After DLF, CCI targets Delhi builders

Recently, The CCI (Competition Commission of India ) dropped a bombshell that shattered the illusion that all was well with listed realty stocks. It fined market leader DLF Rs 630 crore for essentially duping home buyers using its monopoly power. However, it is no one’s case…

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No plan to launch teaser loans: SBI

India's largest Bank State Bank of India (SBI ) said it has no plans to relaunch the dual or fixed-rate home loan products, popularly called teaser loans, as was done by its private sector rival ICICI Bank last week. Mr. Pratip Chaudhuri SBI chairman said  “Right now, th…

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How to file a complaint against the promoter in the CCI

Any individual can approach the Competition Commission of India (CCI) if he/she can prove that the practice followed by the builder / developer is anti competitive. In that sense any shifting of goal post after you have signed the agreement may also be construed as anti com…

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How to file a complaint against real estate promoter in the CCI

In cases related to real estate, Indian Competition Act is usually the abuse of dominant position that is relevant. So before approaching the Competition Commission of India (CCI), make sure that any one have enough evidence to show that the real estate company you are comp…

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What is Open Interest?

This is the total number of outstanding contracts (i.e., those that have not  been exercised, closed, or expired) of a future or option. Open interest is often used as an  indicator.

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How to get a plot of land loan

Most banks offer loans to people who wish to buy a piece of plot to construct their dream home. Available to salaried and self-employed people and also to NRIs, land loans enable you to purchase a residential plot of land. What type of plot of land can be purchased? A perso…

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Muthoot NCD Rs. 1,000 Cr issue to open on Aug 23

The non-convertible debentures (NCD) issue of Muthoot Finance Ltd (MFL) open today (August 23, 2011). The company  raise Rs. 1,000 crore through the public issue of debentures. The NCD issue, with 3 investment options and an effective yield of up to 12.25% per year closes o…

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Parsvnath, Unitech, Omaxe may face CCI's probe

India' s major real estate companies Unitech, Omaxe and Parsvnath Developers  are likely to face the Director General (DG) investigation in the next week. The Competition Commission of India (CCI) is likely to order probe on Unitech, Omaxe and Parsvnath Developers base…

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House buyers considering legal action on realty companies

Order of the Competition Commission of India (CCI) against  DLF, the India's largest real estate company, house buyers hit by project delays and sudden change in building plans are considering legal action either through the CCI. Lawyers in  Delhi, Mumbai, Bangalore, Che…

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Unitech, Omaxe, Parsvnath may face Competition Commission of India's probe

Last week, Competition Commission of India had imposed a hefty penalty of Rs 630 crore on DLF for abusing its dominant market position on a complaint by 'The Belaire' association in Gurgaon. The Competition Commission of India (CCI) on Tuesday said the Centre as wel…

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