Competition Commission of India (CCI)
The Competition Commission of India (CCI) has approved a real estate deal between global private equity giant Blackstone group and Pune-based realty firm Embassy Group. The proposed deal involves Blackstone and Embassy group having joint control over an entity engaged in the development and management of commercial and office space. It has been dubbed as [...] Continue Reading »
There seems to be no end to DLF’s legal feuds as cases are piling up against the developer for a wide range of reasons including unfair business practices for the last couple of years. In the latest event, more than a dozen investors dragged DLF to court, accusing it of downgrading their investments in an [...] Continue Reading »
The Builders’ Association of India (BAI) has requested the Competition Commission of India (CCI) to revise its rules to allow for criminal prosecution against cement company officials for their alleged role in cartelisation. BAI trustee D L Desai said that the association members have urged the CCI to amend its rules to allow criminal prosecution [...] Continue Reading »
DLF considered as the largest real estate builder in India, is struggling with debt amounting more than Rs.22 crore. The sales and the net profit has also reduced in last two years, resulting the high debt amount in the real estate property market. DLF is aiming to raise funds by dis-investing its non core assets. [...] Continue Reading »
