Discrimination faced by Mumbaikars...

If the housing societies in Mumbai (Bombay) are only meant for families (married couples), then the government of Maharashtra should make marriage compulsory in the state/city.
Or else the government should tell its citizens where will Unmarried, Divorcees, Bachelors, Spinsters live in the city of skyscrapers or is Bombay only for those who have families.
This is one of the greatest mental blocks of Mumbaikars, who otherwise want to bask in the FALSE HALO of Cosmopolitanism.
This disease (of not giving apartments to Bachelors, Muslims, etc on rent) is specially prevalent in housing societies where the Gujaratis, Marathis and North Indians (to some extent) abound; while the rest of the population is more or less okay with the concept.
The government of Maharashtra should take this matter seriously and devise laws to eradicate this malice ASAP, so that BOMBAY (and its suburbs) becomes free of discrimination based on Marital Status, Religion, etc. Or else the Honourable Supreme Court of India should step in, and give directions to the state or central governments -- so that the fundamental rights of its citizens enshrined in the constitution of India is not violated.

Tuesday, May 28, 2013

Housing Development & Infrastructure Ltd: Gives a Break Out
Housing Development & Infrastructure Limited has developed over 100 million sq. ft. area. The operations are spanning in every aspect of the real estate business, from residential, commercial and retail projects, to slum rehabilitation to land development. It has also diversified into energy, hospitality and the development of SEZs. 

It is a major player in Mumbai Realty with 90% land Reserves in the Mumbai Metropolitan Region (MMR) and are market leaders in residential and SRA projects in the Mumbai Metropolitan Region (MMR). It is currently executing the largest SRA project for rehabilitation of approx. 85,000 slum dwellers under expansion & modernization of Chhatrapati Shivaji International Airport, Mumbai. 

The company has more than 20 ongoing projects with a combination of Residential, Commercial and SRA. Its ongoing projects are located at Virar, Andheri, Goregoan, Bhandup, Palghar and Mulund. 

During the December, 2012 quarter, the Company launched, Second Phase of Virar Residency Park at Virar

HDIL also plans to convert two of its commercial projects with an area of 2.4 million sq ft into residential ones. The company is coming up with projects in Kandivali, Ghatkopar, Pune, Kurla and Santacruz. Last year the HDIL launched a couple of projects in Exotica. 

HDIL had a land bank of 229.93 mn sq ft as on 30th June, 2012. The TDR prices last year was around ~ Rs.2500 to Rs.3000 per sq. ft. Since underlying demand is very strong for HDIL projects in execution,  the company hopes, to present a better, top and bottomline in FY14. 

Those who have already entered the counter, should now wait to get good appreciation of their holdings. Any, unsatisfactory, Q4FY13 results, is already factored in the current price as a scrip of pedigree of HDIL, having a book value of Rs.239.53 and EPS of Rs.12.04 cannot trade at such dirt cheap price, as low as Rs.51-52. It was once  the biggest Real Estate company in the Mumbai Metropolitan Region, by market cap. 

When the interest rate is coming down and there are chances of a cut in the CRR, where can you invest your money other than, Bank, Real Estate/Construction and Auto space!! CMP: Rs.51.45.