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VISION DEVELOPERS

  • No of Complaints: 4
  • States (Active in): Gujarat
CIN Not Available
Year Established Not Available
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Introduction

When considering a builder for your next property investment, it’s vital to perform thorough due diligence. One of the builders to research is VISION DEVELOPERS, operating in Gujarat. This post aims to analyze the builder’s legal track record, victim complaints, and what that means for potential buyers.

Legal Overview

Complaints and Verdicts

  • Number of Complaints: 4
  • Cases Won: 0
  • Cases Lost: 4

The small number of complaints against VISION DEVELOPERS may seem reassuring at first glance. However, the crucial aspect is that all four cases have resulted in losses for the builder, indicating a pattern that potential buyers should consider seriously.

Analysis of Legal Cases

Cases Lost

  • Case Summary:
    1. The appellant claimed that they had not violated any regulations and asserted that their project was registered with the authority. Conversely, the respondent (the authority) maintained that the appellant had failed to register their project properly. The authority examined the documents and found the appellant in violation, resulting in a penalty of Rs. 30,000.

Patterns Observed:
The loss in this case highlights VISION DEVELOPERS' lack of compliance with registration regulations. This is a critical factor to consider since adhering to established regulations is essential for any construction project.

Cases Won

Despite the overall loss record, VISION DEVELOPERS has also faced cases filed against them in which they did not emerge victorious. These cases include:
1. The promoters were penalized for failing to submit final project completion reports.
2. A fine of Rs. 25,000 was imposed for violations of the Real Estate (Regulation and Development) Act, 2016.
3. A penalty of Rs. 50,000 was levied for late submission of reports and lack of necessary technical details.

Patterns Observed:
While VISION DEVELOPERS won these cases, the common denominator across these verdicts indicates a recurring theme of neglect in documentation and timely reporting, which could lead to trust issues among potential buyers.

Conclusion

Upon evaluating the available data, it appears that VISION DEVELOPERS has a concerning legal track record. With all cases resulting in losses, and a prolific pattern of penalties, the builder's compliance with required regulations is questionable.

Tips for Potential Buyers

  1. Do Your Homework: Investigate the builder's history and any past legal issues. Understanding their performance in the market and legal domain can save you from future complications.
  2. Request Documentation: Always ask for proof of proper registration and compliance with real estate laws before making any investment choices.
  3. Get References: Talk to previous buyers about their experiences with VISION DEVELOPERS.
  4. Include Clauses in Agreements: Ensure any agreements with the builder include specific clauses regarding documentation and recourse in case of future violations.

General Tips for Selecting a Builder

  • Reputation Matters: Choose builders with a solid reputation and positive feedback from past customers.
  • Check for Legal Compliance: Make sure they are compliant with local construction regulations, as this is critical for project success.
  • Visit Past Projects: Examine the quality of their completed projects to gauge whether their work meets your standards.

Navigating the real estate landscape requires diligence. Always prioritize builders with proven track records of compliance and customer satisfaction.

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Non-compliance with Regulatory Requirements Penalties for Project Delays Failure to Submit Mandatory Reports

Analysis of the cases filed against Vision Developers, where the builder lost, revealed significant insights into their legal disputes. The cases can be broadly categorized into three themes: Non-compliance with Regulatory Requirements, Penalties for Project Delays, and Failure to Submit Mandatory Reports.

The first theme, Non-compliance with Regulatory Requirements, encompasses the builder's violations of the Real Estate (Regulation and Development) Act, 2016. For instance, Vision Developers was fined Rs. 25,000 for not adhering to the provisions set forth in this legislation. This highlights a troubling pattern of disregard for regulatory obligations, which is a common trigger for litigation in the real estate sector.

The second theme, Penalties for Project Delays, is closely related to the first. Delays in project completion resulted in penalties, as seen in the case where the promoters were ordered to pay penalties for not submitting final reports on their completed projects. This indicates that one of the primary reasons people contest the builder's actions is due to delays that are often attributed to mismanagement or inadequate planning.

The third theme, Failure to Submit Mandatory Reports, further illustrates the builder's struggles with regulatory compliance. The imposition of a Rs. 50,000 fine for late submission of quarterly reports and lack of technical details emphasizes the importance of transparency and timely reporting in the real estate business. This failure to comply with reporting requirements not only incurs financial penalties but also raises concerns about the builder's operational integrity.

In conclusion, the common reasons for Vision Developers' losses in these cases include insufficient adherence to regulatory requirements, delays in project completion, and failure to fulfill reporting obligations. These patterns suggest systemic issues within the company's operational framework, which could impact its reliability and credibility in the eyes of potential buyers.

This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.

Case Number State Summary Case Topic Detailed Summary Appellant Name Respondent Name Source
GJ/CMP/NCQR/Vadodar… Gujarat The Gujarat Real Estate Regulatory Authority impo… ["Real Estate", "Re… {"appellant_claim": "Not provided", "respondent_c… Vision Developers https://drive.google.com/uc?id=1eNf_7B80SdGNvBeLuX21FMx_Ul5R3fA5
GJ/CMP/NCQR/RAJKOT/… Gujarat The Gujarat Real Estate Regulatory Authority impo… ["Real Estate", "Re… {"appellant_claim": "Not provided", "respondent_c… Vision Developers https://drive.google.com/uc?id=1pOMzR79rX3hni-WG9MUHPIPSZV6SutAe
Regulatory Non-compliance Project Registration Disputes Penalties for Violations

Analysis of the cases filed by the builder, VISION DEVELOPERS, which it lost, reveals crucial insights into the common themes surrounding its legal struggles. The issues primarily encompass Regulatory Non-compliance, specifically focusing on the failure to register projects with authorities, and the repercussions associated with such oversights. These cases predominantly feature disputes involving penalties for violations that were successfully claimed by opposing parties, based on the builder's regulatory lapses.

The instances of litigation predominantly arose from a few reasons. The builder sought to contest penalties by asserting that they had adhered to regulations, often leading to disputes over the registration status of their projects. The cases suggest a tendency for the builder to challenge regulatory authorities when faced with financial sanctions. A pattern emerges that indicates the builder often attributed project delays or issues to external factors, but these claims seemed insufficient in light of regulatory scrutiny.

Upon examining the reasons for the builder's losses in these cases, it becomes evident that there were several contributing factors. A key aspect was insufficient evidence presented by VISION DEVELOPERS to support their claims of compliance. Additionally, there was a notable failure to not only register projects as required, leading to penalties but also a lack of adherence to legal and regulatory requirements stipulated by governing authorities. Poor understanding or oversight of land classification and project registration rules further compounded their legal troubles. Consequently, these oversights and failures to follow necessary protocols seem to be the primary reasons leading to the adverse outcomes for the builder in these disputes.

This table provides an analysis of individual cases that contributed to the summary above. Click on any row to expand and view complete details, and use the "Show More" button to load additional rows as needed.

Case Number State Summary Case Topic Detailed Summary Appellant Name Respondent Name Source
GJ/CMP/SM/BANASKANT… Gujarat The promoter, Vision Developers, was found to hav… ["Real Estate", "Re… {"appellant_claim": "The appellant claimed that t… Vision Developers Gujarat Real Estate… https://drive.google.com/uc?id=1yrcV_D4yPqog1PmF6q1_7qnUmOf7YjgK

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