SPYTECH BUILDCON PRIVATE LIMITED
- No of Complaints: 2
- States (Active in): Rajasthan
| CIN | U45201RJ2005PTC020946 |
|---|---|
| Year Established | 27-Jun-05 |
| Address | 501, "GEETANSH" CLASS OF PEARL, K-48, 49 INCOME TAX COLONY, TONK ROAD JAIPUR RJ 302018 IN |
| Company Status | Private |
Introduction
In the world of real estate, choosing the right builder is paramount for a smooth and satisfactory home-buying experience. Spytech Buildcon Private Limited, a builder operating primarily in Rajasthan, has garnered attention due to their legal standing and customer interactions. In this blog post, we will delve into the performance of Spytech Buildcon by analyzing their legal cases and providing assessment insights for potential buyers.
Legal Case Overview
Spytech Buildcon has been involved in a total of two legal complaints, both of which the builder successfully defended, leading to a remarkable record of winning 100% of their cases. Let’s examine the details surrounding these legal challenges:
- Case Summary
- First Case: The appellant alleged that Spytech Buildcon failed to develop the project and did not apply for an extension of project registration. In response, the builder defended themselves by stating that the association of allottees is registered under the Rajasthan Societies Registration Act, 1958. The outcome was favorable for the builder, as the notice against them was discharged, along with the revocation of interim directions.
- Second Case: It involved claims related to project completion. The builder argued that the project was completed within the validity period, obtaining the completion certificate from an empanelled architect on March 19, 2020. The court agreed, stating that the project was indeed completed on time, leading to the dropping of the proceedings and discharge of the notice.
Case Analysis
Patterns in Lost Cases
Interestingly, the cases where Spytech Buildcon faced complaints were not lost but were rather resolved in favor of the builder. The complaints revolved around project development timelines and registrations under local laws. Both instances illustrate challenges that can arise in project management and communication with stakeholders.
Patterns in Won Cases
The builder demonstrated robust legal defenses, successfully establishing project completion and adherence to regulations, underlying a strong inclination towards compliance with local laws. The valid documentation, including the completion certificate obtained from an architect, played a crucial role in their victories.
Conclusion
Based on the information presented, Spytech Buildcon Private Limited emerges as a builder with a commendable legal standing, having successfully addressed all complaints filed against them. Not only have they demonstrated a commitment to fulfilling project requirements, but their legal acumen also reflects a proactive approach to managing potential disputes.
Tips for Potential Buyers
- Due Diligence: Before finalizing your purchase, ensure you conduct thorough research on the builder’s past performance and customer references.
- Project Verification: Always verify the completion certificates and project status through official channels to confirm that the builder has met all regulatory requirements.
General Tips for Homebuyers
- Documentation Review: Scrutinize all documentation, including contracts and plans, and don’t hesitate to seek legal counsel if necessary.
- Understanding Rights: Familiarize yourself with your rights as a buyer under local real estate laws, which can provide protection and clarity in disputes.
In summary, while Spytech Buildcon has thus far maintained a clean legal slate, prospective buyers should remain vigilant and informed, ensuring that their investments are sound and their homes are built as promised.
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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, Spytech Buildcon Private Limited, which the builder won, revealed several key themes and insights into the nature of disputes involving real estate transactions and project development.
The primary themes identified include Project Completion Disputes, where buyers claimed that the builder did not complete the agreed-upon work or failed to provide necessary documentation; Claims of Non-Compliance, often revolving around regulatory standards or project registrations; and Disputes over Registration and Validity, focusing on the legal standing of project approvals.
In these cases, opposing parties often brought forth claims citing delays in project completion, non-issuance of completion certificates, or failure to register the project accordingly. Patterns emerge indicating that buyers and allied parties frequently contested the obligations of the builders, claiming that their rights or interests were compromised. Key reasons for these court submissions often hinge on perceived inadequacies or failures to adhere to contractual agreements, or regulatory expectations.
Spytech Buildcon Private Limited, as evident from the verdicts, successfully countered these allegations. The builder won based on crucial factors such as the evidence presented not meeting the required burden of proof, the timely provision of documentation like completion certificates, and appropriate responses to registrations. The outcomes suggest that claims made by buyers were sometimes unfounded or exaggerated, allowing the builder to effectively defend its position in court.
The victory of Spytech Buildcon in these legal matters paints a broader picture of the real estate market. It highlights the potential for misunderstandings and legal battles arising from buyers' misinterpretation of facts. While legitimate complaints do exist in real estate transactions, it's vital for potential buyers to remain aware that accusations can often be unfounded. The builder's strong track record in defending itself suggests a commitment to fulfilling its obligations and navigating the complexities of real estate development with diligence.
For potential buyers, this analysis underscores the importance of conducting thorough due diligence before making investment decisions. Understanding the legal landscape, the builder's previous performance, and seeking reliable information can significantly inform one's choices. As we've seen, builders like Spytech Buildcon Private Limited can successfully defend against unjust claims, reinforcing the importance of a measured approach to evaluating a builder's reputation in the real estate marketplace.
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(326)/2017 | Rajasthan | The real estate project was completed within the … | ["Project Completio… | {"appellant_claim(in detail)": "Not provided", "r… | Spytech Buildcon Pr… | https://rera.rajasthan.gov.in/Content/pdf/6119F.3(326),.pdf | |
| F 3 (316)RJ/RERA/PI… | Rajasthan | The case is about a promoter not developing a pro… | ["Non-development o… | {"appellant_claim": "The appellant claims that th… | Suo Moto through Re… | Spytech Buildcon Pr… | https://rera.rajasthan.gov.in/Content/pdf/5785F.3(316).pdf |