SHUBH REALITIES

Introduction

Navigating the real estate market can be daunting, especially when considering builders with a less-than-stellar track record. One such builder is SHUBH REALITIES based in Madhya Pradesh, which has caught the attention of many potential buyers. This article aims to provide a detailed analysis of SHUBH REALITIES based on legal complaints and outcomes to help you make an informed decision.

Overview of SHUBH REALITIES

SHUBH REALITIES has been involved in three legal complaints, unfortunately losing all three cases. The status of their projects is currently limited to Madhya Pradesh, indicating a potentially localized reputation influenced by customer experiences in this region.

Legal Case Details

The conflicts between the builder and the buyers involved claims primarily centered around the lack of possession of flats that were fully paid for. Here’s an analysis of the legal proceedings:

Cases Won

1. Compensation for Not Delivering Possession: In one notable instance, a buyer claimed that SHUBH REALITIES failed to deliver possession of their flat as per the agreement and sought compensation.
• Outcome: The adjudicating officer awarded the applicant compensation and interest, highlighting the implications of the builder’s non-compliance with the RERA Act.

Patterns in the Cases Won

• Common Threads: The cases won often revolved around the denial of possession and payments owed to buyers per the contract terms. The builder’s response frequently involved questioning the applicability of the RERA Act, which ultimately did not hold up against the demands of the applicants.

Cases Lost

SHUBH REALITIES has met with unfavorable outcomes in three cases filed against them. The common factors across these cases include:

1. Failure to Provide Possession: Multiple complaints detail buyers who paid in full but received no possession of their properties, indicating a troubling pattern of operational delays or mismanagement in project delivery.
2. Refund Agreements: Interestingly, in cases where buyers remain adamant about obtaining their refunds, the builder has agreed to refund amounts along with additional compensation after legal intervention.

Patterns in the Cases Lost

• Non-Compliance: The consistency in losing cases suggests a pattern of non-compliance with contractual obligations. It highlights serious issues in their project execution or customer service, specifically concerning timely delivery of properties.
• Financial Liability: The financial burden placed on them in the form of refunds and compensation points toward a lack of preparedness or appropriate capital management.

Conclusion

Based on the information provided, it is clear that SHUBH REALITIES has a challenging history with customer satisfaction and project delivery. The builder has yet to provide satisfactory outcomes in homeowner disputes, which raises red flags for potential buyers.

Tips for Potential Buyers

1. Do Your Research: Before purchasing a property from SHUBH REALITIES, closely examine the ownership trends and customer feedback in the region to gauge current sentiments.
2. Consult Legal Experts: Given the legal disputes, consider consulting with a property lawyer for insights into your rights as a buyer and the implications of these disputes.
3. Ask for Project Updates: If you still consider a purchase, request clear timelines for project completion and possession to ensure that SHUBH REALITIES has clear objectives in place.

General Tips for Selecting a Builder

• Check Reviews and Complaints: Look for detailed reviews online, and check for any complaints lodged with consumer courts or real estate regulatory authorities.
• Verify Credentials: Ensure that the builder is registered with RERA and check their track record for timely project completions.
• Visit Completed Projects: If possible, visit existing projects to assess quality and reliability firsthand.

By taking these considerations into account, prospective buyers can better safeguard their investments and avoid the pitfalls associated with unreliable builders.

Analysis of the cases filed against the builder SHUBH REALITIES, where the builder lost, revealed several key themes and patterns across the disputes. The cases primarily revolved around three common themes: delayed possession claims, compensation and interest disputes, and refund along with additional compensation.

The delayed possession claims involved applicants who had paid the full amount for flats in the project 'Sai Sidda Heights' yet had not received possession despite repeated requests. The builder consistently claimed that the construction work was ongoing and provided an unrealistic completion date of June 30, 2049. This indicates a significant mismatch between the builder's promises and delivery timelines, leading to multiple legal disputes.

Compensation and interest disputes emerged as another major theme. In one case, the applicant claimed that the builder had violated the RERA Act by failing to provide possession and compensate them as per the agreement. The builder's defense was rooted in their assertion of compliance with the RERA Act, yet they ultimately lost the case, leading to an order for compensation and interest. This highlights an ongoing issue where builders may not fulfill their contractual obligations, prompting legal action from aggrieved buyers.

Refund and additional compensation cases further illustrated the builders' unfulfilled commitments. In two identical cases, the builder agreed to refund the entire payment of Rs. 26.00 lakh along with an additional compensation of Rs. 4.00 lakh to the applicants. This demonstrates a pattern where not only did the builder fail to deliver properties on time, but they also were unable to uphold their end of the financial agreement, resulting in significant refunds and compensation payouts.

Common reasons for the builder's losses in these cases include:

• Insufficient evidence to support their claims of timely construction and delivery.
• Non-compliance with the RERA Act, which mandates certain responsibilities toward homebuyers.
• Failure to meet clear contractual obligations regarding possession timelines and compensation.

Overall, this analysis indicates a troubled track record for builder SHUBH REALITIES, with patterns emerging that should be alarming to potential buyers. Buyers are encouraged to exercise caution and thoroughly investigate a builder's history of litigation and customer satisfaction before making any commitments.