Indian real estate, of late, has woken up to the new reality of consumer blackmailing. While in most of the cases the grudge of the homebuyers has been genuine; it seems there is an organized mechanism emerging that want to encash upon the homebuyers’ acrimony with the developers.
Bottom Line: The Indian housing market needs clarity over the…
Track2Realty-Agencies: Fair trade regulator CCI has rejected a plea alleging that real estate company BPTP abused its dominant market position with respect to a residential project in Gurgaon.
Track2Realty-Agencies: The Delhi High Court on Friday, Oct 10, dismissed DLF Home Developers Ltd’s plea questioning whether CCI had the jurisdiction to probe allegations of anti- competitive practices against it in respect of its residential projects in Gurgaon.
Track2Realty-Agencies: The Supreme Court on Wednesday, Aug 27, ordered DLF to deposit Rs 630 crore in 3 months as a pre-condition for entertaining its appeal against the Competition Appellate Tribunal (COMPAT) decision upholding a Competition Commission’s order imposing the hefty penalty.
Track2Realty Exclusive: In Noida Extension buyers took to streets against the developers for allegedly using all available options to ensure that the original set of buyers were divested of their flats, which could then be resold at a higher rate. In a majority of the cases, the consumers were faced with a Hobson’s choice.
Track2Realty-Agencies: CCI’s decision to modify realty major DLF’s apartment buyers agreement in relation to a case involving Rs 630 crore penalty on the firm has sparked a debate about the fair-trade regulator’s jurisdiction and other matters concerning the real estate sector.
The Competition Appellate Tribunal (Compat) has said a new Bench will decide the DLF case wherein the realty major has challenged CCI’s Rs 630 crore penalty on it and the final hearing has been adjourned to July 18.
The Competition Appellate Tribunal (COMPAT) will today, November 9, hear…
After CREDAI now real estate developers body NAREDCO has approached the CCI seeking intervention against the alleged cement cartelisation hitting real estate developers.