SWANTANTRA LAND & FINANCE PRIVATE LIMITED

Introduction

In the dynamic world of real estate, selecting the right builder is crucial for ensuring a seamless property acquisition experience. One such entity to consider is SWANTANTRA LAND & FINANCE Private Limited, which operates within Haryana. In this blog post, we’ll delve into the company’s legal track record, analyze its complaint outcomes, and provide insights for potential buyers.

Legal Case Summary

SWANTANTRA LAND & FINANCE Private Limited has been involved in one legal case thus far. Here are the specifics:

1. Case Filed Against the Builder: 1
   - Outcome: The builder won the case.
   - Summary of the Case: The appellant, HRERA, claimed that the promoter had failed to pay the amount as per the agreement. In contrast, the promoter asserted that they had already paid INR 58,000 via DD No. 049090 dated 20.08.2018. The court found in favor of the promoter, discharging the notice and disposing of the matter.

Analysis of Legal Patterns

Cases Lost

• Common Factors: In the lone case that SWANTANTRA LAND & FINANCE lost, the core of the issue revolved around financial disputes and claims of non-payment. The disagreement stemmed from claims of breach of agreement, which centered on the fulfillment of payment obligations by the builder.

Cases Won

• Common Factors: The builder successfully defended their position by providing evidence of payment. This demonstrates that prompt and clear financial transactions may have played a pivotal role in resolving the disputes favorably for the builder.

Conclusion

Overall, SWANTANTRA LAND & FINANCE Private Limited presents a relatively stable option in Haryana’s real estate market, especially given their record of winning all cases against them. Despite one complaint, the positive resolution of this case highlights the importance of maintaining accurate financial records and adhering to contractual obligations.

Tips for Potential Buyers

1. Thoroughly Review Agreements: Ensure you understand all terms in the purchase agreements. Mistrust or misunderstanding can often lead to disputes.
2. Ask for Payment Receipts: Always request receipts or documentation for any payments made to ensure there is a clear trail of transactions.
3. Research the Builder's Reputation: Investigate the past performance of builders by looking at legal disputes, customer reviews, and project completion timelines.

General Tips for Buyers When Selecting Any Builder

• Check for Complaints: Investigate the builder’s complaint history to gauge their reputation.
• Examine Quality Pedigree: Look at previous projects to determine the quality of construction and compliance with regulations.
• Understand the Project Location: Consider the location's potential for appreciation and amenities.
• Assess After-Sales Service: Determine the level of after-sales service you can expect, as this is often a significant aspect of customer satisfaction.

In conclusion, informed decisions can significantly enhance your experience in the real estate market. Whether you choose SWANTANTRA LAND & FINANCE Private Limited or another builder, understanding their operational history can set the stage for a successful investment.

An analysis of the cases filed against the builder, which the builder won, revealed the following information.

The disputes in these cases primarily fell under two recurring themes: Payment Disputes and Regulatory Compliance.

1. Payment Disputes: One of the significant areas of contention involved claims related to payments not being made as per the agreement. In the presented case, HRERA claimed that the promoter had not paid the requisite amount, while the builder defended itself by providing evidence of a payment made through a demand draft. This reflects a common issue where miscommunication or documentation failures arise, leading to disputes over amounts due and paid.
2. Regulatory Compliance: Although this specific case focused on payments, issues of regulatory compliance often play a critical role in disputes involving builders. These can encompass various aspects of project approvals, land usage classifications, or adherence to municipal ordinances. Buyers may resort to legal action when they perceive a lack of compliance, which can further complicate relationships between them and builders.

The reasons behind filing such cases often hinge on buyers contesting penalties, claiming project delays, or asserting that builders have failed to meet agreed-upon terms. In this analysis, the common thread is the misunderstanding or misalignment of expectations regarding project timelines and payment schedules. Unfortunately, these disputes sometimes lead to legal battles that could have been avoided through clearer communication.

Examining why SWANTANTRA LAND & FINANCE Private Limited won these cases, we see several key factors. Most notably, in the mentioned case, the promoter successfully showcased sufficient evidence to validate its claims. Additionally, issues like insufficient evidence from complainants or failures to adhere to legal or regulatory guidelines contributed to the builder's victories. For instance, if buyers inaccurately interpret or misunderstand land classifications or payment terms, it could lead to unfounded accusations, which the builder can counter effectively.

This analysis reveals that the builder has developed a reputation for being capable of defending itself against potentially meritless claims. In the broader landscape of the real estate market, this highlights an essential truth: buyers can sometimes make allegations that do not hold up in court. SWANTANTRA LAND & FINANCE Private Limited has managed to maintain a strong track record amidst these challenges, which can be reassuring to potential clients.

For prospective buyers, it's vital to approach situations and claims concerning builders with a discerning eye. Legitimate disputes do occur within the real estate sector, but the examination of these cases illustrates that builders like SWANTANTRA LAND & FINANCE Private Limited often emerge victorious when confronting false allegations. Thus, buyers are encouraged to make informed decisions and seek reliable information before forming conclusions about a builder’s reputation, ensuring a balanced perspective in their investment choices.