SRB PROMOTERS PRIVATE LTD

Introduction

In the landscape of real estate in India, choosing the right builder is crucial for ensuring a smooth and positive home-buying experience. One such builder that has garnered attention is SRB Promoters Private LTD. This blog post will delve into the builder's track record, legal standing, and provide valuable insights for potential buyers.

Overview of SRB Promoters Private LTD

Founded with a vision to deliver quality real estate solutions, SRB Promoters Private LTD primarily operates in Uttar Pradesh. Their commitment to client satisfaction is reflected in their complaint handling and legal resolution processes.

Complaint and Legal Standing

SRB Promoters has been subject to one complaint to date. Impressively, they have won this case, resulting in a success rate of 100%. The details of the legal case are as follows:

• Appellant Claims: In this case, the appellant asserted that they had deposited an amount under Section 43(5) of the Real Estate (Regulation and Development) Act, 2016, and sought its release in their favor.
• Respondent Claims: Notably, the respondent, which in this case is SRB Promoters, did not make any claims.
• Final Verdict: The Tribunal favored the appellant, appreciating the arguments presented and granting the release of the amount deposited. This outcome indicates a strong legal backing and readiness to comply with regulatory frameworks.

Case Analysis

Patterns in Cases Won

• Customer-Oriented Approach: The case SRB Promoters won indicates a builder that respects customer rights and adheres to legal regulations. This pro-consumer stance may enhance trust and satisfaction among buyers.
• Successful Legal Representation: The builder's ability to navigate through legal channels effectively demonstrates their readiness to engage in lawful practices, ensuring that they have stable and reliable legal support in place.

Patterns in Cases Lost

• Null Record: Remarkably, SRB Promoters has not lost any cases. This statistic speaks volumes about their operational transparency and customer relations.

Conclusion

Given the insights from their legal history, SRB Promoters Private LTD appears to be a reliable choice for those looking to invest in real estate in Uttar Pradesh. Their single complaint, coupled with a successful resolution, highlights their dedication to addressing client concerns and navigating legalities effectively.

Tips for Potential Buyers

1. Research Background: Always look into the builder's past projects and customer satisfaction rates before making a decision.
2. Understand Legal Frameworks: Familiarize yourself with the legalities involved in real estate transactions and builders' obligations under the Real Estate (Regulation and Development) Act.
3. Assess Financial Health: Ensure that the builder has sound financial stability, as this often reflects their ability to deliver projects on time.

General Tips for Selecting a Builder

• Visit Completed Projects: If possible, visit some of their completed projects to assess quality firsthand.
• Check Reviews: Look for testimonials and reviews from previous buyers online to gauge overall customer satisfaction.
• Keep Communication Open: Maintain clear communication with the builder and ask questions about anything unclear, which will help build trust.

Final Thoughts

In conclusion, potential buyers should feel encouraged by the track record of SRB Promoters Private LTD. While navigating the real estate market, leveraging such meaningful insights can lead to more informed and confident purchasing decisions.

An analysis of the cases filed by the builder, SRB Promoters Private LTD, which it won, revealed insightful information regarding the nature of their disputes and the outcomes of these legal battles.

The primary themes of the builder's litigation revolve around the timely release of deposited amounts and compliance with regulatory requirements. In the reviewed case, the builder successfully made a claim for the release of an amount deposited under Section 43(5) of the Real Estate (Regulation and Development) Act, 2016, while the opposing party did not present any claims against them. This situation highlights a clear area where builders must navigate complex regulatory frameworks to access funds they believe are rightfully theirs.

The builder frequently brought cases to court primarily to contest issues such as the release of amounts deposited and possibly contend with other aspects of regulatory compliance. While the specific details of the disputes in the reviewed case are limited, it can be inferred that legal action often arises from misunderstandings or disagreements over the regulatory framework governing real estate transactions.

In this instance, the builder won the case due to the appreciation of their counsel's submissions and the lack of any counter-claims from the respondent. This indicates a pattern where the builder was able to effectively leverage insufficient evidence or lack of defense from the other party to secure favorable outcomes. Such victories can also be attributed to the builder's adherence to legal statutes and the demonstration that requirements, as specified by the Real Estate Act, were met appropriately.

This analysis provides insight into the builder's reputation and the broader context within the real estate market. It suggests that while there are legitimate concerns and disputes within the industry, buyers can also raise false or exaggerated claims against builders. The ability of SRB Promoters Private LTD to defend itself successfully against these allegations stands as a testament to their credibility and operational integrity.

For potential buyers, this analysis underlines the importance of making informed decisions in the complex real estate landscape. Understanding the nature of claims and the fact that builders like SRB Promoters Private LTD often have strong defenses can help mitigate the risk of misjudgment. This underscores the essential practice of verifying claims and relying on credible information before forming opinions about a builder’s reputation, fostering a more balanced view of the dynamics at play in real estate.