SHUBH LABH REALTY LIMITED

Shubh Labh Realty Limited: A Comprehensive Overview

When choosing a property builder, potential buyers often seek vital insights into their reliability and history regarding customer satisfaction. Shubh Labh Realty Limited operates in Madhya Pradesh and has a track record that merits close examination. This blog aims to summarize the builder's performance, including legal challenges and important tips for prospective buyers.

Legal Case Overview

Shubh Labh Realty Limited has faced legal scrutiny, with a total of 1 complaint lodged against them. The details regarding the legal case indicate that the builder has lost this case.

Case Details:

The core of the complaint involved the applicant asserting that Shubh Labh Realty Limited failed to provide possession of a flat within the promised timeframe and did not refund the owed balance amount. Conversely, the builder argued that they had indeed provided possession and refunded the amount due. However, the ruling was unfavorable for the builder, with the adjudicating officer directing them to pay interest and compensation to the applicant. This loss may serve as a red flag for potential buyers, highlighting the importance of fulfillment in contractual obligations.

Analysis of Patterns in Cases

Common Factors in Lost Cases:

The sole case against Shubh Labh Realty Limited that they lost indicates a significant pattern: issues related to possession and financial restitution. In this instance, the failure to deliver a property on time resulted in legal repercussions. This suggests that potential buyers should be especially cautious about timelines and financial guarantees when dealing with this builder.

Common Factors in Won Cases:

Intriguingly, there are no records of any cases won by Shubh Labh Realty Limited. Therefore, this lack of success in their legal battles further emphasizes the importance of due diligence for anyone considering a purchase from them.

Overall Assessment

Based on the limited data available, Shubh Labh Realty Limited's reputation appears to be concerning, particularly due to the recorded legal loss. With no successful outcomes in cases filed against them, buyers should remain vigilant and conduct thorough research if they are considering any transactions with this builder. The legal landscape indicates a potential risk in engaging with this company, especially if adherence to contractual commitments is a priority for the buyer.

Tips for Potential Buyers

1. Investigate Payment Terms: Given the builder's legal history regarding financial aliments, ensure you fully understand the payment terms and avoid any advance payments not backed by solid agreements.
2. Documentation is Key: Always ask for written records of any agreements, timelines for possession, and commitments regarding refunds and interest.
3. Seek References: Connect with past customers if possible to get their experiences with the builder, focusing on any issues related to possession and commitments.

General Tips for Selecting Any Builder

• Research Builder Reputation: Look for reviews and feedback from previous buyers, which can provide insights into a builder's track record.
• Confirm Licensing and Approvals: Ensure the builder has the necessary licenses and approvals to carry out construction projects legally.
• Scrutinize Contracts Thoroughly: Before signing, it is essential to review contracts in detail or consult a legal expert to clarify any ambiguous terms.
• Understand The Project: Be clear about the project's timeline, the payment schedule, and the materials to be used, which can help avoid unpleasant surprises later on.

In conclusion, while Shubh Labh Realty Limited may offer opportunities in Madhya Pradesh, prospective buyers ought to tread carefully and prioritize gathering comprehensive information and conducting diligent research before making any commitments.

Analysis of the cases filed against Shubh Labh Realty Limited, where the builder lost, revealed several key themes and patterns. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Refund and Compensation Disputes.

In the case summarized, the applicant claimed that the builder failed to provide possession of the flat within the agreed-upon timeframe and did not refund the balance amount owed. This reflects a common theme in real estate litigation where buyers often contest delays in possession, which is critical for meeting their housing needs. The builder's defense, which asserted that possession had been provided and refunds made, indicates a communication or operational breakdown, as the claims made by both parties could not be reconciled.

The verdict in this case mandates the builder to pay interest and compensation, highlighting the legal obligations builders have to fulfill in terms of timely delivery and transparency in financial dealings. This pattern suggests that one of the most compelling reasons buyers bring cases against builders is the frustration and financial strain caused by delayed possession and unfulfilled commitments.

The builder’s loss in this case likely stems from insufficient evidence to support their claims of having delivered possession and made appropriate refunds. This underscores a common factor in these disputes: the inability of builders to provide robust documentation or credible testimony that aligns with the experiences of buyers. Such failures typically result from non-compliance with legal or regulatory requirements, inadequate operational practices, or a fundamental misunderstanding of their obligations in real estate transactions.

In conclusion, the analysis of these cases serves as a cautionary tale for potential buyers of Shubh Labh Realty Limited properties. It emphasizes the importance of thorough due diligence, actively requesting updates on possession timelines, and ensuring that all financial transactions are documented thoroughly. For builders, it highlights the need for transparent operations, reliable communication, and a commitment to meeting the ethical and legal standards that buyers expect and are entitled to.