VICKY INFRA

Introduction

In the ever-evolving real estate landscape of India, choosing the right builder can be a daunting task for potential homebuyers. In this blog, we will examine the performance of VICKY INFRA, a builder with a presence in Gujarat, highlighting their legal track record, patterns in their cases, and providing valuable insights for prospective buyers.

Legal Case Overview

VICKY INFRA has encountered a total of 1 complaint, showcasing a noteworthy legal performance where they won the lone case filed against them. This favorable outcome paints a positive picture of their legal standing, yet a closer look at the details reveals important aspects regarding their operational practices.

Case Details

In the sole legal case VICKY INFRA was involved in, the promoter claimed that they submitted the annual audit report in a draft form on the RERA web portal, along with obtaining the necessary occupancy certificates. Conversely, the respondent alleged that the builder had failed to submit the annual audit report within the mandated timeframe, presenting what they termed as frivolous reasons for the delay. The final verdict resulted in the promoter being exempted from criminal proceedings, though the case did not absolve the project in question of its non-compliance concerning the audit report submission.

Analysis of Legal Cases

Patterns in Cases Won

VICKY INFRA’s success in their legal battle reveals a steadfast defense strategy, wherein they maintained that their submissions were indeed compliant with the necessary regulations (despite the challenges posed by the respondent). The emphasis on obtaining occupancy and registration certificates reflects an adherence to certain project completion protocols.

Patterns in Cases Lost

While the builder has not lost any cases, the circumstances of the lone complaint indicate that potential areas of concern might be related to time management in compliance submissions, particularly the annual audit reports. The acknowledgment of this non-submission, even in light of the favorable judgment, suggests that future compliance with RERA guidelines will be key for VICKY INFRA in preventing similar legal hurdles.

Conclusion

Based on the provided data, VICKY INFRA stands as a builder with a commendable legal track record, reflecting their capability to navigate the complexities of real estate regulations smoothly. However, potential buyers should remain cautious about the timelines associated with compliance and the implications it might have on project management and delivery.

Tips for Potential Buyers

1. Due Diligence: Before finalizing your purchase, ensure thorough research on VICKY INFRA's projects in Gujarat, examining quality, completion rates, and customer feedback.
2. Verify Compliance: Make sure all necessary documentation and compliance with RERA regulations are in place, especially concerning audit reports.
3. Engage a Trusted Advisor: Consulting real estate professionals can provide insights and help navigate any concerns about the builder's reputation.

General Tips for Selecting a Builder

1. Review Legal History: Look into the builder's past legal cases to gauge reliability and responsiveness to compliance issues.
2. Seek Testimonials: Connect with past clients to understand their experiences and satisfaction levels with the builder's projects.
3. Inspect Completed Projects: If possible, visit completed projects by the builder to assess build quality, infrastructure, and other vital factors.

In conclusion, while VICKY INFRA shows promise backed by their legal success, buyers must exercise diligence to ensure their investment is secure, while also keeping an eye on the broader market landscape.

An analysis of the cases filed by the builder, which it won, revealed the following information. The disputes primarily revolved around regulatory compliance and documentation issues, showcasing a pattern in the builder's litigation approach.

One common theme identified is Regulatory Compliance, where the builder claimed to have adhered to necessary legal requirements, such as submitting audit reports and receiving occupancy and registration certificates. Conversely, the other parties often argued that the builder failed to meet deadlines for submitting critical documentation.

Another significant theme is Project Documentation, where the builder's presentation of audit reports and compliance with registration protocols became focal points in their legal battles. The disputes highlighted claims of insufficient or late documentation, often leading the builder to contest penalties or accusations of negligence.

The builder commonly brought these cases to court for reasons like disputing delays that were claimed to be incurred due to factors outside their control, or contesting penalties that they deemed to be inappropriate. This illustrates a strategic approach where VICKY INFRA sought to defend its reputation against claims that appeared unfounded or excessive.

The builder's success in these cases often stemmed from the opposing parties not providing sufficient evidence to substantiate their claims. Additionally, instances of non-compliance by the other party, such as failing to meet legal documentation requirements, further benefitted the builder’s position in court. These legal victories indicate that VICKY INFRA was able to defend itself effectively, sometimes in the face of exaggerated or false claims made against it.

This analysis sheds light on VICKY INFRA's reputation within the broader real estate market. It becomes evident that while there are genuine disputes in the sector, builders can also face unmerited accusations, leading to unnecessary legal conflicts. VICKY INFRA’s strong track record of legally challenging false claims underscores their commitment to upholding their operational integrity.

For potential buyers, this analysis serves as a crucial reminder of the importance of making informed decisions. While there may be legitimate concerns in real estate dealings, buyers should approach claims against builders like VICKY INFRA with caution. Engaging in thorough research and seeking reliable information can significantly help buyers in forming a balanced perspective on a builder's reputation and operational reliability.