CCI order
Next week the Competition Commission of India (CCI) is expected to hear the charges of alleged cartelisation, lobbying and unfair trade practices against nine of the country’s top builders and their industry body CREDAI (Confederation of Real Estate Developers’ Associations of India). Following a probe carried out by the investigation arm of CREDAI, The CCI had [...] Continue Reading »
The Competition Commission of India (CCI) has dismissed a flat owner’s petition alleging abuse of dominant position by private builder, Dwarkadhis Projects, in Gurgaon. The petitioner is a home owner at Aravali Heights at Sector-24, Dharuhera in Rewari. CCI rejected the petition on the account that the builder is not a dominant player in the [...] Continue Reading »
The Realty Giant DLF is likely to approach the Compat (Competition appellate Tribunal) to challenge the order by Competition Commission of India (CCI) to pay Rs 630 crores penalty for the abuse of the dominant market position. This challenge on the order is on the basis of Competition Commission of India’s classification of DLF as [...] Continue Reading »
Flats owners of Park Place luxury housing project contested the arbitrary change in the housing plan done by DLF and accused the builder of misusing its dominant position as per the contract agreement signed between the flat owners and the builder. After the Competition Commission of India (CCI) order, the flat owners are joyous. “The [...] Continue Reading »
Lawyers in Delhi, Mumbai, Bangalore and Kolkata have been approached by people whose dream homes remain a distant dream as real estate developers keep postponing projects and missing delivery deadlines. The Competition Commission of India (CCI) order has come as a huge boost to those looking for relief as some have decided to move the [...] Continue Reading »
