Competition Comm rejects complaint against Emaar MGF

Competition Commission has rejected allegations that realty major Emaar MGF indulged in unfair business ways with regard to a project in Gurgaon, Haryana.
The allegation pertains to 'The Palm Square' project where the complainant, one Arvind Kumar Sachdev, had booked a commercial unit. It was alleged that most clauses in the buyer's agreement were onerous and one-sided in gross violation of competition norms.
Competition Commission of India (CCI) has said that prima facie Emaar MGF Land and Active Promoters do not appear to be dominant in the relevant market.
Since they do not appear to be in a dominant position in the relevant market, "no question of abuse of its dominant position can arise in terms of the provisions of Section 4 of the Competition Act," CCI said in the order dated March 11.

"Presence of other builders, prima facie, shows prevalence of competition in the relevant market. There is no material before the Commission to infer that Opposite Party (Emaar MGF) could operate independently of competitive forces," it noted.
CCI keeps a tab on anti-competitive practices at market place across sectors.