A PYMNTS Company

India: Review of Buyers-Sellers Agreements to deter developers’ monopolies

By  |  October 26, 2012
India: Review of Buyers-Sellers Agreements to deter developers’ monopolies

The Competition Commission has responded to the Apartment Owners Association’s request for the antitrust authority to look into the alleged dominance of developers in the Buyers-Sellers Agreements, asking for modifications. The Apartment Owners Association was founded with the purpose of providing information on rules and regulations against developers’ exploitation. The association argues the agreement threatens consumer welfare, with experts highlighting the agreement’s terms where buyers pay up to 18 percent interest on installment defaulting, but only two percent interest in the case of a delivery delay.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Full Content: Business Line

    Related Content: The New Indian Merger Control: Key Procedural Issues

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.