The proceedings initiated against India’s leading real estate major DLF by the Competition Commission of India (CCI) has got the approval of Competition Appellate Tribunal (Compat). While refusing to stay the proceedings against the real estate major Compat has granted its permission to CCI to carry on with its inquiry. CCI began probing complaints against DLF when customers alleged that the realty major was abusing its dominant position by including clauses that were discriminatory and abusive in the agreements that it had signed with allotees of its real estate projects in Gurgaon. DLF had approached Compat to put a spanner in the probe conducted by CCI.
The Delhi High Court too refused to put a stay order on CCI proceedings. Some allotees of premium DLF residential projects like Park Place and Belaire formed associations and filed petitions before CCI against DLF. They stated in their complaints that the real estate company did not deliver the said projects within the stipulated period and apart from that it put discriminatory and abusive clauses in the agreements.
Both the projects will have 2200 flats in total and these are priced from Rs 1.5 to Rs 3 crore. These projects were started in August 2006 and completion was expected within three years. However the deadline for completion was extended to April 2011 by DLF much to the chagrin of the customers.
The Delhi High Court too refused to put a stay order on CCI proceedings. Some allotees of premium DLF residential projects like Park Place and Belaire formed associations and filed petitions before CCI against DLF. They stated in their complaints that the real estate company did not deliver the said projects within the stipulated period and apart from that it put discriminatory and abusive clauses in the agreements.
Both the projects will have 2200 flats in total and these are priced from Rs 1.5 to Rs 3 crore. These projects were started in August 2006 and completion was expected within three years. However the deadline for completion was extended to April 2011 by DLF much to the chagrin of the customers.
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