Complaint Against DLF Rejected by Fair Trade Regulator
CCI dismissed the allegations after a DG-level investigation on finding that there was no violation of competition norms.
Jan 07, 2016


New Delhi: The Competition Commission of India (CCI) on Wednesday rejected a complaint of anti-competitive practices made against realty major DLF relating to a project in Gurgaon, Haryana.

It was alleged that DLF Universal, a subsidiary of DLF Ltd, abused its dominant market position by imposing unfair and arbitrary terms and conditions in the sale agreement pertaining to sale of five units in the DLF Corporate Greens project at Sector 74A, Gurgaon.

Fair trade regulator CCI dismissed the allegations after a DG-level investigation on finding that there was no violation of competition norms since DLF is not in a dominant position in the relevant market.

For this case, 'the market for the services of development and sale of commercial space in Gurgaon' was considered as the relevant market.

"Since OP Group (DLF Group) does not appear to be in a dominant position in the relevant market, the question of abuse of dominant position within the meaning of the provisions of section 4 of the Act does not arise," CCI said in the order.

Section 4 of the Competition Act pertains to abuse of dominant market position.

Based on facts provided by the complainant, CCI prima facie found that there might be a violation of the provisions of Section 4 of the Act and directed the Director General (DG) to conduct investigation into the matter.

CCI in its order said that large number of players and fragmented nature of market, and considering the number of commercial projects launched and sold by DLF and its competitors over the past five years, it seems that DLF does not hold a significant position to influence the market.

Latest Realty News

Jan 06, 2016
New Delhi: Launches of new homes fell 14 per cent in the Delhi-NCR market last year to nearly 23,000 units due to a slowdown in demand, according to a report by Cushman & Wakefield.
Jan 05, 2016
Mumbai: Developers in certain micro markets of metros like Delhi-NCR, Mumbai and Bengaluru witnessed a drop of 4-20 per cent in launch prices of residential projects in 2015 over the previous two years, according to a report by property consultant Cushman & Wakefield.
Jan 04, 2016
Dubai's Emaar Properties has hired a local contractor to restore a fire-damaged hotel, stating on Sunday that the New Year blaze would have "no material impact" on the company because the building and risk of fire are covered by its insurance.
Jan 02, 2016
Bhubaneswar: Here is a good news for real estate developers, factory owners, civic bodies and energy department as they can get online height clearance from airport authorities for construction of buildings.
Jan 02, 2016
Rjkot: An 18-year-old woman, Neha Pitroda, a resident of Tulip apartment, consumed poisonous substance on Friday evening near Eagle Petrol pump and alleged that she was being harassed by a city-based real estate developer Kamlesh Ramani. She also left a note which mentions Ramani's name.
Jan 02, 2016
MUMBAI/NEW DELHI: Real estate companies are expected to raise more money from private equity funds in 2016 than last year after the government simplified foreign direct investment norms for the sector last year.
Jan 01, 2016
NEW DELHI: In the New Year, India's somnolent real estate market may finally get a much needed boost — builders may have to comply with only 12 to 24 environmental norms, depending on project size, instead of the 100 green rules that were originally proposed.
Dec 31, 2015
RAJKOT: A city-based real estate broker has lodged a complaint against unidentified person after allegedly receiving an extortion call on Tuesday night. The caller had demanded Rs 1 crore from and threatened to kidnap his daughter if he failed to deliver amount till Wednesday evening.
Dec 30, 2015
New Delhi/Mumbai: With a multi-year slowdown continuing in 2015 despite abundant supply and fall in prices, the real estate market is desperately looking for a recovery in the New Year when a new law is also expected to herald the much-needed transparency and accountability in the sector.
Dec 30, 2015
MUMBAI: Realty developers' troubles regarding allegations of cartelisation have got murkier as the petitioner has now moved the Delhi High Court against competition watchdog Competition Commission of India (CCI) itself.

Latest Realty News Of State

Realty Talk's