SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED

Introduction

Navigating the real estate market can be daunting, especially when considering builders with a mixed legal history. This blog provides an overview of SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED, focusing on their legal standing, project experiences in Rajasthan, and offering helpful tips for potential buyers.

Overview of SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED

SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED operates primarily in the state of Rajasthan. With a single recorded complaint, the company has faced some scrutiny in its operations. The legal outcomes have revealed that the builder has not won any cases to date, facing a loss in the one recorded instance. This raises important considerations for potential clients.

Legal Case Details

In the sole legal case documented, the builder was found at fault for not complying with specific regulatory requirements:

• The authority claimed violations under section 11(2) of the Act due to the absence of their registration number and website visibility in promotional materials.
• The builder countered that the violation was inadvertent and insisted they had not previously advertised in violation of regulations.
• Despite this claim, a penalty of Rs. 50,000 was imposed on the builder, marking this as an important point of contention in their operational history.

Analysis of Legal Patterns

Cases Won

• Common Factors: Interestingly, there have been no cases won by SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED, which indicates a concerning trend regarding their compliance with legal standards and customer service expectations.

Cases Lost

• Common Factors: The builder faced a complete loss in the one case reviewed, which revolved around a technical regulatory breach concerning advertising disclosures. This highlights a potential pattern of oversight in adhering to legislative requirements, suggesting possible negligence or a lack of due diligence in adhering to regulations within the real estate framework.

Conclusion

The legal history of SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED points to a challenging path in their relationship with regulatory authorities. While their operations are localized to Rajasthan, prospective buyers should weigh the legal outcomes heavily in their decision-making process.

Tips for Potential Buyers

1. Conduct Thorough Research: Investigate the builder’s history in depth. Look into any complaints, customer reviews, and their operational transparency.
2. Review Legal Compliance: Ensure that the builder adheres to all property registration and advertisement regulations to avoid future legal entanglements.
3. Consult with Legal Advisors: Before making any decisions, it’s advisable to speak with a real estate attorney or advisor who can provide insights based on their prior experience and knowledge of state regulations.

General Tips for Selecting a Builder

• Check Financial Stability: Review the financial health of the builder to ensure they can complete the projects.
• Look for Completed Projects: Visit completed properties to assess the quality of construction and design, speaking with current homeowners if possible.
• Read the Fine Print: Always review contracts carefully, paying close attention to the clauses regarding penalties, timelines, and payment terms.

In conclusion, while SHYAMASHISH COLONIZERS AND DEVELOPERS PRIVATE LIMITED may offer properties in Rajasthan, their legal history warrants caution. Potential buyers must proceed with diligence and informed decision-making to safeguard their investments.

Analysis of the cases filed against Shyamashish Colonizers and Developers Private Limited, where the builder lost, reveals several key themes across the disputes. The cases highlight two primary areas of concern: regulatory non-compliance and penalties for violations imposed by the authority.

In terms of regulatory non-compliance, the builder was found to have violated provisions of the Act, specifically section ११ (२), which mandates the display of the registration number and website of the Authority on promotional materials such as brochures and hoardings. This violation reflects a broader pattern of neglecting regulatory obligations, which is a common trigger for legal action against builders.

The penalties imposed on the builder serve as a direct consequence of these violations. In one notable case, the authority penalized the builder with a fine of Rs. ५०,००१ for failing to adhere to the required promotional guidelines. This penalty indicates a systemic issue within the builder's operations, where compliance with regulatory standards was not prioritized, leading to legal repercussions.

The reasons provided for these violations were inadequate; the builder claimed inadvertence, which highlights a lack of due diligence and proper oversight in their marketing and promotional activities. Such defenses typically fall short in court, as they fail to meet the regulatory requirements and expectations set by the governing bodies in the real estate sector.

In conclusion, the analysis of these cases demonstrates the importance for builders to acknowledge and adhere to regulatory standards. The common themes of non-compliance and subsequent penalties in the cases against Shyamashish Colonizers and Developers Private Limited serve as a cautionary tale for builders regarding the legal and financial risks associated with neglecting their obligations. For potential buyers, this underscores the need to conduct thorough research into a builder's reputation and history of regulatory compliance before making any investment decisions.