SUPREME COURT OF INDIA PENALISED DLF – A REAL ESTATE GROUP – DIRECTED IT TO DEPOSIT RS.630 CRORES FOR UNFAIR TRADE PRACTICES IN REAL ESTATE TRANSACTIONS


The Supreme Court of India has penalized the real estate group DLF Rs. 630 Crores for indulging in unfair trade practices and exploiting its dominant position to the disadvantage of its customers in its projects and was slapped a penalty of Rs630 Crores by the Regulator Competition Commission of India.

The DLF agreements are one sided and totally unfair, like many other developers and builders across the country, but due its dominant position was singled out.

Majority of the Sale Agreements executed by major builders in Bangalore are totally one sided and unfair and contains clauses which are totally adverse to the interest of the buyers.

The buyers must wake up and modify or institute appropriate legal action against such activities of the builders.

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