You are here: Home » PTI Stories » National » News
Business Standard

CCI rejects complaint against realty firm SJR Enterprises

Press Trust of India  |  New Delhi 

The Competition Commission today dismissed allegations of abuse of dominance against Karnataka-based realty firm SJR Enterprises with regard to a residential project in

The complaint filed by one V Sreedhar Reddy was against Bren Corporation, apart from SJR Enterprises. Both the firms are under a common management.

Among others, it was alleged that OPs (opposite parties) were pestering the flat owners for maintenance charges without providing certain amenities and services.

The complaint pertained to SJR Luxuria in and Reddy is a resident there.

For the case, the Competition Commission of (CCI) considered the market for "provision of services for development and sale of residential apartments and flats in Bangalore" as the relevant one.

In an order dated August 8, the CCI noted that as per the information available in the public domain, there are many major real estate developers operating and competing with SJR Enterprises in the relevant market.

"The presence of large and significant players acts as a competitive restraint upon OP-1 (SJR Enterprises) from acting independently of the market forces in the relevant market," the CCI said.

"Thus, OP-1 does not appear to be dominant in the relevant market," the regulator said, adding that in the absence of dominance, no case of contravention of Section 4 of the Competition Act is made out against SJR Enterprises.

Section 4 of the Competition Act pertains to abuse of dominant position.

The regulator also dismissed abuse of dominance allegations against Bren Corporation after noting that "no specific allegations have been made" against the firm.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, August 08 2017. 20:07 IST