MRTPC holds DLF guilty for unfair trade practice

17 Oct, 2007 The Economic Times

NEW DELHI: The Monopolies and Restrictive Trade Practices Commission (MRTPC) has held country's top realty firm DLF Ltd for indulging in unfair trade practice by not disclosing the basis of calculating the carpet area to its client.

"MRTPC has held that DLF Universal Ltd indulged in unfair trade practice and came under the scrutiny of Section 36-A of the MRTP Act by not disclosing to the complainant, K P Jain, the basis of carpet area calculations, thus prejudicing the interest of consumer," the Ministry of Corporate Affairs said in a statement.

The commission held that suppression of norms by DLF in calculating carpet area has a flavour of misrepresentation.

The complainant had entered into an agreement with DLF for purchase of office space. As per the agreement, Jain would have a super area of about 101.46 sq mt, including a carpet area of 74.88 sq mt.

The complainant was under the impression that the carpet area would be equal to floor area without including the thickness of the bounding walls.

DLF kept the view to itself without disclosing the same to the petitioner at the time of agreement, the statement said.

http://economictimes.indiatimes.com/Property__Cstruction/MRTPC_holds_DLF_guilty_for_unfair_trade_practice/articleshow/2467607.cms

With Thanks from the Economic Times

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