Tag: CCI

CCI‘s New Developer Buyer Agreement; DLF Case Contexted

January 11, 2013 – 7:56 pm

CCI plans to frame new Agreement between the Developer- and the property buyer. Competition Commission of India (CCI) plans to frame a new agreement between the property buyer and the developer. The new Agreement is designed on the context of DLF Case. CCI hopes that the new agreement will solve out most of the issues […]

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Competition Commission of India pulls up DLF for allotment cancellation

May 10, 2012 – 6:23 pm

The Competition Commission of India (CCI) has pulled up real estate major DLF Ltd in a recent order for cancelling the allotment of an apartment of a member of DLF’s Park Place RWA, stating that it was in “direct contravention” of its stay order of September 2010. The order was passed by the commission to […]

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Manufacturing Companies entering Realty Market

July 2, 2010 – 9:23 am

The shining real estate market in India has now attracted even small as well as medium scale manufacturing companies. In fact, around 6 to7 companies have even announced real estate projects either with partners or monetized their prime land assets. Some of such companies are: Textile company Arvind announced a residential complex across an area […]

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CCI Investing in Real Estate

June 24, 2010 – 10:19 am

On Wednesday, the Cable Corporation of India made announcement that it has planned to enter into the real estate and will spend an amount of Rs. 1000 cr. in its first project. CCI Projects Private Ltd (CCP) is an associate company of CCI in which CCI holds 15% stake. CCI will be developing the project […]

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CCI to Look into General Buyer Problems

June 8, 2010 – 12:51 pm

Competition Commission of India (CCI) has decided to take action against the malpractices taking place in the real estate sector. While any specific complaints would be dealt with, misleading the buyers would also be considered as a malpractice. Some sources revealed that apart from the general complaints of conditions of sale agreements, change in terms, […]

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