The Competition Commission of India (CCI) has dismissed two complaints alleging abuse of dominance against real estate developer DLF with regard to conditions in the sale agreement of residential apartments in Gurgaon, reported Bloomberg.
The complainants had booked an apartment in separate projects of DLF Home Developers in Gurgaon. Following a Delhi High Court order in July 2013, DLF Home Developers amalgamated with DLF New Gurgaon Home Developers, as per different CCI orders dated August 31.
In both the matters, it was alleged that the opposite party group (DLF and DLF New Gurgaon Home Developers), being a dominant player in the market, had imposed unfair and arbitrary terms and conditions in the apartment buyer’s agreement and that such conduct violated the provision of Section 4 of the Competition Act. Section 4 pertains to abuse of dominant market position.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
