| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Introduction
In the realm of real estate, choosing the right builder can be a daunting challenge, especially when it comes to understanding their legal standing. In this article, we delve into the specifics of Yashswi Developers, a builder operating in Gujarat, and analyze the legal issues they've faced as well as provide essential tips for potential buyers.
Background on Yashswi Developers
Yashswi Developers has encountered significant legal hurdles, evident from two cases that have led to losses for the builder. The issues revolve around violations of the Real Estate (Regulation and Development) Act, 2016, particularly concerning the failure to properly advertise the RERA registration number and the related website.
Legal Case Overview
Cases Lost
- The first case involved the builder failing to include the RERA registration number in their advertisement, violating Section 11(2) of the Real Estate (Regulation and Development) Act, 2016. The verdict led to a fine of Rs. 50,000.
- The second case was a similar violation, where the builder did not display the RERA website. This resulted in a steeper fine of Rs. 1,25,000.
- Recurrent Violations: Both cases center on the similar violation of failing to include mandatory information in advertisements, indicating a pattern of negligence in adhering to RERA regulations.
- Accepting Defects: In each case, Yashswi Developers acknowledged the issues with advertisements, suggesting a potential lack of oversight in their marketing strategies.
Cases Won
Interestingly, Yashswi Developers has not won any cases. All filed cases resulted in losses, indicating a consistent struggle in legal confrontations regarding regulatory compliance.
Common Factors in Cases Won:- In this instance, there are no cases won by the builder, highlighting the challenges they face in legal arenas.
Overall Assessment of Yashswi Developers
With two complaints lodged against them, and both resulting in losses, Yashswi Developers' track record raises questions about their operational practices and compliance with legal standards. The fines imposed demonstrate a lack of diligence in adhering to regulations aimed at protecting consumers.
Tips for Potential Buyers
- Research the Builder's Reputation: Always investigate past customer experiences and the legal history of a builder. Understanding their compliance with regulations can save you from potential headaches.
- Scrutinize Agreements: Thoroughly read through agreements and check for any clauses that could affect your rights as a buyer.
- Demand Transparency: Ensure that the builder is open about their compliance with RERA and other regulations. Verify the presence of the necessary registration details in all advertisements.
General Tips for Selecting Any Builder
- Check for RERA Registration: Ensure that the builder is registered with the RERA in your state, which protects you under legal frameworks.
- Seek Past Project Reviews: Look at previous projects completed by the builder. Customer reviews can provide insights into project delivery timelines, quality of construction, and overall satisfaction.
- Evaluate Financial Stability: Assess the financial health of the builder, which can indicate their ability to complete projects successfully.
Conclusion
In conclusion, while Yashswi Developers operates in Gujarat, their legal struggles underscore the importance of exercising due diligence before making any investment in real estate. As a buyer, understanding your builder’s legal landscape and insisting on transparent practices can safeguard your investment and ensure a smooth property acquisition process.
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Here you’ll find cases where others sued the builder, and the builder lost. We’ve included a simple summary and key takeaways from each case.
Analysis of the cases filed against Yashswi Developers, where the builder lost, revealed significant information regarding their adherence to the Real Estate (Regulation and Development) Act, 2016 (RERA). The cases highlighted a recurring theme surrounding violations of RERA compliance, particularly in relation to advertising requirements.
The common theme among the cases involved penalties for non-compliance with Section 11(2) of RERA, which mandates the display of the RERA registration number and website in advertisements. This highlights an important aspect of regulatory compliance in the real estate sector and underscores the authority's commitment to enforcing transparency.
The primary reason for the lawsuits stemmed from the builder's failure to adhere to these critical regulatory requirements. In both cases, the respondent acknowledged the violation, indicating a pattern of negligence rather than willful disobedience. The penalties imposed—Rs. 50,000 in one case and Rs. 1,25,000 in the other—reflect the authority's disdain for such violations and serve as a deterrent for future non-compliance.
The builder's losses in these cases point to a troubling trend: a lack of due diligence with respect to RERA compliance. The frequent acceptance of defects in advertisements suggests a systemic issue within the builder’s operations, which could impact their credibility in the eyes of potential buyers.
Overall, these cases emphasize the importance of RERA compliance in the real estate sector. Buyers should take note of these violations as they could indicate a broader pattern of neglect, which may affect the quality of the builder's projects and their commitment to accountability.
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 |
|---|---|---|---|---|---|---|---|
| 2972096 | Gujarat | The promoter-developer of 'Yashaswi Elegance' pro… | ["Violation of RERA… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Yashswi Developers | https://drive.google.com/uc?id=1c4xRKsqnQKXOTa4wDCWndt-hY_sIzUG- |
| GJ/CMP/SM/AHMEDABAD… | Gujarat | The promoter-developer of 'Yashwi Elegance' proje… | ["RERA registration… | {"appellant_claim": "The appellant claimed that t… | Gujarat Real Estate… | Yashswi Developers | https://drive.google.com/uc?id=1VlyZ0Hv9B-mQxvHmzyoGenGppSETIHxC |