CIN | Not Available |
---|---|
Year Established | Not Available |
Address | Not Available |
Company Status | Not Available |
Overall Case Outcomes
When purchasing property, buyers often seek peace of mind regarding the reliability and reputation of builders. One builder that has recently garnered attention is Shriram Green Field Phase 1 in Karnataka. This blog post delves into the legal history associated with this builder, examining the number of complaints lodged and the outcomes of those cases, to give potential buyers a clearer picture before making a purchase.
Shriram Green Field Phase 1 has faced three complaints. Unfortunately for the builder, all three cases have ended in loss. Such outcomes can raise red flags for potential buyers and underscore the importance of investigating a builder's legal history.
The legal landscape surrounding the builder is marked by three significant cases, all of which they lost:
A noticeable pattern emerges from the cases lost by Shriram Green Field Phase 1. All instances involved claims related to project delays and failure to adhere to the commitments regarding completion and amenities. External factors cited by the builder—including strikes and economic changes—indicate a tendency to attribute responsibility away from their operations, failing to provide timely deliverables to their clients.
Interestingly, while the builder has lost three cases, the specific details provided indicate that there were no cases that resulted in a win. This may be a cause for concern for prospective customers looking for a dependable builder.
The overall assessment of Shriram Green Field Phase 1 portrays a builder embroiled in legal challenges without any favorable outcomes. The consistent themes across lost cases—project delays and failing to meet obligations—underscore potential risks for future buyers.
In conclusion, while Shriram Green Field Phase 1 may offer appealing projects, potential buyers should proceed with caution, armed with awareness of past legal challenges. Safeguarding against potential pitfalls is crucial in the real estate journey.
Yearly Trend for these Cases
Analysis of the cases filed against Shriram Green Field Phase 1, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around three common topics: delayed possession claims, compensation disputes, and incorrect respondent claims.
Many of the cases involve delayed possession claims, where plaintiffs assert that the builder has failed to complete the project on time or provide necessary amenities, including occupancy certificates. For instance, in one case, the plaintiff claimed that the developer had delayed the completion of the project, which led to the authority ordering the builder to pay a delay compensation of 2% more than the interest fixed by the State Bank of India annually from July 2018 till the date of possession. Similar claims were made in another case where the builder was ordered to pay compensation and other amounts due to the delay.
Compensation disputes are another recurring theme, often tied to the delayed possession claims. Plaintiffs seek compensation for the distress and financial losses caused by the builder's inability to meet project timelines. The builder's defense typically attributes delays to external factors like strikes and demonetization; however, the RERA authority has consistently sided with the plaintiffs, indicating a degree of disfavor towards the builder's justifications.
Incorrect respondent claims highlight an interesting aspect of the builder's litigation strategy. In one case, the builder claimed that the plaintiff had filed the complaint against the wrong respondent, which resulted in the withdrawal of the complaint and the need for a fresh filing. This shows a potential tactical maneuver by the builder to avoid addressing the core issues raised by the plaintiffs.
The common triggers for litigation in these cases primarily revolve around the builder's failure to deliver completed units on time and the resultant dissatisfaction from buyers. The reasons the builder lost these cases include insufficient evidence to support their claims of external delays causing the project setbacks, failure to comply with the required timelines, and a lack of transparency in their dealings with buyers.
Overall, this analysis indicates a concerning trend for buyers regarding Shriram Green Field Phase 1's project management and compliance with buyer expectations. Buyers should weigh these factors carefully when considering investments in properties developed by this builder.
No reviews for this builder yet. Be the first one to share your thoughts!