Frequently Asked Questions
Explore our list of frequently asked questions to find answers to common inquiries about this project.
Swastik Enterprises
Panvel, Mumbai, Maharashtra
SWASTIK ENTERPRISE
SWASTIK ENTERPRISES is a premier residential project located in the bustling area of Panvel, Navi Mumbai. This project is designed to offer a blend of modern living and comfort, featuring a total of 200 units across two towers. The units range from 1 BHK to 2 BHK, catering to diverse family needs.
The project emphasizes sustainable living with a focus on energy efficiency and water conservation. Residents can enjoy a range of amenities including landscaped gardens, children's play areas, and dedicated parking spaces.
Strategically located, SWASTIK ENTERPRISES provides easy access to major highways, schools, hospitals, and shopping centers, making it an ideal choice for families seeking convenience and connectivity.
With a possession date set for Quarter 2 2024, this project is an excellent investment opportunity for those looking to settle in the growing Navi Mumbai region.
What is SWASTIK ENTERPRISES?
SWASTIK ENTERPRISES is a residential project located in Panvel, Navi Mumbai, offering 1 BHK and 2 BHK units.
What is the total number of units in the project?
The project comprises a total of 200 units across two towers.
What amenities are included in the project?
The project includes landscaped gardens, children's play areas, and dedicated parking spaces.
How is the project designed for sustainable living?
SWASTIK ENTERPRISES emphasizes energy efficiency and water conservation measures.
Where is SWASTIK ENTERPRISES located?
The project is located in Panvel, Navi Mumbai, providing easy access to major highways and local amenities.
What schools and hospitals are nearby?
The project is in proximity to several reputable schools and hospitals, ensuring convenience for families.
When is the possession date?
The possession date for SWASTIK ENTERPRISES is set for Quarter 2 2024.
Is this a good investment opportunity?
Yes, with its strategic location and modern amenities, SWASTIK ENTERPRISES is an excellent investment opportunity in the growing Navi Mumbai region.
Basic Information
- Price Range:
- Property Type: Residential Plot
- Flat Type: 1 BHK, 2 BHK
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 2 2024
- Project Span: 5 Acres
- No of Towers: 2
- Total No of Units: 200
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Swastik Enterprises
- Address: Panvel, Navi Mumbai, Maharashtra, Maharashtra
- Sector: Others
- Locality: Panvel
- City: Mumbai, Maharashtra
- Builder: SWASTIK ENTERPRISE
RERA Authority
Maharashtra Real Estate Regulatory Authority
RERA Registration Number
P52000011118
Project
Neighborhood
Project Video
No Review for this Project yet. Be the first one to share your thoughts!
SWASTIK ENTERPRISE
- No of Complaints: Not Available
- States (Active in): Gujarat
Introduction
Swastik Enterprise has established its presence in the real estate sector primarily in Gujarat. However, potential homebuyers might want to pause and reflect on the builder's legal standing before making a decision. This article aims to delve into the builder's history of legal challenges, analyzing complaints, outcomes, and what this means for potential customers.
Overview of Legal Complaints Against Swastik Enterprise
Swastik Enterprise has faced a total of three legal complaints, and notably, the builder has lost all three cases. The outcomes highlight significant issues pertaining to legal compliance and the builder's obligations under the Real Estate (Regulation and Development) Act (RERA).
Breakdown of Legal Cases
- Case 1: Swastik Enterprise was found to have violated Section 13(1) of the RERA Act by collecting 10% more amounts from 12 housing units without a registered agreement. The builder was penalized with a fine of Rs. 50,000.
- Case 2: This case involved the failure to submit Form-5 within the set timeframe. The fine imposed for this breach was Rs. 15,000.
- Case 3: The builder did not submit the annual audit report for the 'Swastik Textile Market Phase-I' on time, leading to a hefty penalty of Rs. 1,25,000 due to technical issues claimed by the builder.
Patterns in Legal Cases
Cases Lost:
- Common Theme: A recurring theme in the lost cases for Swastik Enterprise involves the failure to comply with legal requirements. Specifically, the inability to submit necessary documentation (like the annual audit report and Form-5) and financial impropriety (charging without a registered agreement) underscore serious management and operational deficiencies.
- Implications for Buyers: Such issues raise red flags about the builder’s financial practices and adherence to regulatory frameworks, which are critical in real estate transactions.
Cases Won (Fines Imposed):
- Although Swastik Enterprise has cited claims in their defense, the outcomes still resulted in significant fines. The fines indicate a pattern of inadequate administrative compliance and oversight … Read more
