The Competition Commission of India (CCI) will soon probe if Delhi Development Authority (DDA) has been abusing its dominant position in the residential market.
CCI will be acting on a complaint by Satynarayan Rao, who had alleged that DDA’s agreements were heavily loaded in its favour. Rao sought a probe by CCI. Following investigation, the Commission has asked for a Director General Investigation who will investigate if there is abuse of dominance. The matter will be probed under Section 4 of the Competition Act.
builder-buyer contract
Earlier this year, CCI had asked realty major DLF to modify its builder-buyer contract. The CCI order tips property buying in the opposite way, from the current situation that is heavily tilted in favour of the developers to a more egalitarian relationship between a buyer and builder, thus driving home the point that a company by virtue of its size and power cannot annul the basic rights of a seemingly ‘powerless’ single home buyer.
At the moment, any builder-buyer agreement is governed by State Group Housing -development laws that govern things such as floor area ratio, maximum onsite coverage, plot sizes, provision of parking space, manner of structural alterations, among others.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.