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CCI finds DLF guilty of 'unfair and abusive' business yet again

Postby naveenarichwal » Thu May 14, 2015 10:13 pm

CCI finds DLF guilty of 'unfair and abusive' business yet again

NEW DELHI: In a fresh order against DLF, Competition Commission has found the
realty giant guilty of indulging in "unfair and abusive" business practices in
sale of apartments in a Gurgaon housing project.

CCI has asked DLF Gurgaon Home Developers Private Limited and its group
companies to "cease and desist" from such unfair trade practices, but did not
impose any fresh monetary penalty as Rs 630 crore fine has already been slapped
on DLF for similar violation during the same period in a separate case.

"... the Commission directs the Opposite Party and its group companies operating
in the relevant market to cease and desist from indulging in the conduct which
is found to be unfair and abusive," the fair trade regulator said in its order.

The direction follows complaints filed with CCI against DLF Gurgaon Home
Developers, wherein it was alleged that the company had lured home buyers to book apartments at "very
attractive" rates in DLF New Town Heights project under a pre-launch scheme

After the complainant booked the apartments and made the initial payments, they
were asked to make payments under an installment plan and were asked to pay the
money on different dates as per the demand.

However, they did not make the payments as "there was no sign of
construction/development at the Project site..."

Later, they sought cancellation of allotment and requested for refund of the
amounts paid by them, which the developer refused to do, saying that
applications signed by buyers were irrevocable and the request for cancellation
cannot be acceded to.

The buyers were also told that the only option available with them was to sell
the property in open market, as per the CCI order.

After two years of booking, that is in February 2010, the company informed the
buyers that the foundation work had been completed and they were required to
make payments as per the plans

Subsequently, the complainants approached CCI alleging abuse of dominant
position by the company and the fair trade regulator ordered a probe by its
investigative arm.

Read more at: ... aign=cppst
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