CCI Order against DLF
Last week, realty bigwig DLF got a Supreme Court breather over a Rs 630-crore penalty which the Competition Commission of India (CCI) had imposed on the company for allegedly abusing its leading realty-market position, with regard to a residential society in Gurgaon. During the course of Friday proceedings at the Supreme Court, a bench headed [...] Continue Reading »
The BJP’s election manifesto always shouted loud and clear ‘’ Ache din aane wale hain’’. Post-election and the swearing in of the new government, the nation is still dancing to that tune. The residents of three DLF projects—Belaire, Park Place and Magnolias now can breathe a sigh of relief with the good news as Competition [...] Continue Reading »
As per the report, the Competition Commission of India has imposed a penalty of Rs 2.4 crore on DLF due to failure to comply with the regulators’ directions to cease and desist from unfair trade practices. CCI says that the “continued non-compliance” would obtain a fine of Rs 1 lakh per day. It further added [...] 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 »
