CCI Closes Case Against Real Estate Developer as No Dominance Found in Gurugram Commercial Real Estate Market

Jaya Pandey and Prakash C Pandey Vs Advance India Projects Limited (Competition Commission of India) The Competition Commission of India (CCI) considered an information filed by the Informants against the Opposite Party (OP), a real estate developer, alleging contravention of Sections 3 and 4 of the Competition Act, 2002. The Informants were purchasers/allottees of commercial units in three projects developed by the OP in Gurugram. The Informants stated that they had invested substantial amounts in the OP’s projects based on representations regarding commercial viability, premium positio...