Fortune Realty is a builder operating within the state of Gujarat, with a reputation that has come under scrutiny due to a relatively low number of complaints and a significant loss in legal settings. With only one recorded complaint and a case lost, it’s essential to delve deeper into the particulars of the builder’s situation to understand what potential buyers might be getting into.

Legal Case Analysis

Despite the limited history, the legal case against Fortune Realty reveals important insights about their operational practices. The case stemmed from a violation of the Real Estate (Regulation and Development) Act, 2016, specifically regarding the improper advertisement that failed to include the mandatory RERA registration number and RERA website. This oversight resulted in a fine of Rs. 1 lakh imposed on the builder.

Common Factors in Cases Lost

In analyzing the lost case, a clear pattern emerges: the lack of compliance with mandatory regulations governing real estate advertisements. This suggests a potential gap in the builder's processes or a lack of attention to the regulatory details essential for ensuring transparent practices. The case indicates that buyers or stakeholders may need to be vigilant regarding compliance and verification of legal requirements when engaging with Fortune Realty.

Common Factors in Cases Won

Interestingly, while Fortune Realty has not won any cases against them, the one complaint they faced did see the builder make a claim that the omission of important details such as the RERA registration was a simple mistake. While this argument didn’t lead to a favorable outcome from the authority, it highlights an approach taken by the builder indicating a willingness to acknowledge errors. This may reflect a broader cultural aspect within the company, suggesting they may rectify such mistakes in future practices to prevent regulatory conflicts.

Conclusion

Overall, Fortune Realty presents a situation that potential buyers should consider carefully. The … Read more