Frequently Asked Questions
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Lotus Corporate
Others, Bhavnagar, Gujarat
LOTUS REAL ESTATE
LOTUS CORPORATE is a premier commercial project located in the heart of Bhavnagar, Gujarat. This project is designed to cater to the growing business needs of the region, offering a blend of modern architecture and functional spaces. The project spans 0.40 acres and features a total of 16 units, ranging from shops to office spaces, ensuring a diverse range of options for businesses.
The project emphasizes modern infrastructure and sustainability, with features such as energy-efficient systems and comprehensive fire safety measures. The units are designed to provide ample natural light and ventilation, creating a conducive environment for productivity.
LOTUS CORPORATE is strategically located to provide easy access to major roads and public transport, making it an ideal choice for businesses looking for convenience and connectivity. The project is also in proximity to residential areas, ensuring a steady flow of customers and employees.
Investing in LOTUS CORPORATE not only means acquiring a prime commercial space but also becoming part of a thriving business community in Bhavnagar. With its modern amenities and strategic location, this project is poised to enhance the success of any business.
What is LOTUS CORPORATE?
LOTUS CORPORATE is a commercial project located in Bhavnagar, Gujarat, designed to meet the growing business needs of the region.
What types of units are available?
The project offers a total of 16 units, including shops and office spaces, catering to diverse business requirements.
What infrastructure features does the project include?
LOTUS CORPORATE includes energy-efficient systems and comprehensive fire safety measures to ensure a sustainable and safe environment.
How is the location of LOTUS CORPORATE beneficial?
The project is strategically located with easy access to major roads and public transport, making it convenient for businesses and customers alike.
Is LOTUS CORPORATE a good investment opportunity?
Yes, investing in LOTUS CORPORATE means acquiring a prime commercial space in a thriving business community, enhancing the potential for business success.
Basic Information
- Price Range:
- Property Type: Office Space-Commercial/Mall
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 1 2021
- Project Span: 0.40 Acres
- No of Towers: 1
- Total No of Units: 16
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Lotus Corporate
- Address: Bhavnagar, Gujarat, Gujarat
- Sector: Others
- Locality: Others
- City: Bhavnagar, Gujarat
- Builder: LOTUS REAL ESTATE
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/BHAVNAGAR/BHAVNAGAR/Others/CAA04745/EX1/161219
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LOTUS REAL ESTATE
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
In the competitive real estate market, selecting a trustworthy builder is crucial for homeowners and investors alike. Today, we are examining Lotus Real Estate, a builder operating in Gujarat, to understand their performance, legal history, and what prospective buyers should consider.
Builder Overview
Lotus Real Estate has faced 6 complaints to date, with no cases won in their favor. All 6 cases resulted in losses for the builder, raising concerns about their compliance with regulatory norms and their accountability towards clients.Legal Case Insights
Analysis of Cases Lost
A thorough examination of the legal cases reveals a troubling pattern: Lotus Real Estate consistently failed to submit required quarterly project reports on time. The recurrent issues include:
- Non-submission of reports: The builder continually neglected to file necessary quarterly updates with the Gujarat Real Estate Regulatory Authority (Gujrera).
- Penalties imposed: The outcomes led to financial penalties imposed by the RERA authority for various timelines – initially at Rs. 25,000 for the first quarter, escalating to Rs. 50,000 for subsequent quarters.
- Claims of technical issues: Many of the builder's defenses centered around alleged technical difficulties and claims of not receiving notifications or instructions, indicating a lack of rigorous internal processes or communication mechanisms.
Analysis of Cases Won
On looking deeper, the realities of the claimed "won" cases were misleading. Although it was stated that the builder had won cases, the details suggest otherwise. The results uniformly have been in favor of the regulatory authority, which underlines a pattern of failure in compliance rather than success.
- No successful defenses: The evidence showcases that the builder consistently incurred losses due to being found non-compliant with RERA guidelines, resulting in penalties rather than actual legal victories.
Conclusion
Overall Assessment
From the provided data, Lotus Real Estate presents a concerning profile for homeowners, as they have not successfully defended against any legal actions and have accumulated penalties for non-compliance. This track … Read more
