CCI has rejected complaint of unfair trade practices against Omaxe

Q: Fair trade regulator CCI has rejected a complaint against real estate developer Omaxe and another company for indulging in unfair trade practices relating to a residential property.

anurag dubey,

14th January 2016

Real estate News in Mumbai

omaxe

real estate developers

unfair trade practice

cci

fair trade regulator

omaxe north avenue in bahadurgarh

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Replies (2)

Hi all,
Charges of misuse of market impact were also levelled against Shanvi Estate Management Services that allegedly failed to maintain the residential complex. This company was appointed by Omaxe for maintaining the apartment complex.

Rishi Dev,

14th January 2016

Comment

Hi Rishi,
Mentioning presence of other real estate developers, the Competition Commission of India rejected the allegations saying that Omaxe does not appear to be ruling in the compatible market.

Pranab Malakar,

14th January 2016

Pertaining to Shanvi Estate Management, CCI said that for any agreement/ arrangement to be in violation of section 3 of the Act, there has to be appreciable unfavorable effect on competition in the market, which is not observed in the instant case.

Rishi Dev,

14th January 2016

It is come to know that developers were alleged for using cheap quality materials for the construction and the flat was not constructed as per the layout plans sanctioned by the civic authorities.

Harilal, Delhi-NCR

14th January 2016

Comment

At the same time, it was also alleged that Omaxe Ltd misuse its dominant market position by failing to provide timely possession of a flat in Omaxe North Avenue in Bahadurgarh, Haryana.

Pranab Malakar, Delhi

14th January 2016