CCI considers relevant market for realtors
The Competition Commission of India (CCI) has levied Rs 6300 crore penalty on 11 cement companies and it has yet to consider a surplus of cases against builders.
In the case of DLF, CCI looked at the relevant market as ‘high-end residential’ in Gurgaon while it looked at the relevant market as ‘residential accommodation’ in the case of Emaar MGF in Gurgaon. And it considered the relevant market as ‘multi-storeyed residential apartments’ in the case against Tulip Infratech.
The CCI keenly observed the sales figures of realtors all over India as there was no public data available on residential sales in Gurgaon. This measure of CCI was opposed by many as an incorrect way of calculating market share.
A firm’s nationwide market capitalization cannot be a good option for considering its dominance in a particular area.
CCI elucidated dominance based on public data provided by the Centre for Monitoring Indian Economy and in most of the cases, it used DLF judgement as a benchmark.
To read more real estate news:
Gurgaon-Sohna road – a main center for commercial progress
Construction costs hike again!
Source: Business Standard
Capitalization, Cement companies, Centre for Monitoring Indian Economy, DLF, Emaar MGF, Gurgaon, high-end residential, Multi-storeyed residential apartments, Penalty, realtors all over India, residential accommodation, residential sales in Gurgaon, The Competition Commission of India (CCI), Tulip Infratech
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