Antitrust laws are regulatory mechanisms throughout several countries. They perform a widespread role in regulating the functioning of companies and how they run their businesses. These laws aim at ensuring fairness in all business sectors, while leveling the playing field for all companies in any sector/industry.
Antitrust laws are those regulations of the Government and other authorities which safeguard consumers/citizens from any unethical and predatory practices of businesses, while ensuring a fair and transparent form of competition. These laws apply for several aspects including market monopolies, fixing of prices, rigging of bids, allocations, etc. They are also known as competition laws which enable fair competition amongst entities in any industry.
Antitrust laws may apply in several real estate-related scenarios. They may help in safeguarding consumer rights on account of wrongful activities by real estate companies/brands, including price fixing, wrongful allotments, monopolies in the market, and so on. Price fixing may happen whenever any price of the property is intentionally fixed by any real estate entity/company, instead of letting it be determined by the forces of the market. At the same time, there could be monopolies, i.e. the domination of any particular company in the sector, which is eliminating the competition through various steps.
