TWO VALUE BUILDSPACE LLP

Introduction

In the world of real estate, the reputation of a builder can significantly influence a buyer's decision. One such builder to consider is Two Value Buildspace LLP, which currently operates in Gujarat. This blog post delves into the builder’s legal history, particularly focusing on complaints and verdicts, to provide potential buyers and stakeholders with a comprehensive overview.

Overview of Two Value Buildspace LLP

Two Value Buildspace LLP has a total of 1 recorded complaint against it, along with 1 legal case that resulted in a loss for the builder. Notably, they have not won any cases against them. Understanding the details of these interactions with legal authorities is crucial for evaluating their credibility as a builder.

Legal Case Details

Summary of the Legal Case

According to the information available, the legal case involved a dispute where:

• Appellant's Claim: The authority claimed that Two Value Buildspace LLP violated Section 13(1) of the Real Estate (Regulation and Development) Act. The firm was accused of accepting more than 10% of the cost of an apartment as an advance without properly registering the agreement for sale.
• Respondent's Defense: The builder asserted that they hadn't violated the law and stated that the agreement for sale was registered for 4 out of 6 units in question.
• Final Verdict: The authority concluded by imposing a fine of Rs. 5,000 on the builder for the claimed violation. While this case was not a complete defeat in terms of legal standing concerning the claims for all units, it highlights a recognized breach of legal protocol concerning advance payments.

Analysis of Legal Patterns

Cases Won

• The sole case filed against the builder resulted in a fine rather than a full acquittal. Hence, while the builder managed to provide some evidence in their defense, it demonstrates a failure to fully comply with regulatory requirements.

Cases Lost

• In this instance, the builder lost against the authority, winning no cases. The common factor appears to be a lack of adherence to the legal requirements outlined in the Real Estate Act, reflecting potentially inadequate management of legal contracts.

Conclusion

Based on the available data, Two Value Buildspace LLP has a checkered history regarding legal compliance and customer satisfaction. With 1 complaint leading to a lost case and an imposed penalty, potential buyers should exercise caution.

Tips for Potential Buyers

• Research Thoroughly: Before making a purchase, investigate the builder's history, including any complaints or legal issues.
• Seek Transparency: Ensure that all contractual agreements are clear, registered, and compliant with legal standards.
• Consult Legal Experts: If in doubt, consult with a real estate lawyer to review agreements and potential risks.

General Tips for Selecting a Builder

1. Evaluate Previous Projects: Reviewing completed projects can provide insight into the builder’s quality and reliability.
2. Check for Complaints: Observe complaints or legal cases filed against the builder with local authorities.
3. Communicate Clearly: Establish clear lines of communication and ensure all agreements are documented to avoid misunderstandings.
4. Visit Ongoing Sites: If possible, visit current construction sites to gauge the work progress and on-site practices.

In conclusion, while Two Value Buildspace LLP operates within Gujarat, prospective buyers should approach with diligence, examining all available information to make an informed decision.

Analysis of the cases filed against Two Value Buildspace LLP, where the builder lost, reveals several key themes and key patterns in their disputes. The cases primarily revolve around two main topics: advance payment disputes and regulatory non-compliance.

In terms of advance payment disputes, the most notable case involved the Authority claiming that the promoter accepted more than 10% of the cost of the apartment as an advance payment without registering the agreement for sale. This highlights a common reason for litigation, where the builder was accused of violating the prescribed norms for accepting payments prior to registration.

The broader theme of regulatory non-compliance encompasses this payment issue and may also include other potential disputes regarding adherence to legal standards in real estate dealings. The builder's defense in this instance—that they had registered agreements for sale on 4 out of 6 units—illustrates a attempt to justify their actions and demonstrate compliance, yet ultimately fell short as evidenced by the imposed fine.

People commonly brought cases to court against this builder primarily due to allegations of non-compliance with established regulations, particularly concerning payment acceptance and contract registration. The patterns emerging from these summaries indicate that one of the most significant triggers for litigation involves the builder’s financial dealings and their adherence to legal frameworks.

The common reasons for the builder's losses in these cases center around their inability to meet regulatory requirements. The imposed fine in the advance payment dispute serves as a case in point, where the builder's actions were found to be in violation of Section 13(1), leading to legal consequences. This underscores the importance of understanding and adhering to the rules governing real estate transactions to avoid similar outcomes.