Belaire Apartments
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 interim order by Competition Commission of India (CCI) brings some relief to apartment buyers of DLF Ltd. CCI passed an interim order against the real estate developer in a case pertaining to its alleged abuse of dominance by changing original provisions of agreements without informing the buyers-Belaire Owners’ Association and Park Place Residence Welfare [...] 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 »
