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India: Real estate giant avoids penalty after complaint based on 2011 case

By  |  January 16, 2013

India’s largest real estate company looks in the clear after the Competition Commission of India declined to issue penalties against the conglomerate, DLF, for allaged abuse of dominance claims concerning its new project. In a statement, the CCI said it would refuse to issue a penalty against DLF if complaints are based solely on the authority’s recent sanctions against DLF concerning its project at Gurgaon, issued in August of 2011. The 2011 penalties were a result of complaints filed by the project’s flat buyer association; the association has now filed similar complaints regarding DLF’s new project SkyCourt. But the CCI has said that it would not issue punishment.

 

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