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CCI orders fresh probe against DLF firm for Gurgaon project

Add comment   |   June 30, 2014    04:42pm   |Contributed by Indian Realty News

New Delhi : The Competition Commission of India (CCI) has ordered a fresh probe against a DLF group firm, DLF Universal, for allegedly imposing unfair and unreasonable conditions on office buyers at one of its commercial projects — Corporate Greens at Sector 74A — in Gurgaon.

CCI said in its 11-page order dated June 23 that “the conduct of DLF Group, emanating from its dominant position in the relevant market, prima facie, amounts to imposition of unfair terms and conditions on the commercial office buyers which is anti-competitive”.

After looking into the complaint, CCI said its prima facie opinion was that despite the presence of other developer in commercial real estate space in Gurgaon such as, Emmar MGF Land, Unitech, Spaze Towers, Vatika , Bestech Indian, JMD, DLF Group appears to be dominant in the relevant market. “Having examined the clauses of the agreement, it appears that some of them are unilateral, one sided and loaded in favour of the opposite party (DLF Universal),” CCI said.

Some other group entities of the real estate major have already faced probe by the CCI with regard to various other cases of anti-competitive practices. CCI had also imposed a fine of Rs 630 crore against DLF for abuse of its dominant market position a residential real estate case, but the company had challenged the same.

The director general has also been asked to investigate the role of the DLF Universal’s officials who were in charge and their involvement with respect to the firm’s alleged conduct.

Source: TOI

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