The Competition Commission of India has rejected allegation that real estate developer Vatika Group absued its dominant position in the market for the sale and development of its commercial units in Gurgaon.
The matter relates to the purchase of a commercial unit in Vatika Professional Point Sector in Gurgaon, Haryana. An individual alleged Vatika of unfair and discriminatory conduct on the buyers of commercial units.
The Competition Commission of India in an order said that “no prima facie case of contravention of the provisions of…the (Competition) Act is made out against the opposite party in the instant matter”.
“Accordingly, the matter is closed under the provisions of…the Act,” it added.
The Commission also noted that there is no other information available on record and in the public domain “to show the position of strength of Vatika which enables it to operate independently of competitive forces prevailing in the relevant market”.
“Prima facie, the opposite party does not appear to be in a dominant position in the relevant market,” CCI said.