Frequently Asked Questions
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Madhav Residency
Bhestan, Surat, Gujarat
SHYAM DEVELOPERS
MADHAV RESIDENCY is a premier residential project located in the serene locality of Dindoli-Bhestan-Bhedwad, Surat. Developed by Shyam Developers, this project offers a blend of modern living and traditional charm. The project features a total of 254 units, including 1 BHK and 2 BHK apartments, designed to cater to the diverse needs of families.
The apartments are spacious, with carpet areas ranging from 16.4 to 51.17 Sq.Mts, ensuring ample room for comfort and convenience. The project emphasizes a community-centric lifestyle, with well-planned amenities that enhance the living experience.
Residents will enjoy a range of facilities, including a swimming pool, landscaped gardens, and dedicated play areas for children. The project is designed with safety and security in mind, featuring comprehensive fire safety systems and 24/7 surveillance.
Located strategically, MADHAV RESIDENCY offers excellent connectivity to major highways and is in proximity to essential services such as schools, hospitals, and shopping centers. The project is set to be completed by Quarter 2 of 2025, making it an ideal investment for those looking to settle in Surat.
The project also incorporates sustainable practices, including energy-efficient systems and water conservation measures, ensuring a eco-friendly living environment.
What is MADHAV RESIDENCY?
MADHAV RESIDENCY is a residential project located in Dindoli-Bhestan-Bhedwad, Surat, offering 1 BHK and 2 BHK apartments.
What is the size range of the apartments?
The apartments have carpet areas ranging from 16.4 to 51.17 Sq.Mts.
What amenities are available in MADHAV RESIDENCY?
The project includes a swimming pool, landscaped gardens, and play areas for children.
How is the connectivity of MADHAV RESIDENCY?
The project is strategically located with excellent connectivity to major highways and is close to schools, hospitals, and shopping centers.
When is the expected possession date?
The project is expected to be ready for possession by Quarter 2 of 2025.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: 1 BHK, 2 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2025
- Project Span: 4,077 Sq.Mtrs
- No of Towers: 4.0
- Total No of Units: 254
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Madhav Residency
- Address: T.P.S.No.62, Dindoli-Bhestan-Bhedwad, Surat, Gujarat
- Sector: Others
- Locality: Bhestan
- City: Surat, Gujarat
- Builder: SHYAM DEVELOPERS
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/SURAT/SURAT CITY/SUDA/MAA05405/080519
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SHYAM DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
SHYAM DEVELOPERS, a builder primarily operating in Gujarat, presents a case study of both achievements and challenges faced within the real estate sector. With a total of five complaints filed against them, the builder has won only one case while losing four. This blog aims to analyze the legal disputes surrounding SHYAM DEVELOPERS, highlight patterns in their outcomes, and provide essential insights for potential buyers.
Overview of Legal Cases
Cases Won
SHYAM DEVELOPERS has successfully won one case, where they maintained that the project was completed within the stipulated time frame. This defense led the regulatory authority to exempt them from penal action despite a claim of financial misconduct involving advance payments without a signed agreement. This case signifies a strong point for the builder, showing their ability to meet deadlines, which is often a concern among homebuyers.
Cases Lost
Conversely, SHYAM DEVELOPERS has faced significant challenges in four other cases. The common issues identified in these cases include:
- Failure to Comply with RERA Regulations: Each case highlighted violations of key provisions under the Real Estate (Regulation and Development) Act, particularly regarding advertisement practices and reporting obligations. For example, they faced fines for not displaying their RERA registration number and failing to submit quarterly reports on time.
- Conflict in Claims: There exists a pattern where the builder claimed ignorance of regulatory requirements or acknowledged defects in advertisements. However, regulatory authorities consistently found them at fault, indicating a serious disconnect between their understanding of compliance and the expectations set by the regulatory framework.
- Financial Penalties: The fines imposed as a result of these findings—totaling over ₹3 lakhs—suggest systemic issues in governance and operational transparency within the firm.
Analysis of Winning and Losing Cases
The lone victory for SHYAM DEVELOPERS revolves around operational timeliness, suggesting a strength in project execution. However, the multiple losses reveal a significant weakness in regulatory compliance and … Read more
