CCI investigating 5 realty companies including DLF, L&T

The Competition Commission of India (CCI) has initiated a probe against five real estate players, including DLF and J P Associates, for alleged anti-competitive practices.

"CCI has initiated a probe against DLF, Larsen & Toubro, Tulip Infrtaech, J P Associates and Omaxe based on 23 cases filed against the companies," Corporate Affairs Minister Sachin Pilot told Parliament in a written reply to the Rajya Sabha.

Pilot further said 15 cases against DLF have been decided.

He further said the competition watchdog has imposed a penalty of Rs 630 crore on DLF for abusing its dominant position and has also passed a "Cease & Desist" order regarding anti-competitive practices adopted by real estate giant.

With inputs from PTI