Frequently Asked Questions
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Swastik Textile Market-Phase-1
Others, Surat, Gujarat
SWASTIK ENTERPRISE
Swastik Textile Market-Phase-1 is a premier retail space located in the heart of Surat City, Gujarat. This project is designed to cater to the growing demand for textile and fashion products, featuring a total of 74 units spread across 6 towers. The project spans an area of 1.5 acres, providing ample space for various retail businesses. The development is strategically located to ensure excellent visibility and accessibility, making it an ideal choice for businesses looking to thrive in a bustling commercial environment.
The project emphasizes modern infrastructure and sustainability, incorporating features such as a centralized drainage system, solid waste management, and energy-efficient solutions. The design ensures ample natural light and ventilation, creating a welcoming atmosphere for shoppers. With a focus on community engagement, the project includes amenities that enhance the shopping experience, such as ample parking, landscaped areas, and recreational spaces.
Investing in Swastik Textile Market-Phase-1 not only promises a steady income stream but also positions your business in a vibrant retail hub, ensuring visibility and foot traffic. The project is set for possession in Quarter 4 of 2023, making it a timely opportunity for entrepreneurs and investors alike.
What is Swastik Textile Market-Phase-1?
Swastik Textile Market-Phase-1 is a premier retail space located in Surat City, designed to cater to the growing demand for textile and fashion products.
What types of units are available?
The project features a total of 74 units spread across 6 towers, designed for various retail businesses.
Where is the project located?
The project is located in Surat City, Gujarat, ensuring excellent visibility and accessibility.
What are the nearby amenities?
The project is strategically located near major shopping centers, hospitals, and educational institutions.
When is the possession date?
The project is set for possession in Quarter 4 of 2023.
Is this a good investment opportunity?
Yes, investing in Swastik Textile Market-Phase-1 positions your business in a vibrant retail hub, ensuring visibility and foot traffic.
Basic Information
- Price Range:
- Property Type: Retail Space-Mall
- Flat Type:
- Project Status: Under Construction
Project Details
- Possession Date: Quarter 4 2023
- Project Span: 1.5 Acres
- No of Towers: 6
- Total No of Units: 74
- Total Floors:
- Project Density:
Location & Builder
- Project Name: Swastik Textile Market-Phase-1
- Address: Surat City, Surat, Gujarat, Gujarat
- Sector: Others
- Locality: Others
- City: Surat, Gujarat
- Builder: SWASTIK ENTERPRISE
RERA Authority
Gujarat Real Estate Regulatory Authority
RERA Registration Number
PR/GJ/SURAT/SURAT CITY/SUDA/CAA01097/A1C/280721
Project
Neighborhood
Project Video
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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
