CCI fines Rs 1 Cr on Ghaziabad Devt Authority for raising EWS flat price

FineBy Accommodation Times Bureau


The Competition Commission of India (CCI) on Wednesday fined over Rs 1 crore to Ghaziabad Development Authority (GDA) for abuse of its dominant position by imposing the unfair condition on the allottees from economically weaker sections (EWS) in its Pratap Vihar Residential Housing Scheme.

The CCI found that GDA has violated the provision of Section 4 (1) read with Section 4 (2) (a) (i) of the Competition Act, 2002.

In 2008, the GDA had floated the scheme for EWS flats at an initial price of Rs 2 lakh and whereas in 2015, CCI found that GDA had raised the price of EWS flats to 7 lakh without any enabling provision either in the Brochure of the Scheme or allotment letter is arbitrary and unilateral.

Similar Articles

Leave a Reply