Frequently Asked Questions
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Siddhivinayak Residency
Railnagar, Rajkot, Gujarat
SATYAM DEVELOPERS
Siddhivinayak Residency is a premier residential project located in the serene Railnagar Area of Rajkot, offering a harmonious blend of modern living and traditional charm. The project features 14 meticulously designed residential units, each with a carpet area ranging from 87.08 to 89.24 square meters, ensuring ample space for comfortable living. The project is strategically situated near key amenities, including schools, hospitals, and shopping centers, making it an ideal choice for families.
The project emphasizes sustainable living with advanced infrastructure, including a centralized drainage system and energy-efficient solutions. Residents can enjoy a range of amenities, including a community pool, landscaped gardens, and secure parking. The project is designed to provide a safe and comfortable environment, with comprehensive fire safety systems in place.
Siddhivinayak Residency is not just a home; it’s a lifestyle choice that combines luxury, comfort, and community, making it a valuable investment for the future. The project is ready for immediate possession, allowing residents to enjoy their new homes without delay.
What is Siddhivinayak Residency?
Siddhivinayak Residency is a residential project located in Railnagar Area, Rajkot, offering 14 residential units designed for modern living.
What is the size range of the units?
The units have a carpet area ranging from 87.08 to 89.24 square meters.
What infrastructure is included in the project?
The project includes a centralized drainage system and energy-efficient solutions.
What amenities are available at Siddhivinayak Residency?
Residents can enjoy a community pool, landscaped gardens, and secure parking.
What are the nearby facilities?
The project is near schools, hospitals, and shopping centers, providing convenience for families.
Is Siddhivinayak Residency a good investment?
Yes, the project offers a blend of luxury and comfort, making it a valuable investment for the future.
Basic Information
- Price Range:
- Property Type: Apartment
- Flat Type: Residential
- Project Status: Ready To Move
Project Details
- Possession Date: Quarter 4 2022
- Project Span: 0.94 Acres
- No of Towers: 1
- Total No of Units: 14
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Siddhivinayak Residency
- Address: Railnagar Area, Sadhu Vaswani Kunj Road, Rajkot, Gujarat
- Sector: Sadhu Vaswani Kunj Road
- Locality: Railnagar
- City: Rajkot, Gujarat
- Builder: SATYAM DEVELOPERS
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/RAJKOT/RAJKOT/Others/RAA03694/151018
Project
Neighborhood
Project Video
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SATYAM DEVELOPERS
- No of Complaints: Not Available
- States (Active in): Gujarat, Maharashtra
Introduction
When considering a property investment, understanding a builder’s track record is crucial for potential buyers. In this post, we delve into Satyam Developers, an entity with projects in Gujarat and Maharashtra. We will look into their legal standing based on the complaints and cases they have faced.
Overview of Satyam Developers
Satyam Developers has faced three complaints, of which they have won one and lost two. This alarming ratio raises questions about the company’s operational practices and the experiences of previous buyers.
Legal Case Breakdown
1. Cases Where the Builder Filed and LostIn one particular case, the builder claimed that the delays in possession were due to several factors, including:
- Delays caused by slum dwellers vacating the plot.
- Limited construction space.
- Extreme delays in the issuance of occupancy certificates.
- Disputes between partners.
- Financial challenges related to loan approvals.
- Crisis management due to GST and RERA regulations.
- Significant increases in project costs.
However, the appellate tribunal ruled against Satyam Developers, confirming that they failed to deliver possession in a timely manner. Consequently, the tribunal ordered the builder to compensate the respondents for the delay.
2. Cases Filed Against the Builder Where They LostThis case is remarkably similar to the previous one, highlighting a major issue: the builder’s consistent inability to meet delivery timelines. The claims made against Satyam Developers were again centered around failure to deliver possession on time, despite multiple external factors cited by the builder as justifications. The outcome was the same, with the tribunal dismissing the appeal and directing Satyam Developers to pay interest for the delay.
Case Filed Against Satyam Developers Where They Won
The victorious case involved the Gujarat Real Estate Regulatory Authority, which noted that Satyam Developers had not submitted the required quarterly reports for their project 'Satyam Hills.' The builder argued that their non-compliance was due to ignorance of the new legal requirements rather than willful disregard. While the … Read more
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