Real estate giant DLF may have to pay Rs.900 crore extra penalty if the Competition Commission of India (CCI) finds it guilty of abusing its dominant market position in three more projects in Gurgaon.
The country’s competition regulator is planning to initiate an investigation next week to find whether the practices for which it fined DLF Rs.630 crore on Tuesday are the norm at other real estate companies too.
Document No 17/49/2007 – GAD – II (XXXXIX) dated 11/03/2011 and titled ‘Confidential Most Immediate Cabinet Matter’, reads ‘An extract of the decision taken on the Item/s in the XXXXIXth Cabinet Meeting of the Council of Ministers held on 09/03/2011 at 3.00 pm under the Chairmanship of the Chief Minister in the Cabinet Room.
The order of Competition Commission of India (CCI) has raised question marks on the role of the Haryana Urban Development Authority (HUDA) and Town and Country Planning Department (DTCP).
In the minutes of the meeting regarding Land Acquisition for expansion of Dabolim Airport (for parking) on 14th February at 11.00 am under the Chairmanship of Chief Minister in the chambers of the Chief Minister.
The Competition Commission of India (CCI) has slapped a 630-crore fine on DLF, threatening to turn an isolated dispute between flat buyers and India’s largest builder into a full-blown headache for the industry.
Nearly one lakh homebuyers are on the edge, as the Allahabad High Court (HC) is to begin hearing of all land acquisition cases of Noida Extension on Wednesday, August 17.
The imposition of heavy penalty by Competition Commission of India (CCI) on real estate major DLF in Belaire complex case for breaching the norms regarding fair pricing is likely to have serious ramifications on the real estate industry in the city.
Jones Lang LaSalle has launched a separate office in Andheri, Mumbai’s burgeoning commercial district.
In the first part of our expose titled ‘Dabolim Airport Land Acquisition Scam’ through our investigations we revealed the dubious circumstances around which land in the final stages of acquisition for the AAI Airport parking facility was de-notified.