Competition commission probing 5 real estate companies

English: Logo of DLF.
DLF logo

5 real estate companies-DLF,JP associates,Larsen and Toubro,Tulip infratech and Omaxe are the subject of an investigation by the Competition commission of India for alleged anti-competitive practices.Over 23 cases have been registered against these companies.15 cases against DLF have already been concluded and the company has been fined over Rs.650 crores.
Flat purchasers can approach the CCI if they have been forced to sign one sided agreements favoring the builder,as is the case in most real estate deals these days.
The Competition Act has also been amended to give the CCI to whet all M&A (merger and acquisition) deals and search and seizure raids henceforth.

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Mayur Panghaal

With more than 20 years experience at every level of the Real Estate market in Navi Mumbai, Mayur is equipped and trained to handle every task when it comes to buying or selling a property in Navi Mumbai. From knowledge of local development regulations to handling matters at the registration office or CIDCO, he is more than capable of helping you achieve your ends. You can get in touch with him on 9987452642

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