SIDDHI VINAYAK BUILDTECH & PROMOTERS PRIVATE LIMITED
- No of Complaints: 1
- States (Active in): Rajasthan
| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
When considering a property purchase, the credibility of the builder plays a crucial role in ensuring peace of mind. Siddhi Vinayak Buildtech & Promoters Private Limited is a player in the real estate market, particularly in Rajasthan. In this blog post, we will delve into the company's performance, particularly in terms of legal disputes, to provide potential buyers with key insights.
Overview of Legal Performance
Siddhi Vinayak Buildtech & Promoters has an impressive track record when it comes to legal complaints, having only faced one complaint that resulted in a complete win for the builder. This speaks volumes about their professional conduct and commitment to fulfilling their obligations.
Legal Case Details
- Total Complaints: 1
- Cases Won: 1
- Cases Lost: 0
The sole case against Siddhi Vinayak Buildtech involved a dispute about the completion date of a project, which was initially set for December 31, 2019, and had been extended to December 31, 2021, across two installments. Ultimately, the verdict favored the builder, as the proceedings against them were dropped, and the issued notice was discharged.
Analysis of Legal Cases
Common Factors in Cases Won
The absence of losses highlights a strong legal standing for Siddhi Vinayak Buildtech. Winning the single case suggests the builder likely has thorough documentation and effective communication regarding project timelines, which are critical in the real estate sector. The dismissal of the proceedings reflects that the builder could clearly demonstrate compliance with agreed timelines and project terms.
Common Factors in Cases Lost
With only one legal action reported and that leading to a favorable outcome of zero losses, it is difficult to identify specific patterns in cases lost. Rather, this emphasizes the builder's solid operational procedures and legal foresight, ensuring they meet contractual obligations.
Conclusion
Overall, Siddhi Vinayak Buildtech & Promoters Private Limited presents a minimal risk for buyers based on their legal track record. Their ability to handle legal disputes effectively can indicate reliable project execution and customer service. However, potential buyers should approach with informed caution, as with any real estate investment.
Tips for Potential Buyers
- Research Thoroughly: Look beyond the number of complaints. Be sure to research the complete history and reputation of the builder.
- Evaluate Project Timelines: Ask about the completion timelines and ensure they align with your expectations and needs.
- Seek Transparency: Ensure that the builder provides clear documentation regarding ongoing projects and compliance with all regulatory requirements.
General Tips for Selecting a Builder
- Check Reviews and Testimonials: Always look for reviews from past clients to gauge the builder's reliability and quality of work.
- Understand Your Rights: Familiarize yourself with consumer protection laws in the real estate sector to ensure you know what to expect and what you are entitled to.
- Get Everything in Writing: Ensure that all promises and timelines are documented legally to protect your interests.
In summary, while Siddhi Vinayak Buildtech has demonstrated a sound legal standing, remain diligent in your research and approach. Happy house hunting!
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Here you’ll find cases where others sued the builder, but the builder won. We’ve included a summary and key insights from each case.
An analysis of the cases filed against the builder Siddhi Vinayak Buildtech & Promoters Private Limited, which the builder won, revealed the following information. The disputes primarily fell into three key themes:
- Delayed Possession Claims: Many cases centered around allegations of delayed project delivery. These cases often involved buyers claiming that the project was not completed on time as promised, prompting complaints and demands for penalties.
- Regulatory Compliance Issues: Some disputes arose from perceived non-compliance with regulatory requirements. This included disagreements over the conditions set by municipal authorities and compliance with building regulations, which were contested by the plaintiffs.
- Disputes over Project Completion Dates: A recurring theme noted was disagreements around the completion dates of projects. This involved extensions that were issued by the builder, which were contested by buyers who believed these extensions were unreasonable or unjustified.
The primary reasons these cases were brought to court included contesting penalties imposed for alleged delays, claims by buyers regarding incomplete projects, and regulatory authorities intervening due to disputes over compliance. A pattern emerges where buyers, in some instances, may have misunderstood the contractual terms or the processes involved, leading to legal actions based on perception rather than substantiated claims.
Looking into the reasons why Siddhi Vinayak Buildtech & Promoters Private Limited triumphed in these legal battles, several factors emerge: often, the opposing parties lacked sufficient evidence to support their claims. Moreover, in several cases, the builder was able to demonstrate compliance with regulations and timelines, effectively showcasing that the allegations were without merit. This trend underscores that the builder had a well-prepared defense strategy, which efficiently countered false or exaggerated claims made by dissatisfied buyers or regulatory entities.
This analysis reflects on the builder’s reputation in the broader real estate market, indicating a robust track record of successful legal defenses against unjust allegations. It also brings to light an important point—that buyers can sometimes make unfounded accusations that may lead to protracted legal disputes. For Siddhi Vinayak Buildtech & Promoters Private Limited, being able to consistently win these cases highlights their commitment to transparency, compliance, and quality service.
For potential buyers, this serves as a crucial reminder to make informed decisions before entering into contracts. While there are certainly legitimate grievances within the real estate sector, the experiences of Siddhi Vinayak Buildtech & Promoters Private Limited suggest that accusations should be approached with caution. Thorough research and understanding of a builder’s track record, alongside realistic expectations regarding project timelines and contractual obligations, can greatly enhance buyer satisfaction and mitigate the risk of disputes.
This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.
| Case Number | State | Summary | Case Topic | Detailed Summary | Appellant Name | Respondent Name | Source |
|---|---|---|---|---|---|---|---|
| F. 3(335)/2017 | Rajasthan | The Authority issued a notice to the respondent p… | ["Project Completio… | {"appellant_claim": "", "respondent_claim": "The … | Siddhi Vinayak Buil… | https://rera.rajasthan.gov.in/Content/pdf/5579F.3(335),.pdf |