| CIN | Not Available |
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| Year Established | Not Available |
| Address | Not Available |
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Introduction
In the world of real estate, selecting a builder is a pivotal decision that can significantly impact your investment and overall home-buying experience. One such builder, Silver Developers, has attracted attention due to a series of legal disputes. In this blog post, we will delve into the complaints against Silver Developers and analyze the outcomes of their legal cases to provide potential buyers with valuable insights.
Overview of Silver Developers
Silver Developers operates primarily in the state of Chhattisgarh and has faced scrutiny due to two formal complaints filed against them. Notably, they have lost both cases in which they were involved. This unfavorable record raises concerns for potential clients considering their services.
Legal Case Summaries
Silver Developers has encountered legal issues where applicants claimed dissatisfaction with the services provided. Below are summaries of these cases:
- Case 1: An applicant paid Rs. 4,55,000 for a plot but reported that the builder failed to execute any agreement and did not develop the plot, despite the payment. The authority ruled in favor of the applicant, requiring Silver Developers to pay Rs. 7,05,364 along with interest.
- Pattern in Loss: The case highlights a significant failure on the part of Silver Developers to fulfill their contractual obligations, leading to a financial penalty.
- Case 2: Another applicant sought a refund for a plot in a project that was stalled due to land disputes. The non-applicant claimed the applicant was not entitled to a refund because the matter was under arbitration. However, the authority found the builder liable for the delay and ordered a full refund with interest.
- Pattern in Loss: This scenario underlines a repeated theme within the builder’s operations — a lack of proper project execution and failure to effectively communicate arising disputes, resulting in legal consequences.
Patterns in Cases
- Common Factors in Lost Cases: Both lost cases share a common theme of inadequate contract execution and failure to develop properties as promised. Silver Developers' inability to manage disputes with landowners has also been highlighted, further complicating the delivery of promised services.
- Common Factors in Won Cases: Interestingly, Silver Developers hasn't won any legal battle, which may indicate systemic issues within their operational practices and customer relationship management.
Conclusion
In light of the provided data, Silver Developers presents potential homebuyers with a cautionary tale. The builder has faced multiple complaints that led to unfavorable outcomes in legal disputes, indicating potential risks involved in transactions with them.
Tips for Potential Buyers
- Research Thoroughly: Investigate a builder's track record, especially focusing on customer complaints and legal disputes.
- Seek Transparency: Ensure that all financial transactions and agreements are documented clearly.
- Be Cautious with Payments: Avoid making substantial payments without clear agreements and assurances of project timelines.
- Look for Reviews: Review feedback from previous customers to gauge the builder's reliability and quality of service.
General Tips for Selecting Any Builder
- Check for Credibility: Ascertain the builder's market reputation and any certifications or affiliations they may have.
- Understand Legal Rights: Familiarize yourself with your rights as a buyer and ensure any agreements include dispute resolution terms.
- Visit Completed Projects: If possible, visit projects previously completed by the builder to assess quality and craftsmanship.
By critically evaluating the performance and legal history of builders like Silver Developers, potential buyers can make informed decisions that prioritize their interests and investments.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Silver Developers, where the builder lost, reveals several key themes and patterns. The cases primarily revolve around three common topics: delayed possession claims, disputes over land ownership and development, and refund claims due to inadequate development.
Many of the claims made by the applicants involve delayed possession of plots for which they had paid. In these cases, the builder failed to execute agreements or develop the plots, leading to claims for refunds or compensation. For instance, in one case, the applicant paid Rs. 4,55,000 for a plot, but after receiving the payment, the builder did not develop the plot or finalize any agreements. Similarly, in another case, the applicant sought a refund due to the lack of development work on a plot in a project managed by the builder.
The builder's defense often revolved around disputes with the original landowners, which they claimed were responsible for the delays. However, the verdicts did not accept this defense; instead, they held the builder accountable for the delays and failure to develop the plots as promised. Across the cases, a pattern emerges where the builder attributes delays to external factors rather than acknowledging any internal shortcomings or failures to comply with regulatory requirements.
The reasons for the builder’s losses in these cases are multifaceted. A common factor is the builder's inability to fulfill contractual obligations, particularly concerning timely development and delivery of plots. There is also a lack of substantiated evidence to support the builder's claims of external disputes causing delays. Ultimately, the builder's failure to meet expectations and provide services as agreed upon led to the legal actions and resultant losses.
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 |
|---|---|---|---|---|---|---|---|
| 4॥-?20-2020-00993 | Chhattisgarh | The applicant, Ritesh Ramteke, filed a complaint … | ["Non-execution of … | {"appellant_claim": "The applicant claimed that h… | Ritesh Ramteke | Silver Developers | https://rera.cgstate.gov.in/Content/ComplaintDocuments/Application_M-PRO-2020-00993/FILE_FINAL_ORDER_b194dd4d-16c5-408e-bc72-1c88a5976c9d.pdf |
| 454-S20-2020-00992 | Chhattisgarh | The applicant sought refund of amount paid for a … | ["Refund for delaye… | {"appellant_claim": "The applicant sought refund … | Dayashankar Shukla | Silver Developers | https://rera.cgstate.gov.in/Content/ComplaintDocuments/Application_M-PRO-2020-00992/FILE_FINAL_ORDER_da5b38ec-b841-408c-acb9-934602b82c92.pdf |