CCI orders probe against Jaypee Greens

Fair trade regulator CCI has ordered a probe against realty firm Jaypee Greens for alleged violation of the competition norms in a housing project in Greater Noida.

This is the second major probe against a realty major in the NCR region. The case relates to a project involving construction and sale of villas in Greater Noida area in the national capital region.

  The investigation has been ordered by CCI on a complaint filed by a buyer, who had booked a villa worth Rs 4.05 crore for which he had already paid 95 per cent of the total cost but was allotted the accommodation after 8-month delay. 

The complaint alleged that the firm was abusing its dominant position.