SIOM REALTY PRIVATE LIMITED

Introduction to Siom Realty Private Limited

Siom Realty Private Limited has made its mark in the real estate sector, particularly in West Bengal, where it operates its various projects. In this blog post, we will analyze the builder's performance based on the legal complaints they have faced and their outcomes, providing potential buyers with a comprehensive overview.

Builder Performance Overview

• Total Complaints: 1
• Cases Won: 1
• Cases Lost: 0

The statistics paint a favorable image of Siom Realty. With a single complaint lodged against them, the builder has successfully resolved this issue in their favor, demonstrating their capacity to effectively manage disputes.

Legal Case Analysis

Cases Won

Siom Realty filed and won one case related to their project named 'Mayukkh.' The appellant claimed they were unable to complete the construction within the stipulated period due to several extenuating circumstances, namely:

• Prolonged effects of the Covid-19 pandemic
• Scarcity of labor
• Disruptions in the supply chain
• Slowing of sales

In this case, the authority recognized these special circumstances and granted an extension of 12 months for the project's completion. This outcome showcases the builder’s proactive approach and responsiveness to unprecedented challenges.

Common Factors in Cases Won

The key takeaway from Siom Realty's legal success is the acknowledgment of external factors impacting construction timelines. The consideration given to the pandemic's effects and supply chain disruptions highlights the importance of transparency and communication in resolving disputes effectively.

Conclusion and Assessment

Overall, the data portrays Siom Realty Private Limited as a builder that navigates challenges adeptly while maintaining a solid legal standing. Potential buyers can take heart from the builder's ability to manage claims and demonstrate a willingness to adhere to regulations and guidelines concerning project timelines.

Tips for Potential Buyers

1. Stay Informed: Always inquire about the builder's past projects and current legal standings. Siom Realty's single complaint, resolved successfully, could be seen as a positive indicator.
2. Open Communication: Maintain continuous communication with the builder regarding your selected project. Understanding their challenges and timelines can provide peace of mind.
3. Research Projects: Look into other projects completed by Siom Realty to gauge the quality of their work and customer satisfaction levels.

General Tips for Selecting a Builder

• Check Reviews and Complaints: Always review the builder's reputation. Multiple complaints can indicate underlying issues.
• Legal History: Assess how a builder has handled legal complaints in the past. A strong track record of resolution is a positive sign.
• Visit Projects: If possible, visit completed or ongoing projects to evaluate the quality and craftsmanship firsthand.
• Pricing Transparency: Ensure that all fees and potential costs are clearly communicated upfront to avoid any hidden charges down the line.

In conclusion, Siom Realty Private Limited presents itself as a builder capable of overcoming challenges, offering potential homebuyers a reliable option in West Bengal’s real estate market.

An analysis of the cases filed by the builder, Siom Realty Private Limited, which it won, revealed the following information.

The builder has primarily engaged in disputes related to delayed possession claims, specifically regarding the inability to complete construction within the stipulated time frame.

In the notable case concerning the project 'Mayukkh', the builder cited special circumstances such as the prolonged impact of the Covid-19 pandemic, labor shortages, and supply chain disruptions as the reasons for the construction delay.

This case exemplifies the challenges builders faced during the pandemic, which were beyond their control.

These cases highlight a recurring pattern wherein the builder contests penalties or claims related to project delays attributed to external factors.

This indicates a broader trend in the real estate sector where construction timelines are often affected by unforeseen circumstances, leading builders to seek extensions and clarifications in court to defend their positions.

The builder's success in these cases can be attributed to several factors, including the credible presentation of evidence supporting their claims of external challenges, such as those posed by the pandemic.

Additionally, the absence of sufficient counter-evidence from opposing parties has also led to favorable rulings for the builder.

This sheds light on the fact that misunderstandings or lack of awareness regarding the nature of project delays can lead to misdirected claims against builders.

Insights drawn from the analysis indicate that while disputes in the real estate market are common, not all claims against builders are justified.

In the case of Siom Realty Private Limited, it demonstrates a notable ability to defend itself against unfounded or exaggerated claims.

This aspect plays a significant role in shaping the builder's reputation within the industry, as it showcases their resilience and adherence to legal frameworks during challenging circumstances.

For potential buyers, this analysis serves as a crucial reminder of the importance of making informed decisions in the real estate market.

While there are indeed legitimate disputes, understanding the context and the common patterns in legal cases can aid buyers in forming a more nuanced understanding of a builder's reputation.

Siom Realty Private Limited's experience suggests that buyers should approach claims against builders carefully, seeking reliable information and context before forming judgments.

This prudent approach is essential in an industry that can sometimes be marred by unfounded accusations and miscommunication.