CCI
The Competition Commission of India (CCI) will hear a complaint of ‘abuse of dominant position’ against real estate major DLF in next 10 days. This is actually regarding an upcoming project in Gurgaon. According to competition law experts, the court will examine all the aspects of the complaint along with the proof, if any, before [...] Continue Reading »
The Uttar Pradesh government on Thursday decided to set up a self-financed project monitoring group (PMG) to facilitate clearances for infrastructure projects. The initiative is inspired by the Centre’s successful experience in kickstarting stalled investment projects. Four crucial projects held up for the last few years due to lack of clearances has been cleared by [...] Continue Reading »
Competition Commission of India (CCI) has declined the charges of abuse of dominant position against the real estate company Universal Buildwell. It was declared by CCI that there is no existence of a prima facie case for creating an investigation as Universal Buildwell did not appear to be dominant in the market of development of [...] Continue Reading »
A panel was set up last year under the former Competition Commission of India in order to find out ways to make approval process easier for the real estate projects. The panel has suggested a single-window clearance model for the real estate reports to get clearance easily. In this report the ministry of environment nor [...] Continue Reading »
The biggest real estate developer, DLF was suggested by Competition Commission of India (CCI) to modify the apartments buyer’s agreement of Belaire project along with its two other projects, Park Plaza and Magnolia. The whole modification to the apartment buyers agreement takes place by following a direction from the Competition Appellate Tribunal ( COMPAT) which [...] Continue Reading »
New Delhi : The Competition Commission of India (CCI) initiated an investigation against five prime real estate developers for alleged competitive practice. Around 23 cases were filed against DLF, Larsen & Toubro, Tulip Infratech, Omaxe and JP Association, as reported to Rajya Sabha by corporate affairs minister, Sachin Pilot. DLF is filed with 15 more cases and a [...] 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 »
A complaint alleging the real estate developer Dwarkadhis Projects abused its dominant position has been rejected by the Competition Commission of India (CCI). While dismissing the complaint, the regulator stated that there was no evidence to suggest abuse of dominance by Delhi-based developer. The informant had purchased a dwelling unit in one of the housing [...] Continue Reading »
The Competition Commission of India (CCI) has rejected a complaint regarding alleged abuse of dominance by real estate developer Supertech. The developer was cleared off charges as the fair trade regulator did not find any evidence to support the charges. CCI maintained that there was nothing on record indicating any evidence of dominance of Supertech. [...] Continue Reading »
The real estate developers made a charge of cartelisation among cement companies to the Competition Commission of India (CCI). According to the builders agencies, the cement makers have increased the prices by 50 percent in the past six months and by 20 per cent after the Union Budget. Before six months the cost of a [...] Continue Reading »
