Panel plans to probe DLF ads

Jun 07, 2010 |

New Delhi

In a bid to check the rampant malpractices in the realty sector, the Competition Commission has decided to suo motu enquire if various developers are misleading the buyers, apart from looking into specific complaints against the market leader DLF.

Taking note of the general complaint of delayed possession, change in terms and conditions of sale agreements and developers making it almost impossible for a customer to opt out, the Competition Commission of India (CCI) has also decided to look into complaints of misleading advertisements, a CCI source said.
On the basis of complaints from individuals who have booked flats from various developers, the CCI has referred the complaints against DLF to the director general-investigations for a probe, the source said.
When contacted, DLF officials declined to comment saying they have not received any notice from the CCI, a market watchdog created to check abuse of market dominance.
“We have not received any letter from the CCI in this regard so far. Therefore, we would not like to comment on this matter without knowing the exact nature of the complaint,” a DLF spokesperson said.
According to one such complaint, DLF had promised to complete its residential project in Gurgaon called Blair in 2009, but the buyers are yet to get possession. — PTI

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