CCI Investigation into Unfair Practices in Realty Sector

cci1By Accommodation Times News Services

The Competition Commission of India (CCI) is looking into various aspects of alleged unfair business practices in realty sector. As on 11.02.2015, Competition Commission of India (CCI) has dealt with 132 cases of alleged anti-competitive practices/abuse of dominance in realty sector. Out of this, 93 cases have been closed at prima-facie stage and 3 cases have been disposed of after considering the report of Director General (DG), CCI. In 13 cases, the Commission has passed “cease and desist orders” and in one case has imposed penalty of Rs.630 crore on DLF Limited in addition to passing a “cease and desist order”. 

Under the provisions of the Competition Act, 2002, either on its own motion or on receipt of any information, CCI looks into cases of alleged anti-competitive practices/abuse of dominance including in realty sector. 

This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha on 24th Feb 2015.

 IN1502B8S051641





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One thought on “CCI Investigation into Unfair Practices in Realty Sector

  1. IMPROMPTU
    “….Under the provisions of the Competition Act, 2002, …. CCI looks into cases of alleged anti-competitive practices/abuse of dominance including in realty sector.
    This was stated by … Minister of Corporate Affairs … in the Rajya Sabha on 24th Feb 2015.”
    Three aspects strutting out, in one’s perspective and well-founded conviction, which essentially and predominantly call for a conscious note of and serious follow-on action, more so expeditiously and on a war-footing, better early than any more late, by the empowered MCA, are these:
    1. The investigation, in order to be taken to a fruitful/desired end, for the common good, must not be confined to/limited by the scope within the provisions of the special Act administered by the CCI; but must be extended to all related/connected matters. To be precise, the investigation ought to cover all kinds of ongoing “unfair practices”, prevailing for long in the realty sector, across the nation.

    2. As a corollary, the initiative and follow-up steps, therefore, need to be taken independent of/ in addition to by CCI, by the concerned ministries as well; in particular, the directly concerned Ministry of Urban Development, both at the centre and in the states.

    3. For obvious reasons, fully knowing that the players in the realty sector include other form of entities, e.g. registered and un-registered partnerships, not ‘corporate’ alone, those also require to be suitably roped in and effectively covered, within the sweep.

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