According to a senior officer of CCI, “There are about ten related cases that are being looked into by the CCI. The verdicts will follow one after another. Commission had received complaints from customers of other real estate players, too""
Since the Belaire case was heard by the CCI along with another case pertaining to DLF's Park Place project, another residential venture in Gurgaon, industry sources are hoping to get the verdict on Park Place this week. Customers of Park Place had complained that DLF had unilaterally increased the number of residential units in the project from 950 to 1,560 and delayed its completion.
The Commission’s verdicts on other cases are being keenly watched as the CCI order on Belaire case makes explicit references to unfair practices that are prevalent in the Indian real estate industry. Launch of projects without approvals, lack of transparency in specifying the carpet area and utility area, uncertain date of delivery and absence of consequential remedies to the consumer, etc are some of the key issues pointed out by the CCI in the Belaire verdict.
CCI had even suggested central and state governments the need for real estate regulators to ensure the amount collected from customers was utilised for the specific project, transparency in information relating to work progress and to end the practice of built-in hidden costs other than the initial set price. This is seen as an indication of how both the Haryana Urban Development Authority (HUDA) and town and country planning department (DTCP) have failed to carry out their statutory duty.
Mr. R R Singh, Deputy General of the NREDC (National Real Estate Development Council) said “The DLF case might become a precedent for other such litigation's to follow, which would be a problematic situation for the industry,”
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