When the CCI alleged that DLF misused its dominant market position and imposed unfair conditions on home-buyers of two of its many projects, the real estate fraternity, legal experts and others strongly questioned the basis of the CCI order.
The Andhra Pradesh Government will take all steps to ensure that Hyderabad’s real estate industry bounces back to normalcy soon, said Chief Minister N Kiran Kumar Reddy.
Realty major DLF has filed a petition with the COMPAT against the August 16 order of the CCI that imposed a fine of Rs.630 crore on the company for “abuse of dominant market position”.
Sunil Bharti Mittal, the poster boy of Indian telecom, has ambitious plans in the Indian real estate.
The Punjab and Haryana High Court has restrained DLF from selling or creating third-party rights in one of its towers located in DLF’s Horizon Centre, earlier known as City Centre, in Gurgaon.
The Competition Commission of India (CCI) penalty of Rs.630 crore on DLF has raked up the old debate in the sector as to whether the business falls under the service sector.
DLF is planning to move the Competition Appellate Tribunal by early next week, to appeal against the Competition Commission of India’s (CCI) order imposing Rs.630-crore penalty on the firm.
When the land acquisition controversy in Noida Extension surfaced, there was a general feeling that proposed investment in the township will now move to Gurgaon.
It seems the Competition Commission of India (CCI) ruling on the DLF to pay penalty has opened the can of worms.
The ruling of Competition Commission of India (CCI) against the market leader DLF seems to have not only sparked a debate within the real sector, but has also united them.