a builder, it's crucial to look at their track record with such matters to make informed decisions.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| F 3(487)/2017 | Rajasthan | The respondent promoter failed to complete the re… | ["Failure to comple… | {"appellant_claim": "", "respondent_claim": "", "… | Shripal Developers | https://rera.rajasthan.gov.in/Content/pdf/9842F.3(487),.pdf |