Owners selling apartments are putting in a clause that if final order allows original buyers to get compensation.
CCI has accused realty player DLF of preparing one-sided agreement with home buyers
In a setback to DLF, the competition Appellate Tribunal on Monday upheld the CCI order imposing Rs 630 crore penalty on the realty major for unfair business practices.
Old is gold discovers Rediff.com's Hitesh Harisinghani.
In August, the Supreme Court had said that the total amount should be deposited within 3 months with its Registry, pending the outcome of the appeal filed by the DLF against the May 19 order of Competition Appellate Tribunal's upholding the penalty imposed by CCI.
Golf Course Road in Gurgaon symbolises smart new India like almost everything does in this Haryana boom-town. Swish, glass-cladded IT, ITeS offices; big, and bigger, malls; and a series of premium, gated residential complexes along the broad, dusty avenues here -- DLF BelAir, Parsvanath PrideAsia, EmaarMGF's Palm Springs, etcetera, etcetera. It is thus only fitting that something called "Street of Dreams" should be located along this road.
Many likely to be in trouble if restive consumers also petition the courts.
The FY13 fourth quarter (Q4) earnings, however, fell short of analysts' expectation, as debt was still high at Rs 21,730 crore (Rs 217.3 billion), with much of the targeted non-core sales done.
Turns down firm's plea for stay on CCI order; final order pending