CCI says no abuse of dominant position by Ansal in Punjab
Apr 29, 2014
Source : The Economic Times

 

 

DELHI: Fair trade regulator CCI has rejected allegations of abuse of dominant market position against Ansal Township and Land Development with regard to the realty company's commercial project in Jalandhar, Punjab.

Competition Commission of India (CCI) held that no prima facie case was made out against Ansal for causing a probe by the Director General (investigations) as the company did not appear to be in a dominant position in the relevant market.

The complaint filed by an individual was against Ansal Township and Land Development, its managing director Pranav Ansal and joint managing director & CEO Anil Kumar.

It was alleged that Ansal had abused its dominant position with regard to allotment of commercial space in its project 'Ansal Highway Plaza' which is a shopping mall in Jalandhar.

As per the complainant, among other things, Ansal without giving any prior notice to the allottees and proper reason had illegally shut down the shopping mall in March, 2011.

In an order dated April 15, the watchdog said that the "presence of large number of players in the relevant market itself indicates that the consumers have choice and are not solely dependent on opposite party no 1 (Ansal)".

"Since the opposite party no 1 does not appear to be in a dominant position in the relevant market, the question of abuse of dominant position by it does not arise," the CCI added.

As per the order, the relevant market in this case has been defined as "the market of the services for development and sale of commercial space in shopping malls in the geographical area Jalandhar".

 

 

Competition Commission of India (CCI) held that no prima facie case was made out against Ansal for causing a probe by the Director General (investigations) as the company did not appear to be in a dominant position in the relevant market.

The complaint filed by an individual was against Ansal Township and Land Development, its managing director Pranav Ansal and joint managing director & CEO Anil Kumar.

It was alleged that Ansal had abused its dominant position with regard to allotment of commercial space in its project 'Ansal Highway Plaza' which is a shopping mall in Jalandhar.

As per the complainant, among other things, Ansal without giving any prior notice to the allottees and proper reason had illegally shut down the shopping mall in March, 2011.

In an order dated April 15, the watchdog said that the "presence of large number of players in the relevant market itself indicates that the consumers have choice and are not solely dependent on opposite party no 1 (Ansal)".

"Since the opposite party no 1 does not appear to be in a dominant position in the relevant market, the question of abuse of dominant position by it does not arise," the CCI added.

As per the order, the relevant market in this case has been defined as "the market of the services for development and sale of commercial space in shopping malls in the geographical area Jalandhar".

 

 

Latest Realty News

Real estate market wants a stable regime
Apr 29, 2014
DELHI: The real estate sector is in a bad shape in the country. Many builders say this is mainly on account of the uncertainty in the current extended season of general election in the country.
Union Cabinet to take a call on land transfer to Department of Industrial Policy and Promotion for e...
Apr 29, 2014
DELHI: The Union Cabinet is expected to take a decision tomorrow on transfer of land near IGI Airport here for construction of a world-class exhibition centre and air cargo complex. "The matter is listed in the Cabinet meeting tomorrow. The land would be transfered to the Department of Industrial Policy and Promotion (DIPP)," a source said.
Realty firms hope poll outcome to bring turnaround in market
Apr 29, 2014
DELHI: Makeshift tents erected by real-estate brokers were a common sight across Noida until a year ago; so were home shoppers hopping between new apartments.
Infra sectors to be hit by high land cost
Apr 29, 2014
DELHI: There is a growing clamour against the provisions of a new land acquisition law with several infrastructure sectors - from road, to railway and power - fearing a three-fold jump in acquisition cost due to the new legislation.
DLF office leasing up 50% in FY14 to 3 million square feet
Apr 29, 2014
DELHI: DLF LtdBSE 1.14 %, India's largest real estate company, said it has leased out a 3 million square feet of office space in 2013-14 with many marquee MNCs and Indian companies despite slowdown in economy.
Godrej Properties to invest Rs 150 crore on new project in Gurgaon
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.37 % today said it will invest Rs 150 crore to develop a new housing project in Gurgaon.
Godrej Properties looking to enter Noida real estate market
Apr 29, 2014
DELHI: Godrej Properties LtdBSE -0.02 % is keen on entering the Noida real estate market and is looking for a partner to develop a housing project, according to a top official at the company.
New home launches up by 43% in Jan-March: Cushman
Apr 29, 2014
DELHI: Over 55,000 housing units were launched in January-March period in top eight cities of the country, up by 43 per cent from the previous quarter.
Haryana to leave Mangar forest alone
Apr 28, 2014
DELHI: In a move to shield Mangarbani sacred grove from any real estate development in the guise of recreational activities, Haryana government on April 25 committed to demarcate the area as ‘no construction zone’. Moreover, under pressure of huge number of pending land licence applications and after major objections from Delhi government and Ministry of Environment and Forest (MoEF) on green issues, the Haryana government also committed to drop contentious provision of more construction in natu
GDA issues notice to 30 real estate firms
Apr 28, 2014
DELHI: Following a TOI report on large-scale violation of UP Apartment Act by developers, Ghaziabad Development Authority (GDA) has issued notices to over 30 realty firms. GDA has asked developers to submit a declaration in which they have to explain details of their projects, including plot size, number of floors and flats to be constructed, land title, facilities to be offered, etc.

Latest Realty News Of State

Realty Talk's