~~K Raghavendra Kamath/Mumbai 05 Jun 13
In February 2011, HDIL announced that it will build a mixed use project Cybercity at Kalamassery special economic zone at an investment of Rs 2,300 crore. The project would have a built up area of 10 million square feet.
HDIL has been selling development rights and land parcels to reduce its debt and fund projects and it is a part of company's strategy to mobilise funds, said an analyst.
"HDIL is looking for prospective buyers/Joint Venture partner for land at Kalamassery, Kochi, Kerala," the company said in a release.
HDIL stock was trading at Rs 41.45, down 0.84% from previous close.