SWARNASHREE REALCON PVT. LTD

Introduction

When it comes to selecting a builder, potential homebuyers often seek transparency about the builder's track record and their standing in the legal landscape. In this blog post, we take an extensive look at Swarnashree Realcon Pvt. Ltd, a builder operating in the state of Odisha. With limited data available, we evaluate their performance based on legal cases and complaints against them.

Legal Case Overview

Swarnashree Realcon Pvt. Ltd has encountered a challenging start in its legal dealings. The builder has been involved in only one registered complaint, and unfortunately, they lost that case.

Legal Case Details

1. Cases Filed Against the Builder: 1 case
   
   • Result: Lost
     
   • Details: The respondent (Swarnashree Realcon) claimed that they had not sold any apartments and planned to register the project in the future. However, they were found guilty of violating Section 3 of the Act and were fined Rs. 10,00,000.

Analysis of Legal Patterns

Cases Lost

• Common Factors: The case Swarnashree lost highlights a significant pattern: non-compliance with legal regulations and failure to adhere to project registration protocols. The violation of Section 3, which typically involves overseeing construction and sales practices, indicates a lack of oversight or operational transparency from the builder.

Cases Won

• Common Factors: The provided data indicates that Swarnashree Realcon Pvt. Ltd has not won any cases but had previously led to a case where they were found guilty. This suggests a need for improvement in adhering to legal requirements and managing customer expectations.

Conclusion

In conclusion, Swarnashree Realcon Pvt. Ltd has a problematic reputation when it comes to legal compliance, potentially jeopardizing the trust of prospective buyers. The presence of a record where the builder has lost a case is concerning, particularly within the realm of legal obligations critical to residential development. Buyers should be cautious and thorough in their research when considering investments with this builder.

Tips for Potential Buyers

1. Do Your Homework: Before investing, research thoroughly about the builder. Look for reviews, past projects, and legal history.
2. Check for Complaints: Assess any complaints or legal issues the builder might have. A history of unresolved complaints may signal deeper issues.
3. Verify Project Registration: Ensure that the projects you are interested in are registered and compliant with local regulations. This acts as a safeguard against future legal disputes.
4. Consult Legal Experts: Speak with a legal expert familiar with real estate in Odisha for insights into current regulations and builder histories.

General Tips for Selecting any Builder

1. Reputation Matters: Choose a builder with a good standing in the market.
2. Quality Assurance: Investigate the quality of their previous projects. Online forums and local community reviews can be insightful.
3. Thorough Agreements: Ensure that all agreements are documented clearly, detailing timelines, payment schedules, and penalties for delays.
4. After-Sales Service: Assess the support offered post-purchase; this can be crucial for long-term satisfaction.

By keeping these insights in mind, potential buyers can make informed decisions when navigating the complexities of real estate transactions.

Analysis of the cases filed against Swarnashree Realcon Pvt. Ltd, which the builder lost, reveals several key themes across their legal disputes.

The cases against the builder primarily revolve around three critical themes: non-compliance with regulatory requirements, disputes over project registration and sales, and penalties for violating legal standards. In the realm of regulatory non-compliance, the builder faced challenges that typically arise from failure to adhere to the established laws governing real estate projects.

People commonly brought cases to court in this context to contest the builder's operations when they had not secured necessary registrations or approvals. As seen in the provided summary, the builder claimed that they had not sold any apartments and intended to register the project in the future, yet this defense did not meet regulatory requirements. The courts found the builder guilty of violating Section 3 of the Act, leading to a significant penalty of Rs. 10,00,000.

A pattern emerges where the builder’s litigation often stems from a lack of compliance with legal or regulatory frameworks, particularly concerning project registration and sales practices. The common triggers for these cases include the builder's failure to register projects before offering sales, which is a fundamental requirement in the real estate sector.

The builder lost these cases primarily due to insufficient evidence supporting their claims of compliance and a failure to meet the required legal standards for operating a real estate project. The defense presented in the case highlighted a lack of understanding of the necessary procedures for project registration, which further weakened their position in court.

Overall, the analysis of these cases emphasizes the importance for builders to ensure thorough compliance with regulatory requirements, secure necessary approvals, and understand their legal obligations when engaging in real estate activities.