The Competition Commission of India in 2011 had slapped a Rs 630-crore penalty on the builders for abusing their power against the owners. The builder had pleaded against it but the owners are not taking this plea into consideration. The builder has been asked to pay 7 percent for its annual turnover, along with an interest of 9 percent since the original order. However, they are not concerned and said that they would contest it in Supreme Court.
The complaints were filed by Park Place Residents' Welfare Association and Belaire Owners Association in 2010 at CCI. They filed for compensation for delay in construction, levy of parking charges and building an extra floor, which led to the downsizing of the common area. A total of 50 lakhs per apartment were asked for compensation.
Vaibhav Gaggar, partner at law firm Gaggar & Associates, who was representing the buyers associations against DLF, said, ''Considering the valuation today and the clear reduction in the area, as well as quality being offered to allottees, compensation claims should be higher than Rs 50 lakh per apartment.''
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