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Showing contexts for: magicbricks in Confederation Of Real Estate Brokers’ ... vs Magicbricks.Com & Ors on 3 May, 2016Matching Fragments
1. The information in the present matter was filed by Confederation of Real Estate Brokers' Association of India ('Informant') under Section 19(1)(a) of the Competition Act, 2002 (the 'Act') against Magicbricks.com ('OP 1'), 99acres.com ('OP 2'), Housing.com ('OP 3'), Commonfloor.com ('OP 4') and Nobroker.in ('OP 5') [collectively, hereinafter 'OPs'] alleging, inter alia, contravention of the provisions of Section 4 of the Act.
2. The Informant, a Section 8 company registered under the Companies Act, 2013, is a confederation of thirty five real estate brokers' association, having combined membership of approximately 20,000 real estate brokers. OPs are various online portals engaged in the activities of real estate listing, property finder solution, etc. OPs run and manage their respective websites and property services division by acting as commission agents in real estate transactions.