Competition Commission of India
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s (Compat) order which was issued in [...] Continue Reading »
A penalty of Rs 630 crore was imposed by the Competition Commission of India (CCI), holding the prestigious realty major DLF guilty of abusing its dominant market position with regard to a residential society in Gurgaon. DLF on Thursday moved to the Supreme Court against the Competition Appellate Tribunal’s order which was issued in May. [...] Continue Reading »
There is some good news for BPTP Limited as the Competition Commission has rejected allegations that real-estate firm BPTP Limited and its subsidiary Countrywide Promoters had abused their dominant market position. This was with respect to development and sale of residential apartments in Gurgaon. An individual had filed a complaint against BPTP Limited that they had imposed [...] Continue Reading »
The cement producers are forming a syndicate or cartel and keeping the prices high and the Real estate developers are planning to go to the Competition Commission of India (CCI) to complain against this. CCI had imposed a Rs 6,300 crore fine on 11 cement companies in June 2012 for forming a cartel to keep the prices [...] Continue Reading »
The real estate developers of South India have decided to teach a lesson to the cement manufacturers for their alleged price hike by not buying cement for one week. However the industry experts are looking at this recent spat between the builders from south India and local cement manufacturers on the hike in cement prices [...] Continue Reading »
The Competition Commission of India has finally sanctioned a deal which involves a business transfer of Raheja Family Firms of Magna Hotel to another firm group named the Genext. The sanction has also mentioned that the corporate family will continue to control and no competitive concerns will be raised by the recent transactions. While Genext [...] Continue Reading »
At a recent meeting of the governing body of CREDAI Karnataka in Bangalore, some key issues were discussed, including the arbitrary increase in cement prices which the Cement Manufacturers Association (CMA) has announced. With the CMA having hiked the cement price from Rs 255 to Rs 315 per bag, CREDAI Karnataka President R Nagaraj said [...] 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 »
Supertech, real estate major, have been asked by the Allahabad High Court’s in recent order to demolish two towers in Noida for violating building laws that has left the residents in the lurch even as the developer grapples to refund their money with 14% interest. There are several other developers in Noida and Ghaziabad against [...] Continue Reading »
DLF, realty major, has been slapped a penalty of Rs 2.4 crore by the Competition Commission for not complying with its directions to cease and desist from unfair trade practices. Moreover, continued non-compliance would result in penalty of Rs 1 lakh every day, the fair trade watchdog said. Competition Commission of India (CCI) has imposed [...] Continue Reading »
