Realty companies to move CCI against `cartelisation’ by cement makers

Real estate developers will move the Competition Commission of India against alleged cartelisation by cement producers within two years of the CCI slapping a Rs 6,300 crore fine on 11 cement companies in June 2012, for allegedly colluding to keep prices high.C Sekhar Reddy, president of real estate grouping Credai, told reporters on Wednesday that builders have also joined hands to put pressure on cement manufacturers to immediately roll back price increases.


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