Minimum 10 complaints against India’s largest real estate company DLF Ltd are pending with the Competition Commission of India (CCI ).
The new complaint was filed few days ago, before CCI’s Rs. 630-crore penalty on the company last week, which followed a petition from those who had purchased residences at DLF’s The Belair complex in Gurgaon.
The latest new complaint, filed by Two London-based NRIs, alleges that due to a delay in payment of instalments, DLF cancelled their allotments in The Belaire and forfeited the booking amount Rs. 20 lakh each.
The two NRIs say DLF had misused its dominant position by cancelling allotments arbitrarily. There is a competition angle in this case.
Commission is soon to take up ten more similar cases pending against DLF.
CCI could also initiate a probe against other real estate developers to unearth similar anti-competitive practices. Since passing the DLF verdict, the Commission has received up to 40 consumer complaints against real estate companies across the country.
The new complaint was filed few days ago, before CCI’s Rs. 630-crore penalty on the company last week, which followed a petition from those who had purchased residences at DLF’s The Belair complex in Gurgaon.
The two NRIs say DLF had misused its dominant position by cancelling allotments arbitrarily. There is a competition angle in this case.
Commission is soon to take up ten more similar cases pending against DLF.
CCI could also initiate a probe against other real estate developers to unearth similar anti-competitive practices. Since passing the DLF verdict, the Commission has received up to 40 consumer complaints against real estate companies across the country.
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