SHUBH ATLANTIS

Introduction

In the real estate landscape, understanding a builder's track record can significantly impact your purchasing decisions. In this blog, we will explore Shubh Atlantis, a builder operating primarily in Rajasthan. We’ll delve into their legal history, including complaints, case outcomes, and offer insights for prospective buyers.

Overview of Shubh Atlantis

Shubh Atlantis is a developer based in Rajasthan. With only one recorded complaint against them, the data suggests that they have managed to maintain a relatively low incidence of issues with clients. However, it's important to analyze the single case won and the single case lost to gain a clearer picture of their credibility.

Legal Cases Overview

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

Case Summaries

While Shubh Atlantis has one unsatisfactory outcome in their legal history, the developer was involved in another case where they were fined:

• Case Outcome: In the lone case that was determined in favor of the appellant, the developer faced a fine of Rs. 3 Lakh for failing to include the RERA registration number and details on their advertisements. This violation pertains directly to the Real Estate (Regulation and Development) Act, 2016, which mandates transparency and accountability in real estate marketing.

Analysis of Legal Cases

Cases Lost

The one case lost by Shubh Atlantis indicates an issue with compliance regarding advertisement regulations. The failure to include essential information such as the RERA registration number reflects a lack of attention to necessary legal standards aimed at protecting consumers in the real estate sector. This pattern could suggest potential oversight in operational aspects of the business.

Cases Won

In contrast, Shubh Atlantis maintains that they were unaware of the requirements related to the RERA registration number. However, the inability to substantiate this claim indicates a possible lack of knowledge about essential real estate regulations, which can pose concerns for prospective buyers regarding the builder's understanding and adherence to regulatory frameworks.

Conclusion

Based on available data, Shubh Atlantis demonstrates a need for improvement in legal compliance and transparency. The single complaint and associated fine highlight a cautionary point for potential buyers. While the low number of complaints may seem positive, the implications of their legal oversight present significant considerations.

Tips for Potential Buyers

• Thorough Research: Before engaging with Shubh Atlantis, potential buyers should conduct thorough research, not only about the builder but also regarding RERA and other legal obligations tied to real estate purchases.
• Documentation Review: Ensure all communications and advertisements include necessary legal numbers and details to safeguard your interests.
• Seek Reviews: Investigate online reviews and testimonials from previous clients to better understand their experiences with Shubh Atlantis.
• Legal Consultation: It may be beneficial to consult with a legal professional familiar with real estate transactions to fully comprehend any obligations and rights you may have.

General Tips for Selecting Any Builder

• Reputation Check: Look for builders with a proven track record in quality construction and timely delivery.
• Transparency: Choose builders who provide clear documentation and open communication channels.
• Visit Sites: If possible, visit current or past projects managed by the builder to assess workmanship and adherence to quality standards.
• Legal Compliance: Verify that the builder complies with local regulations, especially those set out by RERA or similar governing bodies.

In summary, while Shubh Atlantis has a relatively low number of complaints, the implications of their legal history should be carefully considered by potential buyers. Being informed and diligent in your research can help ensure a positive real estate purchasing experience.

Analysis of the cases filed against Shubh Atlantis, where the builder lost, reveals several key points across the spectrum of disputes encountered in real estate transactions.

The cases highlight two primary themes: regulatory non-compliance and penalties for violations. In the realm of regulatory non-compliance, the builder faced challenges related to their advertising practices. Specifically, the developer was fined for failing to mention the RERA registration number and website in their advertisements, which is a clear requirement under the Real Estate (Regulation and Development) Act, 2016. This highlights a pattern where builders may not be adequately informed or may choose to disregard regulatory obligations, leading to legal repercussions.

The reason people commonly bring cases to court against builders like Shubh Atlantis often revolves around the builder’s failure to adhere to established regulations or standards. In this instance, the builder contested the penalty imposed for their non-compliance, indicating a degree of misinformation or misinterpretation of the rules they are subject to. Such patterns point to a broader issue in the real estate sector where builders may not be receiving sufficient guidance or training on regulatory compliance, resulting in legal disputes that could be avoided.

Examining the outcomes of these cases, it is evident that builders like Shubh Atlantis often lose due to insufficient evidence in their defense or a clear failure to meet regulatory requirements. In the case at hand, the builder's defense—that they were unaware of the need to include RERA information in advertisements—was ultimately inadequate, leading to a fine. This underscores the importance for builders to engage with legal experts and ensure thorough compliance with all regulatory standards to mitigate the risk of legal penalties and disputes.