Competition Commission of India (CCI) has ordered a probe against a DLF group company for allegedly imposing unfair and unreasonable conditions on office buyers at one of its commercial projects in Gurgaon.
Some other group entities of the real estate major have already faced probe by the CCI with regard to various other cases of anti-competitive practices. CCI had also imposed a fine of Rs.630 crore against DLF for abuse of its dominant market position in a residential real estate case, but the company had challenged the same.
The latest probe would be carried out against DLF Universal, upon a complaint that alleged the realty company of imposing certain anti-competitive clauses in the ‘Commercial Office Space Buyers Agreements’
The case pertains to the DLF’s commercial office space in ‘Corporate Greens project at Sector 74A’ in Gurgaon and the CCI has asked its Director General (DG) to initiate an investigation against DLF Universal Limited. — After looking into the complaint, CCI said in a 11-page order that it is “of the prima facie opinion that despite the presence of other developer in commercial real estate space in Gurgaon such as, Emmar MGF Land Ltd, Unitech, Spaze Towers Pvt. Ltd, Vatika Ltd, Bestech Indian Pvt Ltd, JMD Ltd, DLF Group appears to be dominant in the relevant market”.
