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