SSV REALTORS

Understanding SSV Realtors: A Comprehensive Review of Their Legal History and Buyer Guidance

Introduction

When it comes to choosing a builder for your dream home or investment, it's vital to analyze their track record in terms of customer complaints and legal cases. In this post, we will focus on SSV Realtors, a builder operating in Maharashtra, and review their legal history, including complaints filed against them.

Legal Overview of SSV Realtors

SSV Realtors has had a notably minimal legal background with only one complaint filed against them. Here’s a brief rundown of the legal case details:

Case Summary

• Number of Complaints: 1
• Cases Won: 0
• Cases Lost: 1

The case involved an appellant who claimed that SSV Realtors had violated provisions of the Real Estate Act, 2016. The respondent builders contended that they made sufficient disclosures and did not violate any legal provisions. Ultimately, the appellate tribunal allowed the appeal and reversed the prior order, remanding the matter for a fresh decision on its merits.

Analysis: Patterns in Legal Cases

Cases Lost

• Common Factors: In the single case lost by SSV Realtors, the core allegation revolved around violations of the Real Estate Act, suggesting potential issues around disclosure or compliance with regulatory mandates. Such loss might indicate areas where due diligence may be necessary for potential buyers, especially concerning the legality of the disclosures made by the builder.

Cases Won

• Common Factors: As SSV Realtors has no cases won to their name, it reflects a concerning trend where they have not successfully defended their business practices in a legal context. This raises flags for prospective buyers about the builder's ability to navigate legal challenges effectively.

Conclusion

• Overall Assessment: SSV Realtors possesses a single complaint on record, which culminated in a loss for the builder. Given the absence of any successful legal defenses or case wins, potential buyers might tread carefully when considering projects from this builder. The company may face regulatory challenges that buyers should investigate thoroughly before proceeding.

Tips for Potential Buyers Considering SSV Realtors

1. Research Thoroughly: Always conduct comprehensive research about the builder's reputation in the market, including their project history and customer reviews.
2. Seek Legal Clarity: Understand each builder’s commitment to legal compliance—ask for documentation on their adherence to the real estate regulations.
3. Engage a Real Estate Professional: Consider consulting with a real estate expert or attorney to scrutinize the builder’s credibility and contractual obligations.
4. Visit Past Projects: If possible, visit some of the builder's completed projects to gauge quality and satisfaction of existing homeowners.

General Tips for Buyers when Selecting Any Builder

1. Check for Licensing and Accreditation: Ensure the builder is licensed and has been recognized by relevant real estate associations.
2. Examine Customer Feedback: Look for online reviews and testimonials from previous clients.
3. Understand Financial Health: A financially stable builder is less likely to face delays or unfinished projects.
4. Review Contracts Carefully: Pay close attention to the details in contracts, focusing on timelines, payment schedules, and cancellation policies.

By being well-informed and taking necessary precautions, you can make a wiser choice in your home-buying journey. Always remember, a well-researched decision today can lead to a successful investment tomorrow.

Analysis of the cases filed against SSV Realtors, where the builder lost, reveals several key themes across the disputes. The cases can be broadly categorized into regulatory compliance disputes, disclosure obligations, and statutory violations, all of which stem from the builder's dealings in real estate as mandated by the Real Estate Act, 2016.

The first type of dispute involves regulatory compliance, where the builder faced allegations of violating provisions laid out in the Real Estate Act. This indicates a pattern of litigation that often arises when builders fail to adhere to the regulatory framework established to protect the interests of prospective buyers. The appellant's claim in the case highlighted an attempt to seek relief from the builder's alleged non-compliance, which suggests a growing concern among buyers regarding the adherence to regulations in real estate transactions.

The second theme revolves around disclosure obligations. Builders are required to make sufficient disclosures to buyers regarding projects, including details about timelines, amenities, and other critical information. In the case against SSV Realtors, the respondents claimed to have made adequate disclosures, yet the appellate tribunal ruled in favor of the appellant. This indicates a common reason for disputes: the perceived inadequacy of information provided by builders, which can lead to mistrust and litigation.

Statutory violations represent the broader category under which both regulatory compliance and disclosure issues fall. The builder's loss in the case points to a troubling trend where builders may not fully comprehend their obligations under the law or may choose to disregard them, leading to legal consequences. This highlights the importance of legal compliance in the real estate sector and the need for buyers to be vigilant and informed about their rights.

In conclusion, the cases against SSV Realtors illustrate critical issues in the real estate sector, particularly concerning compliance with the Real Estate Act, 2016. Buyers are increasingly resorting to legal action due to perceived violations of their rights and inadequate information provided by builders. As such, it is essential for prospective buyers to conduct thorough research and ensure that builders are reputable and legally compliant before making any commitments.