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DLF to CCI: Why no penalty on other realtors?

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DL--621x414Slapped with a fresh ‘cease and desist’ order by fair trade regulator Competition Commission of India (CCI), realty major DLF Ltd has said it is “very surprising” that no penalty has been imposed on other realtors operating in the same market with the same product line.

In a fresh order on Thursday against DLF, the CCI ruled that the realty giant was guilty of indulging in “unfair and abusive” business practices in sale of apartments in a Gurgaon housing project.

CCI asked DLF Gurgaon Home Developers Private Ltd and its group companies to “cease and desist” from such unfair trade practices, but did not impose any fresh monetary penalty as Rs.630 crore fine has already been slapped on DLF for similar violation during the same period in a separate case.

This is the latest in a series of orders passed by CCI against DLF, although it has also let off the company in some cases saying it did not find any violation of the competition laws.

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