| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
Introduction
Varsh Developers is a builder operating in Gujarat, notable for its limited number of projects and complaints. However, a closer look at the legal background highlights important information for potential buyers. In this blog, we dive into the case history of Varsh Developers, analyze patterns, and provide valuable insights for prospective homeowners.
Legal Case Summary
Varsh Developers has faced only one complaint, which they lost. In this particular case, the Gujarat Real Estate Regulatory Authority (RERA) found the builder in violation of the RERA Act by accepting more than 10% of the property cost as an advance payment without a registered agreement for sale. The final judgment resulted in a fine of Rs. 25,000 against Varsh Developers, marking a significant legal setback for them.
Details of the Case:- Builder's Claim: Varsh Developers contended that they had sold only 3 out of 20 units and argued that alterations to 2 …
Cases Lost by Builder (When Filing)
Yearly Trend for these Cases
Common Topics
The analysis of the cases filed by Varsh Developers, which they lost, revealed several key insights into their operations and common disputes with regulatory authorities. The identified themes present a high-level overview of the discrepancies and challenges the builder faced.
- Regulatory Non-compliance: Many of the disputes involve allegations of violating real estate regulations, particularly concerning advance payments. In this case, the Gujarat Real Estate Regulatory Authority found Varsh Developers liable for accepting excessive advance payments without registering the necessary sale agreements, thereby breaching Section 13(1) of the RERA Act.
- Disputes Over Advance Payments: This case highlights a recurring theme of litigation over the legality of advanced payments. The builder attempted to defend its actions by claiming limited sales and alterations to some units, indicating a potential misunderstanding or misinterpretation of the regulatory framework governing real estate transactions.
- Penalties for Project Violations: Builders are often subject to penalties …
Individual case details available for subscribers.
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