The Competition Commission of India (CCI) on Wednesday rejected anti-competitive practices charges against real estate major DLF in one of its project in the national capital region.
The latest complaint pertained to apartments booked in the residential project DLF Capital Greens, Phase III, in the national capital.
The fair trade regulator had dismissed the allegations after finding that prima-facie there was no violation of competition norms especially since DLF is not in a dominant position in the relevant market.
“Since DLF is not found to be in a dominant position, the question of its conduct being abusive does not arise,” CCI said in its order. The complaint was filed by Ess Cee Securities and Signature Securities. According to CCI, the complainants were primarily aggrieved with the alleged abusive conduct of DLF in regards to making false representations regarding delivery schedule, concealing information relating to requisite approvals/ sanctions and selling of parking spaces, among others. “There are many other real estate developers operating in Delhi, who are engaged in the provision of services relating to the development and sale of similar residential dwelling units. Some of such developers include Delhi Development Authority, Ansal API, Umang Realtech, Emaar Group, CGHS Group, Parsvnath, etc.
“These developers appear to pose competitive constraints to DLF in the relevant market,” the order said.
Presence of other real estate developers in the relevant market indicates that the informants (complainants) were not dependent upon DLF for purchasing residential apartments, it added.
DLF has been under the CCI scanner, in which the regulator had ordered two separate probes.
