Competition panel scanner on DDA for unfair business practices
The fair trade watchdog said it has found “prima facie” evidence that DDA violated competition norms with respect to its Housing Scheme 2010
Apr 29, 2015
Source : Business Standard


New Delhi: The Competition Commission has ordered an investigation against the Delhi Development Authority (DDA) for allegedly abusing its dominant position and imposing unfair terms on buyers of its flats.

Ordering a detailed probe, the fair trade watchdog said it has found “prima facie” evidence that DDA violated competition norms with respect to its Housing Scheme 2010.

In this scheme, DDA had offered 16,000 flats of various sizes in different parts of the national capital.

The probe follows a preliminary inquiry by the Competition Commission of India (CCI) into a complaint by Sunrise Resident Welfare Association about alleged market abuse by the DDA.

In its order, the regulator said various provisions in the DDA’s brochure for the particular housing scheme, including a promise regarding stage of construction of flats and collection of conversion charges, “prima facie appear to be unfair and, therefore, abusive” in violation of the competition norms.

CCI’s investigation arm would investigate the matter.

According to the order, the size and resources of DDA are huge and being the statutory authority according to the DDA Act, 1957, consumers in the relevant market are completely dependent on it.

The regulator said it had taken a prima facie view in an earlier case that DDA was in a dominant position in the relevant market, which is considered “provision of service for sale and distribution of residential flats in the territory of Delhi”.

Latest Realty News

Apr 29, 2015
New Delhi: The Union Cabinet cleared two proposals on Wednesday-one for 100 smart city projects and another for old housing projects initiated by the previous government
Apr 29, 2015
Mumbai: Even as equity markets have decisively come out of a long downturn, real estate continues to suffer
Apr 28, 2015
NOIDA: Gautam Budh Nagar district magistrate N P Singh asked Noida and Greater Noida authorities to inspect buildings for safety parameters
Apr 28, 2015
THANE: The illegal commercial structures that have come up across the Mumbra-Kalwa coastline have been spared the axe
Apr 28, 2015
NAVI MUMBAI: A 36-year-old businessman, Navin Kunjar, was arrested along with two builders
Apr 28, 2015
Mumbai: Private equity company Piramal Fund Management (PFM) has invested Rs 225 crore in realty firm Ganesh Housing
Apr 28, 2015
BENGALURU: The Karnataka high court ordered notice to the BDA and BBMP over a PIL challenging the allotment of land reserved for a park in the city
Apr 28, 2015
NEW DELHI: Delhi is located in seismic zone 4, making it highly vulnerable to earthquakes.
Apr 28, 2015
Mumbai: The draft Mumbai development plan should not just be error-free but should also consider other issues, like providing for affordable housing, map slums and rest of the informal sector, experts
Apr 28, 2015
MUMBAI: Taking a cue from Prime Minister Narendra Modi's plan to improve the conditions for doing business in India, the Municipal Corporation of Greater Mumbai (MCGM) has simplified certain approval procedures

Latest Realty News Of State

Realty Talk's