SHRIRAM PROPERTIES LIMITED

Understanding Shriram Properties Limited: A Closer Look at Legal Outcomes and Buyer Insights

Shriram Properties Limited, a player in the real estate market, has a mixed track record in legal proceedings. With a total of 120 complaints filed against them, the builder stands at a critical crossroads reflected in their legal performance: winning 46 cases and losing 74. This blog aims to dissect these cases, yielding insights for potential buyers and a better understanding of the company's operational tendencies.

Analyzing Case Outcomes

Cases Lost by Shriram Properties

In the instances where Shriram Properties filed and lost cases, common factors emerge:

• Non-Compliance with RERA Act: Many lost cases revolved around the builder's failure to deposit amounts as mandated by the RERA Act, notably in matters pertaining to compensation claims. For instance, in multiple appeals, the dismissals cited non-depositing as the primary reason, showcasing an inability to adhere to regulatory requirements.
• Delay …

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Analysis of the cases filed against Shriram Properties Limited, where the builder lost, reveals several key themes and key takeaways regarding their legal disputes.

The cases can be broadly categorized into types such as delayed possession claims, refund and compensation disputes, non-compliance with RERA regulations, delay compensation and interest, and settlements reached through amicable resolutions.

Many of the complaints filed against Shriram Properties stem from significant delays in delivering possession of flats or apartments. Buyers often found themselves in disputes over the delayed fulfillment of contractual obligations, leading to claims for compensation and interest on the delayed periods. For instance, numerous cases involved buyers seeking refunds due to the builder’s failure to hand over property within the stipulated timelines, highlighting serious concerns about project management and adherence to deadlines.

A recurring pattern in these cases is the builder's defense, which frequently cited unforeseen circumstances and force majeure …

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The analysis of the cases filed by the builder Shriram Properties Limited, which it ultimately lost, reveals significant insights into the recurring issues and themes in its legal disputes.

One major theme evident across the cases is the Non-deposit of Compensation Amount. In several instances, the builder claimed an inability to deposit the total amount payable to the allottees as directed by the learned Adjudicating Officer. This lack of compliance with monetary obligations led to the dismissal of appeals, often hinging on the interpretation of the RERA Act’s requirements for such deposits.

Another common theme is related to Disputes over Delay Compensation. The builder frequently contested the orders directing payment for delays, arguing that these orders were unfair or incorrect. The consistent argument from the builder was centered around challenging financial penalties attributed to project delays, showcasing a pattern where the builder attempted to shift responsibility for these …

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An analysis of the cases filed by the builder, which it won, revealed the following information. The various cases can be grouped into several recurring themes that reflect common disputes encountered by Shriram Properties Limited.

1. Delayed Possession Claims: Many cases revolve around claims for delayed possession of flats, where the builder contested accusations of not delivering properties on time. The builder often argued that delays were due to external factors, while opposing parties sought compensation and interest for the time lost.
2. Disputes over Payment of Interest and Compensation: Several cases were filed concerning orders for the payment of interest for delay periods. The builder frequently aimed to set aside these orders, claiming that they were unjust and not in alignment with the established regulatory framework.
3. Jurisdiction and Authority Disputes: A notable number of cases involved challenges against the jurisdiction of the Adjudicating Officer …

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An analysis of the cases filed against the builder, Shriram Properties Limited, which the builder won, revealed the following information:

1. Delayed Possession Claims: Many complaints revolved around disputes regarding the timely possession of properties. Buyers claimed delays in receiving possession and sought compensation. However, the builder successfully argued that possession was provided per the agreed timeline or that the complaints were prematurely filed, leading to dismissals on the grounds of no cause of action.
2. Disputes over Settlement Amounts: A significant number of cases involved negotiations for full and final settlements. In several instances, the complaints were resolved amicably, whereby the complainants accepted the amounts offered by the builder, demonstrating a willingness to settle rather than pursue lengthy litigation.
3. Claims for Compensation: Complaints for compensation related to project delays or for any perceived loss were prevalent. The builder effectively defended against these claims by demonstrating disagreements about the actual circumstances leading …

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