No proof that DLF abused position in Chennai project: CCI

Comments print
fe Bureau: Chennai, Dec 01 2012, 23:11 IST
The Competition Commission of India (CCI) has dismissed a complaint of alleged abuse of market dominance by real estate developer DLF for a housing project in Chennai. Rejecting the complaint, the fair trade watchdog said there was no prima facie proof to show that DLF abused its position.

Chennai-based DGCOM Buyers & Owners Association, the association of the flat owners, had moved the commission alleging abuse of dominant market position by DLF.

Dismissing the plea, the CCI said proceedings have been closed under section 26(2) of the Competition Act. Under this section, the regulator can close a case if it does not find any evidence.

The association had filed the complaint against DLF, New Delhi (as opposition party 1) and DLF Southern Homes, Chennai (as opposition party2). The complaint related to the housing project, developed by DLF Southern Homes, is situated at Old Mahabalipuram Road (OMR), IT Express Corridor, Chennai.

“We find that no prima facie case was made out by informant to hold OP2 or the group of OP1 and OP2 as dominant in the relevant market of providing 2/3 BHK flats on OMR IT Corridor,” the CCI said in a statement. The association had alleged that after nearly 18 months from bookings the flats and after paying crores of rupees, DLF asked the allottees to sign an agreement that contained highly abusive clauses. “Abusive sweep of agreement was so deeply entrenched that the buyers could not whisper a word proposing changes in the agreement and were forced to

... contd.

Ads by Google
   1 | 2 | Next
Previous Story  Mamata promises to return farm land after SC verdict Next Story  Protecting property: Before you decide to let
Reader's Comments| Post a Comment

Be the first to comment.

Post your Comment

Your email address will not be published. Required fields are marked *

Name *
Email *
Message *
 
captcha
please enter the above characters in the box below