SLV STRUCTURES

Introduction

When it comes to choosing a builder for your next project, understanding their history and performance is crucial. In this article, we will delve into the case history of SLV Structures, a builder operating in Karnataka, looking closely at their track record, legal challenges, and what prospective buyers should consider before making a purchase.

SLV Structures: A Brief Overview

SLV Structures has one recorded complaint against them, which resulted in one case lost. This statistic might raise concerns, especially for potential buyers who are looking for reliability and accountability in a builder.

Legal Case Details

The specific details of the legal case against SLV Structures reveal critical patterns not only in the complaints but also in how they handled the situation:

• Appellant's Claim: The complainant alleged that SLV Structures did not provide the occupancy and possession certificates despite the completion of their project.
• Respondent's Claim: SLV Structures argued that the complainant had not paid the remaining amount due to them.
• Final Verdict: The Lok Adalat managed the case and, per a joint memo, it was noted that SLV Structures would supply the necessary certifications and complete any pending amenities within specified timelines.

While SLV Structures lost this legal battle, the outcome also suggests some degree of resolution between the parties, as evidenced by the joint memo indicating a commitment to fulfill pending obligations.

Analysis of Case Patterns

Lost Cases

The loss in this case highlights a crucial factor: a potential gap in timely documentation and fulfillment of promises by SLV Structures. Their failure to provide necessary certificates led to legal action. This serves as a cautionary point for future buyers, indicating that adherence to timelines and contractual obligations may need closer monitoring.

Won Cases

Interestingly, although SLV Structures has one reported case, they have not won any cases outright. The single case disposition indicates an environment where legal mediation was prioritized, possibly hinting at a willingness to negotiate and come to a resolution.

Conclusion

In summary, SLV Structures presents a mixed profile. While they have a complaint history with a loss in one legal case, the resolution points towards a more collaborative approach with their clients in restoring trust. For potential buyers, this suggests a need for thorough diligence and clear communication to mitigate risks.

Tips for Potential Buyers

1. Verify Documentation: Always ensure the builder provides necessary certifications like occupancy and possession letters before finalizing any property purchase.
2. Understand Payment Terms: Clarity on the payment structure can prevent misunderstandings that might lead to legal complaints.
3. Discuss Amenities and Completion: Make sure all agreements about pending amenities are documented clearly to avoid discrepancies later.

General Tips for Selecting a Builder

• Research Their History: Look into the builder's past projects, customer feedback, and any legal issues.
• Ask for References: Speak directly to previous clients to get first-hand accounts of their experiences.
• Check for Licenses and Certifications: Ensure the builder operates within legal frameworks and adheres to construction norms.

Choosing a builder is a significant decision, and with the right information and research, buyers can make more informed choices. Always remember that transparency and trust are key when investing in property.