DLF FINED BY CCI FOR HAVING UNFAIR CLAUSES IN ITS SALE AGREEMENTS TO THE BUYERS OF THE PROPERTIES


THE ORDER

The facts of this case and the conduct of the OP-1,

as discussed above, particularly the size and resources of OP -1 a n d the duration during

which this abuse has continued to the advantage

of DLF Ltd. and to the disadvantage of consumers, warrant imposition 
of a heavy penalty. Keeping, in view the totality of the facts and 
circumstances of the case, the Commission considers it appropriate 
to impose penalty at the rate of 7% of the average of the turnover for 
the last three preceding financial years on OP-1. Therefore, in 
exercise of powers under section 27 (b) of the Act, the Commission 
imposes penalty on DLF Ltd. as computed below:
Turnover for year ended 31.03.2009 Rs 10,035.39 crores
Turnover for year ended 31.03.2010 Rs 7,422.87 crores
Turnover for year ended 31.03.2011 Rs 9,560.57 crores
Total Rs 27,018.83 crores
Average (Total ÷ 3) Rs 9006.27 crores
7 % of average Rs 630.43 crores
Penalty rounded off to nearest number Rs 630 crores
(or Rs 6.3 billion)