SRI BALAJI REALITY & DEVELOPERS

Introduction

Sri Balaji Reality & Developers, a construction and development firm located in Madhya Pradesh, has a mixed record concerning customer satisfaction and legal accountability. In this in-depth analysis, we will explore the builder's history of legal challenges, the outcomes of those cases, and what this could mean for potential buyers.

Builder Overview

• Name: Sri Balaji Reality & Developers
• Active States: Madhya Pradesh
• Number of Complaints: 3
• Cases Won: 0
• Cases Lost: 3

Legal Case Details

Sri Balaji Reality & Developers has faced three notable complaints, all of which resulted in unfavorable outcomes for the builder.

Summary of Cases Lost:

1. Case 1:
   • Appellant Claim: The applicant sought a refund of an advance deposit of Rs. 24,25,000 and compensation for delay in possession.
   • Final Verdict: The Adjudicating Officer awarded a refund with interest of 46.45% per annum along with compensation for the delay.
2. Case 2:
   • Appellant Claim: The applicant demanded compensation for delay in possession and interest on advance payment.
   • Final Verdict: The adjudicating officer ordered the builder to pay Rs. 20,44,000 with interest and additional compensation for mental and physical distress.
3. Case 3:
   • Appellant Claim: Similar to Case 2, the applicant sought compensation for delayed possession and interest.
   • Final Verdict: The same as Case 2, the awarded amount was Rs. 20,44,000, along with interest and compensation.

Analysis of Patterns

Common Factors in Lost Cases:

The cases where Sri Balaji Reality & Developers lost share some notable similarities:

• Delays in Possession: All complaints stem from the builder's inability to deliver properties within the stipulated timelines, highlighting a lack of project management or unforeseen circumstances.
• Compensation for Distress: In addition to financial refunds, the court recognized the mental and physical stress caused to the buyers, leading to additional compensation requirements for the builder.

Patterns in Cases Attempted and Failed:

Interestingly, the builder successfully claimed unforeseen circumstances as a defense in all cases. However, this argument failed to convince the courts, which ultimately sided with the buyers.

Conclusion

Based on the data available, Sri Balaji Reality & Developers presents a concerning picture for potential homebuyers. With three cases lost and no successful defenses, this builder's track record raises red flags regarding reliability and accountability.

Tips for Potential Buyers

1. Conduct Thorough Research: Investigate the builder's background and previous projects. Look for reviews and testimonials from previous buyers to gauge their experiences.
2. Seek Legal Advice: Before making a purchase, consider consulting with a real estate attorney who can provide insights and help protect your interests.
3. Ensure Clear Contracts: Make sure any agreements are crystal clear concerning timelines, quality, and completion dates. Ensure there are consequences outlined for delays or non-compliance.
4. Stay Updated: Regularly follow up on project progress and maintain communication with the builder to hold them accountable.

General Tips for Selecting Any Builder

1. Review Past Projects: Check completed projects to evaluate construction quality and design.
2. Check for Legal Complaints: Research any legal disputes or complaints against the builder to assess their reputation.
3. Evaluate Customer Service: Reliable builders should be approachable and responsive to inquiries and concerns.
4. Look for Professional Associations: Membership in professional construction associations can indicate a commitment to industry standards and practices.

In conclusion, while Sri Balaji Reality & Developers operates within Madhya Pradesh, their performance in legal matters suggests caution among potential buyers. Make informed decisions to safeguard your investment.

Analysis of the cases filed against Sri Balaji Reality & Developers, where the builder lost, revealed several key themes and patterns. The cases primarily revolved around delayed possession claims, resulting in legal actions seeking refunds of advance deposits and compensation for mental and physical distress caused to the purchasers.

The most notable theme was the recurring claim of delayed possession due to unforeseen circumstances. In each case summarized, the builder attributed the delays to factors beyond their control, yet they were ultimately found liable, indicating a failure to convince the adjudicating officer of the validity of their claims. This theme highlights a significant area of concern for potential buyers regarding the builder's reliability in delivering projects on time.

Common reasons for bringing cases to court included seeking compensation for delays, disputing the builder's account of unforeseen circumstances, and demanding refunds along with interest on advance payments. The consistent pattern among these cases demonstrates a strong sense of dissatisfaction among buyers regarding transparency and adherence to timelines in the builder's projects.

The builder's defense in these cases was undermined by their inability to provide sufficient evidence to support their claims of unforeseen circumstances. The adjudicating officer's decision to award compensation, including interest on deposits and damages for distress, suggests a degree of disfavor towards the builder's operational practices and accountability, which further emphasizes the risks involved in engaging with this developer.

Overall, this analysis serves as a crucial warning for prospective buyers, indicating a high likelihood of encountering delays and legal disputes when dealing with Sri Balaji Reality & Developers. It is essential for buyers to conduct thorough research, assess the builder's track record, and exercise caution before making any financial commitments.