Competition Commission of India expects model agreement in DLF case to serve as benchmark

by Paul Joseph on January 2, 2013 · 0 comments

NEW DELHI: Fair trade regulator CCI is working on a model framework for commercial agreements between real estate developer and the property buyer, which it expects to serve as a benchmark for the industry. The framework is being prepared by the Competition Commission of India (CCI) in connection with a high-profile market dominance case against realty giant DLF Group, which has challenged a Rs 630 crore penalty imposed on it by CCI. Upon hearing DLF’s appeal against the CCI order, the Competition Appellate Tribunal (COMPAT) asked the fair trade regulator to present a modified buyer-seller agreement between DLF and the flat buyers of its two housing projects in Gurgaon in

[via India Properties – Real Estate India – Indian Property News Site]

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