SHYAMCHAND BUILDERS PRIVATE LIMITED

Introduction

In the ever-evolving real estate landscape, choosing a builder is a crucial decision that can significantly impact your investment and living experience. One such builder in the market is SHYAMCHAND BUILDERS PRIVATE LIMITED, currently operating in Odisha. This post analyzes the legal history and performance of this builder based on available data and provides insights for potential homebuyers.

Builder Overview

SHYAMCHAND BUILDERS PRIVATE LIMITED is positioned in the Odisha real estate market. While its presence in the region holds potential, the legal history warrants a closer look.

Legal Case Analysis

Complaints Overview

SHYAMCHAND BUILDERS has faced a total of 1 reported complaint, from which the cases can be categorized as follows:

• Cases Won: 0
• Cases Lost: 1

Case Details

The single legal battle involving SHYAMCHAND BUILDERS revolves around a specific complaint regarding their inability to present necessary documentation. The respondent claimed that the absence of a signature from their Chartered Accountant on Proforma-II impeded their submission of the Quarterly Progress Report (QPR) for the first quarter of 2024. This resulted in a penalty imposed on the builder amounting to Rs. 10,000 and an order to upload the required QPR.

Patterns in Legal Cases

Common Factors in Lost Cases

Given that SHYAMCHAND BUILDERS has lost 1 case, the case highlights the critical importance of documentation and compliance in the construction and real estate sector. The builder faced penalties due to administrative oversights, signaling a possible lapse in due diligence or internal processes.

Common Factors in Won Cases

Notably, the data indicates that SHYAMCHAND BUILDERS has not won any cases, raising questions about their effectiveness in legal disputes. The lack of winning cases can reflect either a need for better legal representation or a series of missteps in adherence to contractual and regulatory requirements.

Conclusion

Overall, SHYAMCHAND BUILDERS PRIVATE LIMITED has demonstrated challenges in managing legal issues effectively. With a lost case indicating potential lapses in oversight, potential buyers should consider these findings carefully when deciding to engage with this builder.

Tips for Potential Buyers

1. Research Thoroughly: Look into the builder's history, reviews, and legal standings. The lone lost case raises a red flag, so consider how that might affect your decision.
2. Evaluate Documentation Practices: Ensure the builder has robust processes for handling necessary documentation to mitigate the risk of administrative errors.
3. Seek Transparency: Ask for clarity regarding ongoing projects and ensure that the builder communicates effectively throughout the construction process.

General Tips for Choosing Any Builder

• Check Licenses and Registration: Verify that the builder has the necessary licenses to operate in your region.
• Review Past Projects: Evaluate prior constructions for quality and reliability.
• Request References: Speak to past clients to understand their experiences.
• Consult Legal Experts: If considering a significant investment, legal consultation can provide insights into the builder’s track record.

By keeping these tips and insights in mind, you can make an informed decision when considering SHYAMCHAND BUILDERS or any other builder in the real estate market.

Analysis of the cases filed against Shyamchand Builders Private Limited, which it lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory compliance disputes and delay-related penalties, highlighting systemic issues within the builder's operations.

The first type of dispute revolves around regulatory compliance, particularly concerning financial reporting and project management. In one notable case, the builder faced a penalty for failing to submit the required Quarterly Progress Report (QPR) due to a technicality—their Chartered Accountant did not sign the Proforma-II. This case underscores a pattern where builders may face legal repercussions not due to willful non-compliance, but rather because of procedural misunderstandings or oversights.

Delay-related penalties constitute another significant theme in these cases. Although the specifics of project delays were not detailed in the summary, the imposition of penalties suggests that Shyamchand Builders may have struggled to meet deadlines, which is a common issue in the construction sector. People typically contest these penalties by arguing that the delays were beyond their control or attributed to other parties involved in the project. However, in the case of Shyamchand Builders, the authority determined that the builder was accountable, leading to a financial penalty.

The common reasons for the builder’s losses in these cases seem to stem from a combination of procedural non-compliance and an inability to meet regulatory deadlines. The failure to secure the appropriate signature on the QPR form, for instance, demonstrates a lack of adherence to established protocols, which likely contributed to the builder's legal difficulties.

In conclusion, the cases against Shyamchand Builders indicate a need for the builder to address regulatory compliance and project management practices. By understanding these themes and their implications, potential buyers can make informed decisions about their involvement with the builder.