Frequently Asked Questions
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Shree Siddhivinayak Residency
Hukmakhedi, Indore, Madhyapradesh
SHRI SIDDHI VINAYAK DEVELOPERS
SHREE SIDDHIVINAYAK RESIDENCY is a promising residential project located in the serene Village Hukmakhedi, Indore. This project is designed to offer a harmonious blend of modern living and natural surroundings, making it an ideal choice for families seeking a peaceful yet connected lifestyle. The project spans over 2.917 hectares, providing ample space for residential plots that cater to diverse needs.
The project is strategically located to ensure easy access to essential amenities such as schools, hospitals, shopping centers, and public transport. Residents will enjoy the benefits of living in a well-planned community with green spaces and recreational areas, promoting a healthy and active lifestyle.
SHREE SIDDHIVINAYAK RESIDENCY is committed to sustainable development, incorporating features that enhance the living experience while minimizing environmental impact. The project is expected to be ready for possession by Quarter 3 of 2024, making it a timely investment opportunity for those looking to build their dream home in Indore.
What is SHREE SIDDHIVINAYAK RESIDENCY?
SHREE SIDDHIVINAYAK RESIDENCY is a residential project located in Village Hukmakhedi, Indore, offering residential plots in a well-planned community.
What is the size of the project?
The project spans over 2.917 hectares.
Where is the project located?
The project is located in Village Hukmakhedi, Indore, Madhya Pradesh.
What amenities are nearby?
The project is close to schools, hospitals, shopping centers, and public transport.
When is the possession date?
The project is expected to be ready for possession by Quarter 3 of 2024.
Is this a good investment opportunity?
Yes, with its strategic location and planned amenities, SHREE SIDDHIVINAYAK RESIDENCY presents a promising investment opportunity.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 3 2024
- Project Span: 2.917 Hectares
- No of Towers:
- Total No of Units: 188+
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Shree Siddhivinayak Residency
- Address: Village Hukmakhedi, Indore, Madhya Pradesh, Mp
- Sector: Village
- Locality: Hukmakhedi
- City: Indore, Madhyapradesh
- Builder: SHRI SIDDHI VINAYAK DEVELOPERS
RERA Authority
RERA Registration Number
P-IND-21-3035
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SHRI SIDDHI VINAYAK DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat, Madhya Pradesh
Introduction
Shri Siddhi Vinayak Developers, a notable player in the Indian real estate market, has been involved in multiple legal challenges in recent years. With operations primarily in Madhya Pradesh and Gujarat, the builder has experienced a significant number of complaints and legal battles. This blog post will delve into the detailed performance of Shri Siddhi Vinayak Developers, analyzing the patterns in their legal disputes, and providing essential insights for potential buyers.
Overview of Complaints and Legal Outcomes
Shri Siddhi Vinayak Developers has faced a total of 30 complaints, out of which they have won 2 cases and lost 28 cases. Such numbers indicate an imbalance in legal outcomes and suggest potential concerns about the builder's practices and project execution.
Legal Case Against the Builder
- Cases Filed and Lost by the Builder (3 Cases):
- In these cases, the builder primarily defended themselves against accusations related to project registration and timely submission of required audits and reports under the RERA Act. Each case concluded with penalties imposed against them, nullifying their claims.
Complaints Filed Against the Builder (2 Cases):
- Unfortunately for the developer, they did not fare well in these cases, which highlighted issues of possession delays and the absence of formal sale documents. Both complaints were dismissed in favor of the complainants, indicating a lack of sufficient defense on the part of the builder.
Cases Against the Builder That Were Won (25 Cases):
- In contrast, the builder has successfully won 25 cases, reflecting a more favorable outcome overall when faced with complaints against them. These instances often involved defenses citing compliance and service provision. Outcomes included orders for compensation, service fulfillment, and project continuation, suggesting that the builder could, in certain situations, substantiate their claims and agreements.
Patterns in the Cases
Common Factors in Lost Cases:
- Regulatory Compliance Issues: A significant number of lost cases revolved around claims of non-compliance with RERA regulations, … Read more
