new delhi fair trade regulator cci is working on a model framework for commercial agreements between real estate developer and the property buyer which it expects to serve as a benchmark for the industry the framework is being prepared by the competition commission of india cci in connection with a highprofile market dominance case against realty giant dlf group which has challenged a rs 630 crore penalty imposed on it by cci upon hearing dlfs appeal against the cci order the competition appellate tribunal compat asked the fair trade regulator to present a modified buyerseller agreement between dlf and the flat buyers of its two housing projects in gurgaon in the national capital region whether a real estate company is dominant or not dlf was found to be dominant because it was big most of them follow the same format pattern that flows from big players in the market cci chairman ashok chawla told pti in an interview here asked whether he expects the modified pact being prepared by cci to serve as a benchmark for the entire real estate industry chawla said that it should certainly serve as a general model of framework i think once that happens that the modified pact meets judicial test that i believe should take care of the most of the commercial aspects between the buyer and the seller chawla said compat has asked the fair trade regulator to decide on what constitutes a good balanced and fair agreement between the buyer and the seller cci is expected to shortly finalise the key parameters related to the buyerseller pact in the context of dlf case i wont be surprised if that the modified pact is accepted and stands judicial scrutiny it would give a sort of key to the mind of the commission which most real estate companies might follow he added chawla said there would always be issues related to local laws and regulations in the real estate sector but ccis jurisdiction was limited to the agreement between the buyer and the seller and whether any anticompetitive practices were being followed in that regard how much can be built and how much cannot be built that are not our concern he added if the model agreement is fair and balanced by and large the issues get resolved the cci chief emphasised cci had slapped a penalty of rs 630 crore in august last year on dlf after finding the realty major guilty of abusing its dominant market position the orders were passed following inquiries into complaints filed by the flat buyer associations of two separate dlf projects in gurgaon dlf park palace and the belaire alleging delays in the project and increase in the number of floors than planned earlier among other things