| CIN | Not Available |
|---|---|
| Year Established | Not Available |
| Address | Not Available |
| Company Status | Not Available |
Overall Case Outcomes
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. …
Cases Lost by Builder (When Defending)
Yearly Trend for these Cases
Common Topics
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 …
Individual case details available for subscribers.
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