New Delhi: Slapped with a fresh ‘cease and desist’ order by fair trade regulator CCI, realty major DLF 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 Competition Commission of India (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 and its group companies to “cease and desist” from such unfair trade practices, but did not impose any fresh monetary penalty as '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. DLF said it would take the necessary steps as advised by the legal counsels.
