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Moti Complex I
Railnagar, Rajkot, Gujarat
KRISHNA DEVELOPERS
MOTI COMPLEX I is a premier commercial project located in the bustling area of Railnagar in Rajkot, Gujarat. This project is designed to cater to the growing demand for retail spaces in the region, offering a vibrant shopping experience for residents and visitors alike. The project features a total of 23 units, including shops and stalls, with sizes ranging from 5.53 to 28.58 square meters, making it an ideal choice for various business ventures.
The project is strategically located to provide easy access to major roads and public transport, ensuring a steady flow of customers. The design emphasizes modern architecture and functionality, creating an attractive environment for both shoppers and businesses.
MOTI COMPLEX I is equipped with essential amenities, including a well-planned layout, ample parking space, and necessary infrastructure. The project is ready for immediate possession, allowing businesses to start operating without delay.
Investing in MOTI COMPLEX I not only promises a lucrative business opportunity but also places you in a thriving commercial hub, making it a valuable addition to your investment portfolio.
What is MOTI COMPLEX I?
MOTI COMPLEX I is a commercial project located in Railnagar, Rajkot, designed for retail spaces and businesses.
What types of units are available?
The project offers a total of 23 units, including shops and stalls, with sizes ranging from 5.53 to 28.58 square meters.
Where is MOTI COMPLEX I located?
The project is located in Railnagar, Rajkot, providing easy access to major roads and public transport.
What are the nearby amenities?
The project is surrounded by residential areas, ensuring a steady flow of potential customers.
Is MOTI COMPLEX I a good investment?
Yes, investing in MOTI COMPLEX I places you in a thriving commercial hub, making it a valuable addition to your investment portfolio.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall
- Flat Type:
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 4 2019
- Project Span:
- No of Towers: 1
- Total No of Units: 23
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Moti Complex I
- Address: Railnagar, Rajkot, Gujarat
- Sector: Others
- Locality: Railnagar
- City: Rajkot, Gujarat
- Builder: KRISHNA DEVELOPERS
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/RAJKOT/RAJKOT/Others/CAA03905/011118
Project
Neighborhood
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KRISHNA DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat, Maharashtra
Introduction
In the landscape of real estate development, buyers aspire to find trustworthy builders who honor their commitments and deliver quality projects on time. Krishna Developers, a builder operating in the states of Gujarat and Maharashtra, presents a case worth examining, particularly regarding their legal standing and customer satisfaction.
Legal Standing of Krishna Developers
Krishna Developers currently faces six complaints, all of which have not favored the builder, leading to a total loss of six cases. The nature of complaints against them revolves primarily around regulatory compliance, particularly in relation to the Real Estate (Regulation and Development) Act of 2016. The consistent loss in legal battles raises concerns about the builder’s credibility and operational transparency.
Summary of Legal Cases
In the complaints filed against Krishna Developers, the verdicts depict a pattern where they have repeatedly failed to comply with statutory requirements. Here are the key details:
- Non-Submission of Audit Reports: The Gujarat Real Estate Regulatory Authority held Krishna Developers accountable for not submitting the annual audit report for the project 'Setu Heights' on time, resulting in a Rs. 40,000 fine.
- Violations of Advertisement Regulations: The builder faced multiple sanctions for not including their RERA registration number and website in the project advertisements. These cases resulted in fines of Rs. 1,25,000 and Rs. 10,000.
- Withdrawal of Complaints: Some cases were marked as withdrawn, indicating that not all issues may have not reached a verdict due to incompletion or resolution outside the court.
- Delay Condonation: In other instances, delays in project timelines have been acknowledged, with clarifications that costs would be incurred for condoning such delays. In two separate cases, the builder agreed to condone delays upon payment of Rs. 1,500 in costs.
Patterns in Legal Challenges
Common Factors in Lost Cases
- Regulatory Non-compliance: The majority of cases against Krishna Developers revolve around failing to adhere to the RERA guidelines, highlighting a critical gap … Read more
