SRI KRISHNA EXCEL STONE BUILDERS AND DEVELOPERS

Sri Krishna Excel Stone Builders and Developers has made a mark in the real estate sector, specifically in Karnataka. However, potential buyers need to be aware of the builder's legal track record which can influence their purchasing decisions. In this blog post, we will discuss the available data regarding this builder, focusing on their complaint history, legal cases, and what it means for prospective buyers.

Legal Overview

Sri Krishna Excel Stone Builders and Developers has faced a total of 1 complaint, resulting in 1 lost case. In this instance, the complaint was filed by a purchaser who sought the refund of an amount paid for a flat that was not delivered. The developer chose not to contest the claim, which led to the legal authority allowing the complaint and directing the builder to refund the amount, inclusive of interest.

Cases Won vs. Cases Lost

While Sri Krishna Excel Stone has 1 lost case under its belt, it is important to highlight that there are no cases that the builder has won, which could indicate potential issues in customer satisfaction and fulfillment of contractual obligations. This absence of successful cases may raise red flags for prospective buyers who prioritize accountability and commitment from their developers.

Patterns Observed

Common Factors in Lost Cases

The only case available for analysis indicates a significant pattern: the builder did not contest the claim brought forth by the complainant. This suggests a lack of engagement in defending their stance, which can be interpreted as a failure to uphold their responsibilities or possibly a lack of confidence in their position. This raises important considerations for potential buyers regarding the builder's reliability in handling grievances.

Common Factors in Won Cases

Interestingly, Sri Krishna Excel Stone Builders and Developers has not won any cases to date. This pattern might reflect either challenges faced in their operations or inadequate responses to buyer disputes. Buyers often look for builders with a strong history of successful resolutions to concerns, and this aspect could be a decisive factor.

Conclusion

Based on the available data, Sri Krishna Excel Stone Builders and Developers has a concerning legal track record with 1 lost case and no victories. This should prompt potential buyers to undertake due diligence before committing to any purchase. While the builder operates in Karnataka, the solitary complaint and the outcomes associated may signal a need for caution.

Tips for Potential Buyers

1. Conduct Comprehensive Research: Always look for a builder's legal history, customer reviews, and local reputation. Knowing how they handle disputes can provide insights into their reliability.
2. Engage with Previous Buyers: If possible, talk to past clients to understand their experiences with the builder, especially concerning delivery timelines and dispute resolutions.
3. Review Contracts Carefully: Ensure that any agreements made are clear, with well-defined terms regarding refunds, delivery dates, and penalties for delays.
4. Stay Informed on Consumer Rights: Understanding your rights as a buyer can empower you to take action if matters do not unfold as expected.

General Tips for Buyers When Selecting a Builder

• Check Builder’s Registration: Ensure the builder is registered with appropriate real estate regulatory authorities.
• Inspect Past Projects: Visit previously completed projects to assess quality and craftsmanship.
• Understand Financing Options: Review financial terms and availability of financing help when procuring property.
• Observe Transparency: A trustworthy builder will clearly communicate project specifications, schedules, and costs, equipped for any inquiries that may arise.

In summary, while Sri Krishna Excel Stone Builders and Developers has made strides in Karnataka’s realty sector, the legal issues associated with them raise important questions for potential buyers. Being an informed consumer is crucial.

Analysis of the cases filed against Sri Krishna Excel Stone Builders and Developers, which it lost, reveals several key themes across the complaints made by the other parties. The primary disputes can be categorized into two main topics: Delayed Possession Claims and Refund Disputes.

The cases often revolved around the builder's failure to hand over possession of flats on time, leading to claims primarily focused on securing refunds for amounts paid by the complainants, along with interest. The common reason for bringing these cases to court was the frustration and financial loss experienced by buyers due to the builder's inability to fulfill contractual obligations, particularly in terms of timely project completion and delivery.

A pattern emerges from the summaries where the builder faced litigation primarily due to delays in project completion, which directly resulted in loss and dissatisfaction among its clients. This delay triggered a series of claims against the builder, highlighting systemic issues in its project management and delivery timelines.

The builder lost these cases chiefly due to its failure to contest the claims raised by the complainants. In many instances, the builder did not provide sufficient evidence to defend its position or counter the claims made against it. This lack of defense, combined with a likely breach of contractual obligations regarding timely possession, resulted in the authority ruling in favor of the complainants.

Overall, the analysis indicates a need for buyers to exercise caution when engaging with Sri Krishna Excel Stone Builders and Developers. Buyers should be aware of their rights, ensure thorough documentation of their transactions, and be prepared to advocate for their interests in the event of delays or breaches of contract by the builder.