Competition Commission of India (CCI) on Wednesday rejected allegations of anti-competitive practices made against real estate company DLF with respect to a residential project in NCR.
Complainants Ess Cee Securities and Signature Securities had 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, in the project ‘DLF Capital Greens, Phase III, Shivaji Marg’.
The watchdog dismissed the allegations since it found that prima-facie there was no violation of competition norms, especially since DLF is not in a dominant position in the relevant market.
“In the geographic region of Delhi, DLF is just one of the real estate developers engaged in the provision of services relating to development and sale of residential apartment,” CCI said in its order.
Hence, the question of its conduct being abusive does not arise, the watchdog added.