Days after Competition Commission of India (CCI) struck a blow of Rs 630-crore penalty on real estate major DLF, rival company HDIL stands by the industry, specifying that everything is in black and white.
The competition watchdog has charged DLF is misusing its dominant market position and imposing unfair conditions on home-buyers. However, in an interview to CNBC-TV18, HDIL's managing director Sarang Wadhawan says that the buyers are very well aware of the implications of such agreements.
"These agreements are not one-sided; in fact they are legally valid. These have stood the test of time for years and will continue to do so," he says.
Wadhawan is optimistic that the CCI