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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.

omaxe
real estate developers
unfair trade practice
cci
fair trade regulator
omaxe north avenue in bahadurgarh
Latest Answer: 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.
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DLF has received Rs.1992 cr from GIC from stake sale in 2 projects
Q: The company has received Rs. 1992 from Singapore's sovereign wealth fund GIC.

dlf
cci
gic
capital green at moti nagar delhi
Latest Answer: They are big players of realty market. As property market is going through a difficult phase in last 2-3 years. Company had announced in February that it would raise over Rs. 3000 crore through divestment or joint ventures.
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CCI dismisses complaint against DLF Group firms
Q: Fair trade regulator CCI has rejected charges of anti-competitive business practice against two DLF Group firms.

dlf
cci
competition commission of india
fair trade regulator
dlf group firms
Latest Answer: This may be one of the reason considering that the compatible product market is not restricted to the plots intended for amenities in the residential colonies.
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Credai moves CCI against cement firms
Q: Credai has filed complaint with fair trade regulator CCI against cement manufacturers complaining manipulation in prices of construction material that have risen by up to 40% in last 2 months.

credai
cma
cci
competition commission of india
confederation of real estate developers
cement manufacturers
cement manufacturers association
Latest Answer: In that way the cost of the flat increases. If the builders will get the cement or other construction materials at higher prices, they will increase the flat cost and common people have to suffer. We all know that the realty sector accounts for nearly half of the cement demand in the country. And the demand for cement has declined in view of huge slowdown in real estate sector.
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India's largest real estate firm DLF will establish its first REITs in the first 6 months of 2015-16.

dlf
real estate investment trust
reits
cci
competition commission of india
ashok tyagi
Latest Answer: True Spratim, True Nikhil, Now, i understand that why DLF adopt DevCo. The company had a net debt of Rs 20965 crore as on March 31, 2015 of which about Rs 14000 crore refered to rental business and the rest was towards DevCo.
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CCI tightend up unfair business in Realty Sector.
Q: CCI come up with new regulation to deal with unfair business in realty space.

infrastructure real estate
delhi infrastructural developments
residential & commercial projects
cci
delhi ncr real estate market
Latest Answer: 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.
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Kerala High Court orders demolition of DLF project in Kochi
Q: Kerala High Court orders partial demolition its controversial apartment complex DLF towers on the shores of a river in Kochi.

dlf new town heights querry
real estate
dlf
kerala high court
pokkali fields
crz act
dlf luxury project
cci
oommen chandy
Latest Answer: The Vytilla project has 172 apartments, of which 70% have been sold and the project is almost completed. DLF had been earlier fine by the Competition Commission of India for misusing its dominant position in the market. Last month, the Competition Appellate Tribunal dismissed a DLF appeal against the Rs 630-crore penalty imposed by CCI two years earlier in a case related to a Gurgaon housing complex.
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SEBI interrupted DLF promoters for utilizing markets for 3 years
Q: have you heard this news that the Securities and Exchange Board of India (SEBI) has interrupted real estate firm DLF and five key executives from approaching the securities market for a three years.

dlf
dlf garden city
sebi
sebi interrupted dlf
cci
competition commission
dlf home developers limited
regal garden
allegation on dlf
negative news for dlf
fir against dlf
Latest Answer: True Nikhil, Now, i understand that why DLF adopt DevCo. The company had a net debt of Rs 20965 crore as on March 31, 2015 of which about Rs 14000 crore refered to rental business and the rest was towards DevCo.
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