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Om Arcade
Others, Anand, Gujarat
PARAM DEVELOPERS
OM ARCADE is a premier commercial project located in the heart of Anand, Gujarat. This project is designed to cater to the growing demand for retail spaces, offering a vibrant shopping experience. The project spans 0.81 acres and features a total of 54 units, ensuring ample opportunities for businesses to thrive. The units range from 11.65 to 36 square meters, providing flexibility for various business needs.
The project is strategically located to provide easy access to major roads and highways, ensuring a steady flow of customers. OM ARCADE is equipped with modern amenities, including a pool, disposal of sewage water systems, and lift facilities, making it an ideal choice for businesses looking for a conducive environment.
In addition to its prime location, OM ARCADE emphasizes sustainability and energy efficiency, incorporating features such as LED lighting and water conservation systems. The project is also committed to fire safety, ensuring a safe environment for all occupants. With its combination of modern design, strategic location, and comprehensive amenities, OM ARCADE is poised to become a landmark in the commercial sector of Anand.
What is OM ARCADE?
OM ARCADE is a premier commercial project located in Anand, Gujarat, designed to cater to the growing demand for retail spaces.
What types of units are available?
The project offers units ranging from 11.65 to 36 square meters, suitable for various business needs.
Where is OM ARCADE located?
OM ARCADE is strategically located in the heart of Anand, providing easy access to major roads and highways.
What are the nearby amenities?
The project is close to residential areas, ensuring a steady flow of customers.
What amenities are included in OM ARCADE?
The project features modern amenities such as a pool, lift facilities, and energy-efficient systems.
Is OM ARCADE a good investment?
With its prime location and modern facilities, OM ARCADE presents a promising investment opportunity in the commercial sector.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall
- Flat Type:
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 3 2018
- Project Span: 0.81 Acres
- No of Towers: 1
- Total No of Units: 54
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Om Arcade
- Address: Anand, Gujarat, Gujarat
- Sector: Others
- Locality: Others
- City: Anand, Gujarat
- Builder: PARAM DEVELOPERS
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/ANAND/ANAND/Others/CAA04654/100119
Project
Neighborhood
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PARAM DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
In the bustling world of real estate, understanding a builder's reputation is essential for potential buyers. This blog post delves into Param Developers, a builder operating in Gujarat, exploring their legal standing, insights from past cases, and strategic advice for buyers considering their projects.
Overview of Param Developers
Param Developers has been mentioned in three legal complaints, of which they have won one case and lost two. This record provides valuable insights into their business practices, accountability, and reliability.
Legal Case Analysis
Cases Lost
- Total Cases Lost: 2
- Significant Case Details:
- In one notable lost case, the Gujarat Real Estate Regulatory Authority (GUJRERA) imposed a fine of Rs. 40,000 on Param Developers for failing to submit its annual report on time. This case highlights a pattern of non-compliance with regulatory requirements, which can signal potential issues in project management and accountability.
Cases Won
- Total Cases Won: 1
- Significant Case Details:
- The builder successfully defended against claims regarding the late submission of audit reports and was penalized only for missing deadlines without substantial penalties imposed on them. This indicates that while the builder may face challenges, they also have some degree of success in legal matters concerning project reporting responsibilities.
Patterns Identified:
- Common Factors in Lost Cases:
- Non-compliance with regulatory deadlines, particularly relating to annual reporting requirements, is a trend observed in the cases Param Developers has lost. Such lapses can indicate either operational weaknesses or administrative oversights that potential buyers should consider.
- Common Factors in Won Cases:
- In cases won, the builder demonstrated a degree of responsiveness a claimed unforeseen circumstances for delays. This suggests that while they can face penalties, they are aware of some regulatory expectations and can effectively engage with authorities when necessary.
Conclusion
Overall Assessment of Param Developers
While Param Developers has had a mix of legal outcomes, the record of complaints and fines points to shortcomings in meeting compliance deadlines. Although the company has … Read more
