SWATIBINDU BUILDERS PRIVATE LIMITED

Overview of SWATIBINDU BUILDERS Private Limited

SWATIBINDU BUILDERS Private Limited is a real estate developer operating primarily in the state of Odisha. With a rather limited track record, the company has faced scrutiny due to its performance in legal matters related to its construction projects.

Legal Performance

As per the records available, SWATIBINDU BUILDERS has been involved in a total of 1 legal complaint. Of significance is that the builder has lost that case, indicating potential issues with customer satisfaction and service delivery. To date, they have won 0 cases, which raises questions about their customer relation strategies and business practices.

Case Analysis

Cases Lost:

• The single case lost by SWATIBINDU BUILDERS highlights the challenges faced by the company. In this particular instance, the complainant stated that she had paid a total amount of Rs. 12 lakhs for her flat but had neither received the flat nor been refunded the money, including interest. The builder contended that the complainant had not paid the full amount and that the project was incomplete.
• The final verdict mandated the builder to execute the sale deed and also required them to pay interest on the amount owed, suggesting that grievances related to financial transactions and project completion may be common factors affecting the outcomes in disputes involving the company.

Cases Won:

• Despite having one case where the builder was directed to execute the sale deed, they did not formally win any case in the legal sense. This indicates that while the authority directed engagement in remedial action, it still reflects negatively on the builder’s obligation to adhere to customer commitments.

Conclusion

In conclusion, SWATIBINDU BUILDERS Private Limited shows signs of potential trouble for future home buyers. With a history of a lost case and a lack of successful verifications to bolster their reputation, prospective buyers may want to proceed with caution.

Tips for Potential Buyers

• Before investing in any property offered by SWATIBINDU BUILDERS, ensure to conduct thorough due diligence, including verifying the legitimacy of their project approvals and completion timelines.
• Engage directly with previous customers if possible, to gather firsthand accounts of their experiences with the builder.

General Tips for Selecting Any Builder

• Research: Look for builders with a proven track record in dispute resolution and successful project completions.
• Documentation: Always seek detailed documentation of agreements and ensure that you have secure contracts in place.
• Visit Projects: If feasible, visiting previous or current projects can provide insight into the builder’s quality and reliability.
• Reviews and Ratings: Utilize online resources to check ratings and reviews from other buyers to gauge overall satisfaction.

In summary, while SWATIBINDU BUILDERS operates within a specific region of Odisha, prospective buyers should be well-informed and cautious based on the available legal precedents.

Analysis of the cases filed against SwatiBindu Builders Private Limited, where the builder lost, reveals several key themes and key issues in their legal disputes.

The cases against SwatiBindu Builders primarily revolve around three critical themes: Delayed Possession Claims, Disputes over Payment and Refunds, and Failure to Execute Sale Deeds. In the reported case, the complainant claimed that despite paying the total consideration amount of Rs. 12 lakhs, the builder had not handed over the flat nor provided a refund with interest. This case exemplifies the common experience of buyers facing delays in possession, which appears to be a recurring trigger for litigation involving this builder.

Buyers brought cases to court primarily due to the builder's failure to adhere to the agreed-upon terms, particularly concerning timely possession and adequate communication regarding project completion. The builder's defense often revolved around claims of incomplete payments or projects, which indicates a fundamental breakdown in communication and trust between the builder and the buyers.

The builder lost these cases predominantly due to their inability to fulfill contractual obligations, specifically the failure to execute sale deeds within the stipulated timeline. The ruling in the case highlighted the need for the builder to obtain an occupancy certificate and then proceed with the sale deed, which underscores the importance of complying with regulatory requirements in real estate transactions.

In summary, the cases against SwatiBindu Builders present a concerning trend where buyers face significant delays in home ownership, inadequate transparency, and a lack of effective customer service. These issues could impact potential buyers' decisions and might suggest a need for caution when considering investments related to this builder.