Tuesday, August 16, 2011

DLF FINED BY CCI - ONE SIDED AGREEMENTS AND UNFAIR TRADE PRACTICES AND CLAUSES

THE REAL ESTATE LEADER DLF HAS BEEN FINED BY COMPETITION COMMISSION OF INDIA FOR UNFAIR TRADE PRACTICES AND CLAUSES IN ITS DEALINGS.
GENERALLY ALL THE SALE AGREEMENTS OF LEADING BUILDERS ARE TOTALLY ONE SIDED AGREEMENTS AND TOTALLY IN FAVOUR OF THE BUILDERS.  IT IS A MISCHIEF AND UNFAIR TRADE PRACTICE TO HAVE SUCH AN AGREEMENT.  THE UNSUSPECTING AND INNOCENT BUYERS OF APARTMENT AND PROPERTIES ARE COMPELLED TO SIGN SUCH AGREEMENTS AND THESE BUILDERS/DEVELOPERS WILL NEVER ACCEPT TO MODIFY SUCH CLAUSES IN THEIR AGREEMENT.
THE CCI HAS COME TO THE RESCUE OF ALL THE BUYERS OF PROPERTIES AND HAS PENALISED THE LEADER TO SHOW THE WAY.

No comments:

BBMP-Planning to regularise(convert) B Katha to A Katha

The BBMP has sent a proposal to the State Government of Karnataka to regularise (convert) B katha properties (vacant properties-without an...