DLF faces new trade watchdog probe

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NEW DELHI: The Competition Commission of India has ordered a fresh probe into realty major DLF for allegedly imposing unfair and unreasonable conditions on apartment buyers at one of its projects in Gurgaon.

DLF is already under the scanner of the fair trade watchdog in other cases of anti-competitive practices.

Finding prima facie evidence of violating fair trade norms, ordered a probe into DLF’s New Town Heights residential project in Sector 86. Allegations against DLF relate to certain anti-competitive clauses in the apartment buyer’s agreement.

According to CCI, clauses of the agreement referred to in the current matter are identical to ones entered into by DLF in other abuse of dominance cases that are already being probed. The earlier cases are at different stages of investigation by CCI’s director general.

The latest probe has been ordered against DLF, DLF Home Developers and DLF New Gurgaon Homes Developers as well as on the role of those in charge of these entities.

“As such, the commission is prima facie of the view that the present case requires to be investigated into by the director general,” CCI said in an order dated February 27. “Considering the facts of the case, the relevant market in the present case, prima facie, appears to be same as determined in earlier three cases i.e the market of provision of services for development of residential apartments in the geographical area of Gurgaon,” it noted.

A complainant has alleged that practices followed by the DLF group were abusive of its dominant position since it imposed highly arbitrary, unfair and unreasonable conditions through the apartment buyer’s agreement. When contacted, a DLF spokesperson in Gurgaon said, “The matter is subjudice, so we are unable to comment.” agencies

http://timesofindia.indiatimes.com/city/gurgaon/DLF-faces-new-trade-watchdog-probe/articleshow/31972769.cms

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