CIN | Not Available |
---|---|
Year Established | Not Available |
Address | Not Available |
Company Status | Not Available |
Overall Case Outcomes
When it comes to purchasing a property, potential buyers often rely on the reputation of a builder to ensure they are making a wise investment. In this post, we will take a detailed look at SUN Enterprise, a builder with a presence in Gujarat, and assess its performance based on available data regarding legal complaints and outcomes.
SUN Enterprise operates primarily in the Gujarat region and has a track record that is crucial for potential buyers to consider. With a total of 1 complaint registered against them, their performance should be analyzed to understand the implications for prospective homeowners.
SUN Enterprise has been involved in legal proceedings where they filed a case and lost. This particular case pertained to their project named "Crimson Palace," which was registered under the Real Estate (Regulation and Development) Act, 2016. Here’s a breakdown of the key details:
From the above case, it is evident that SUN Enterprise's main issue revolved around compliance with regulatory requirements. The failure to provide necessary documentation and reports indicates a potential lapse in operational practices. This pattern of non-compliance could be a red flag for prospective buyers, suggesting that SUN Enterprise may not prioritize adherence to legal requirements as expected.
Given that SUN Enterprise has thus far lost all cases where they have been contested, and with no cases won, it positions them unfavorably in terms of legal reliability. The single complaint and the resulting fine suggest that while they may strive to operate within the law, lapses in compliance could lead to significant repercussions.
While SUN Enterprise has established itself in Gujarat, their track record, particularly regarding legal compliance, raises concerns for potential buyers. It is advisable to approach investments with caution and conduct comprehensive due diligence to safeguard your investment. Protecting yourself with knowledge about the builder’s history and legal compliance will empower you to make informed decisions in the competitive real estate market.
Yearly Trend for these Cases
Analysis of the cases filed by the builder SUN Enterprise, which it lost, reveals significant insights into the recurring themes of disputes faced by the builder. One of the primary areas of conflict stems from Regulatory Non-compliance. In the case of the builder's project 'Crimson Palace,' it was found that SUN Enterprise failed to submit quarterly reports, thus violating the provisions of the Real Estate (Regulation and Development) Act, 2016. This non-compliance led to formal action from the Gujarat Real Estate Regulatory Authority, resulting in penalties for the builder.
Another prominent theme is the Penalties for Offenses, where the builder faced fines for failing to meet regulatory requirements. In this case, the penalty amounted to Rs. 25,000, reflecting the consequences that builders may face when they do not adhere to established laws and rules.
The builder often brought cases to court when contesting penalties imposed by regulatory authorities, disputing the character of project delays, or objecting to the interpretation of compliance rules. A pattern that emerges from the summary points towards a recurring theme of insufficient attention to the documentation required for regulatory compliance. The builder’s tendency to neglect mandatory reporting obligations often led to disputes.
Common reasons for the builder's losses in these cases include a lack of sufficient evidence to support their claims, non-compliance with legal or regulatory requirements, and failure to furnish necessary documentation timely. The insights reveal that misunderstandings related to land or project classification rules also played a role in the builder's challenges. These factors suggest that legal disputes may frequently arise from a fundamental lack of adherence to regulatory frameworks and documentation processes necessary for successful real estate project management.
No reviews for this builder yet. Be the first one to share your thoughts!