CCI tightend up unfair business in Realty Sector.

Q: CCI come up with new regulation to deal with unfair business in realty space.

Amit Raj, Delhi-NCR

21st January 2015

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Replies (3)

Hi Mr Amit,
DG, which is the investigation arm of the Commission, had flagged off various issues in the real estate space. Among others, the developers are being probed for inserting one-sided clauses in favour of the companies and against the interest of consumers in the buyer agreements for sale of flats, apartments and other residential properties.

Iram Khan, Delhi-NCR

21st January 2015

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@ Mr Amit,
On the proposed Holcim-Lafarge merger deal, which was put under public scrutiny by the regulator, Chawla said the decision on the matter is likely in the next one month . The deal between Holcim and Lafarge, both of which have good presence in India, would create one of the world's largest cement makers.

Huda Ali, Delhi-NCR

21st January 2015

Hi Amit Raj,

As per my knowledge, after prima facie finding that the transaction could violate fair trade norms, CCI put the same under public scrutiny in November last year. Swiss major Holcim has controlling stakes in India's two leading cement makers , ACC Ltd and Ambuja Cements.

Preeti Kher, Delhi-NCR

21st January 2015

Hi Amit Raj,

As per my knowledge, the fair trade watchdog has completed hearings of entities who were issued notices with regard to the issue of alleged cartelisation and anti-competitive trade practices. CCI had issued notices to about 20 entities, including realty companies, following a detailed probe by its Director General (DG).

Syed Pasha, Delhi-NCR

21st January 2015

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Hi Amit,

The Competition Commission is likely to pass its ruling in next two to three weeks on the alleged unfair business ways in the realty space, a case where about 20 entities came under the regulator's scanner.

As per Mr Ashok Chawla CCI will come out with order. It will be a speaking order and I can't say at this stage what our thinking is on this matter.

Gautam Das, Delhi-NCR

21st January 2015

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