Belaire
Unitech, Oberoi Realty, BPTP Ltd, Gaursons India, K Raheja Corp, Amrapali Group, Supertech Ltd, Tata Housing Development Company, Ansal Properties & Infrastructure, Purvankara Projects, Prestige Estates Projects, Avalon Group, Aparna Construction and Estate, Amit Enterprises Housing, Omaxe, Parsvnath Developers, PS Groups Salarpuria Group, Purohit Construction and Ambuja Neotia Group have come under the radar of [...] Continue Reading »
After imposing a heavy fine of Rs 1,773 crore on state-owned Coal India Ltd, CCI is now planning to impose fine on DDA. According to a current report by the competition watchdog’s director-general (investigation), it is found that DDA is exploiting its dominant market value through its housing sale practice. A senior official says that we [...] Continue Reading »
Lawyers for the owners’ associations for Belaire and Park Place, the two DLF properties at the centre of the DLF case, are preparing a claim for more compensation, which could go as high as Rs.2,000 crore. DLF will likely contest the order on the grounds that CCI has wrongly interpreted the relevant market and thereby [...] Continue Reading »
The real estate giant DLF slapped Rs 630 crore fine. DLF had delayed construction of the project and increased the number of floors without informing buyers. The verdict on complaint filed by the Belaire Owner’s Association will relieve customers, who say sale agreements are heavily tilted in favour of the builder. The Competition Commission order [...] Continue Reading »
The petition before Competition Commission of India (CCI), filed by Belaire Owner’s Association against DLF Limited states DLF has failed to deliver the residential project on time and put discriminatory and abusive clauses in the rent agreement provided to the allottees of the apartments. It also says the builder is abusing its dominant position in [...] Continue Reading »
