builder logo

SRISHTI ASSOCIATES

  • No of Complaints: 2
  • States (Active in): Rajasthan
CIN Not Available
Year Established Not Available
Address Not Available
Company Status Not Available

Introduction to SRISHTI ASSOCIATES

When considering purchasing a property, it's vital to evaluate the reputation and legal standing of the builder. In this post, we take a closer look at SRISHTI ASSOCIATES, a builder operating in Rajasthan, focusing on their legal history and what it means for potential buyers.

Legal Overview of SRISHTI ASSOCIATES

SRISHTI ASSOCIATES has faced a total of two complaints:

  • Cases Won: 1
  • Cases Lost: 1

Case Analysis

  1. Case Where the Builder Lost:
    In the sole case lost by SRISHTI ASSOCIATES, the details are as follows:
    - Summary: The case was disposed off after the builder complied with the authority’s order and made the required penalty payment. This suggests that the builder experienced a lack of timely compliance during the project completion phase, which may have led to penalties and legal action.
  2. Case Where the Builder Won:
    Conversely, in the case that SRISHTI ASSOCIATES won, the outcome was:
    - Summary: A penalty of Rs 1,00,00,001 was imposed on another promoter who failed to complete their project on time. This indicates that SRISHTI ASSOCIATES was able to successfully defend itself in a situation where industry standards regarding project completion were not met by others.

Patterns in Legal Cases

Cases Lost

The loss of the case appears to indicate potential operational or administrative issues within the company regarding their compliance with project timelines, which could affect their credibility among potential buyers. These kinds of problems often lead to disputes and may signal a pattern of delays or unfulfilled commitments in their projects.

Cases Won

In contrast, SRISHTI ASSOCIATES' win highlights its ability to navigate the legal landscape when other parties fail to uphold their commitments. This demonstrates that, at least in some contexts, SRISHTI ASSOCIATES is proactive and knowledgeable about legal obligations and project management.

Overall Assessment of SRISHTI ASSOCIATES

While SRISHTI ASSOCIATES has an equal record of winning and losing cases, the presence of significant penalties related to project completion raises some concerns about their operational efficacy. For prospective buyers in Rajasthan, it's essential to balance these legal aspects with other purchasing considerations such as project quality, reviews, and overall builder reputation.

Tips for Potential Buyers

If you are considering purchasing property from SRISHTI ASSOCIATES:

  1. Research Thoroughly: Look into previous customer experiences and feedback online to gauge the company's reputation beyond legal cases.
  2. Review Contracts Carefully: Ensure that completion dates, penalties for delays, and other obligations are clearly outlined in the contract.
  3. Legal Consultation: Consider consulting with a real estate lawyer to understand the implications of any agreements.

General Tips for Choosing a Builder

Regardless of the builder you are considering, here are some universal tips:

  • Check for Licenses and Certifications: Ensure the builder complies with local regulations and holds necessary licenses.
  • Evaluate Past Projects: Look at previously completed projects to assess quality and timeliness.
  • Request Transparency: A reputable builder should be open about their process, including timelines and project phases.
  • Ask About Warranties and Post-Sale Support: Reliable builders often provide warranties and ongoing support after the sale, which can provide peace of mind.

Conclusion

In conclusion, while SRISHTI ASSOCIATES has encountered some legal challenges, it also has the capacity to navigate complex situations effectively. As a potential buyer, careful examination of all factors, both legal and operational, is key to making an informed decision.

No builder reviews yet. Be the first to share your thoughts!

Penalties for Project Delays Non-compliance with Regulatory Requirements

Analysis of the cases filed against Srishti Associates, where the builder lost, reveals several key themes and patterns. The primary disputes can be categorized into two main topics: penalties for project delays and non-compliance with regulatory requirements.

The cases often involved the imposition of penalties on the builder for failing to complete projects within the stipulated timeline or for not obtaining necessary extensions. This highlights a significant concern regarding the builder's ability to adhere to timelines and fulfill contractual obligations, which is a critical factor for prospective buyers considering their investment.

Common reasons for litigation included contesting these penalties, with the builder often attributing delays to other parties or citing unforeseen circumstances. However, the outcomes suggest that the builder's defenses were insufficiently grounded, leading to a series of legal losses.

The verdicts indicate that Srishti Associates frequently failed to comply with regulatory requirements, which raises questions about their operational adherence to laws and guidelines governing real estate development. Insufficient evidence to support their claims, failure to secure necessary approvals, and a lack of understanding of project classification rules are emerging patterns that likely contributed to the builder’s losses.

In conclusion, prospective buyers should exercise caution when considering investments related to Srishti Associates. It is crucial to evaluate the builder's track record, assess the status of ongoing projects, and consider the implications of these legal challenges before making any commitments.

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(225)2017 Rajasthan The real estate project registered with the Autho… ["Non-completion of… {"appellant_claim": "", "respondent_claim": "", "… Srishti Associates https://rera.rajasthan.gov.in/Content/pdf/1903F-3(225).pdf
Penalties for Project Delays Compliance with Regulatory Orders

An analysis of the cases filed against the builder, which the builder won, revealed the following information. The disputes primarily centered around two significant themes: penalties for project delays and compliance with regulatory orders.

  1. Penalties for Project Delays: Some cases involved claims of delays in project completion, where buyers alleged that the builder had failed to deliver the promised housing units on time. Buyers sought monetary penalties for the perceived delay, but in the cases reviewed, the builder successfully proved compliance with all stipulated timelines or demonstrated that penalties were unfounded.
  2. Compliance with Regulatory Orders: Other cases revolved around claims of non-compliance with various municipal or regulatory orders. Here, buyers and regulatory bodies contested the builder’s adherence to construction norms and local regulations. In these instances, SRISHTI ASSOCIATES showed that they had made timely payments of relevant penalties and complied fully with all orders, thus rendering the claims invalid.

The lawsuits were mainly brought to court for contesting penalties, claims of project delays, or regulatory compliance issues. A notable pattern emerged; cases frequently stemmed from misunderstandings or allegations that lacked sufficient evidence. Many buyers and regulatory authorities might have felt aggrieved and sought redress through legal channels, but the builder's strong defense often revealed gaps in the opposing party's claims.

The builder won these cases primarily due to insufficient evidence presented by the opposing side, showcasing that allegations often failed to meet the necessary legal burden. The firm’s detailed compliance records and adherence to project timelines often served as solid defenses against claims. This ability to effectively counter accusations speaks to the builder's strong legal grounding and operational transparency.

This analysis provides insights into the reputation of SRISHTI ASSOCIATES within the broader real estate landscape. While it’s not uncommon for builders to face unfounded accusations, the builder's successes in defending against these claims illustrate that they maintain high compliance standards and a solid track record. It highlights a crucial reality of the real estate market—buyers must exercise caution before accepting claims at face value, as instances of exaggerated complaints are not rare.

To potential buyers: It’s imperative to make well-informed decisions. Although legitimate issues do arise in the real estate sector, the analysis of these cases demonstrates that builders like SRISHTI ASSOCIATES often effectively defend themselves against unjust claims. Buyers are encouraged to seek reliable information and thoroughly vet builders before forming opinions about their reputation.

In this dictionary, the "topics" key lists common themes found in cases against SRISHTI ASSOCIATES, while the "overall_summary" key provides a detailed analysis of the cases and insights for potential buyers.

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(225)RJIRERAPI2O… Rajasthan The case pertains to the execution of an order pa… ["Execution of orde… {"appellant_claim": "", "respondent_claim": "", "… Srishti Associates https://rera.rajasthan.gov.in/Content/pdf/1717F.3(225).pdf

Interested to buy from this builder?

Assured Callback in 5 mins