After DLF, CCI targets Delhi builders

Recently, The CCI (Competition Commission of India ) dropped a bombshell that shattered the illusion that all was well with listed realty stocks. It fined market leader DLF Rs 630 crore for essentially duping home buyers using its monopoly power.

However, it is no one’s case that DLF is the only offender. The CCI is now spreading its tentacles further and has focused its attention of several Delhi builders who may have done a DLF or worse.

CCI has begun a reality check on other builders in and around the NCR (Delhi National Capital Region ) where the courts recently had to force builders to hand over land taken through dubious means.

The office of the CCI Director General has begun to collect information on major realty companies who have allegedly used “unfair” means to lure customers to buy apartments and then enter into one-sided contracts that favoured the builde.

Informed sources said an investigative team was busy collecting samples of Builder-Buyer Agreements of many big builders in the NCR region. Among them: In Gurgaon - Emaar-MGF amd Unitech , In Noida - Supertech  Jaypee, Amrapali, & Lotus .
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