Housing Development & Infrastructure Ltd

(HDIL)

Housing Development and Infrastructure Ltd HDIL is one of the premier real estate development companies in India and is actively pursuing on the development of real estate and slum rehabilitation projects in Mumbai Metropolitan region. The company is engaged in the business of real estate development and construction of residential and commercial properties infrastructure facilities and all other related activities. They are also engaged in slum rehabilitation projects in Mumbai Metropolitan region. They have also diversified into energy hospitality and the development of SEZs.The companys residential projects include Residential Park Vihar Paradise CityPhase I Palghar and Paradise City Palghar. Their retail projects include Harmony Oshiwara and Paradise City Palghar. Their multiplex business is operated under the brand name Kulraj Broadway. The company is focusing on four multiplexes operations: a three screen multiplex at Vasai a four screen multiplex at Kandivali a six screen multiplex at Bhandup and four screen multiplex at Kolkata. The company has established themselves as one of Indias premier real estate development companies with significant operations in the Mumbai Metropolitan Region. They are a public listed real estate company in India with shares traded on the BSE NSE Stock ExchangesHousing Development Infrastructure Ltd was incorporated in July 25 1996 as a private limited company with the name Housing Development and Improvement India Pvt Ltd. In January 2001 the Mall project in Malad Mumbai built by the subsidiary Privilege Power and Infrastructure Pvt Ltd earlier known as Dewan Investments Pvt Ltd. In March 2004 the company purchased 30 acres of land from Automobile Products India Ltd on LBS Marg Near Bhandup Station Mumbai for Dreams Project. In the year 2005 548 units in Dreams project on LBS Marg Near Bhandup Station Mumbai sold on the first day of opening of the booking. In February 3 2005 the company was converted into public limited company and the name was changed to Housing Development and Improvement India Ltd. In March 2005 the company completed the Dheeraj Arma comprising commercial premises in Bandra East Mumbai. In May 2005 the company sold FSI measuring 0.5 million sq. feet at Bandra Kurla Complex Mumbai to Wadhwa Constructions and FSI measuring 0.7 million sq. feet at Mulund Mumbai to Nirmal Lifestyles. In August 2005 they sold the same measuring 10.7 million sq. feet at Virar to Evershine Developers. In April 2006 the company through the subsidiary Privilege Power Infrastructure Pvt Ltd received inprincipal approval from the Government of India for establishing a multiproduct Special Economic Zone at Vasai District Thane Maharashtra. In May 2006 the company made a MoU with the Adani Group for the sale of rights in land measuring 1.7 million sq. feet at Bandra Kurla Complex Mumbai. In August 26 2006 the company name was changed to Housing Development and Infrastructure Ltd. In the year 2007 the company entered into a MOU for purchase of 8.32 acres of property belonging to Kilburn Engineering Ltd situated at Bhandup for a total consideration of Rs 124.70 crore. In October 2007 the company received a letter of intent from Mumbai International Airport Pvt Ltd for the airport slum rehabilitation project for removal of slums for encroached airport land.The company acquired industrial plots for redevelopment in Navi Mumbai Mulund and Bhandup aggregating close to 35 acres during November 2007 to February 2008. In February 21 2008 the company entered in to sale of Developmental rights agreement with respect to its project named Kaledonia situated at sahar Road Andheri East with Mack Star marketing Pvt Ltd for a consideration of Rs 900 crore. In February 2008 the company entered the Entertainment Sector with 100 subsidiary and launched first three screens multiplex in Vasai under the brand name BROADWAY.During the year 200809 the company launched three residential projects namely Premier Residences located at Kurla West Metropolis located at Versova Andheri West and Galaxy Apartments located at Kurla East. They acquired about 53 acres of land in Kurla for Phase I of Mumbai Airport Slum Rehabilitation. Also they started construction of Phase I of the airport slum rehabilitation project for about 56 million sq. ft. of rehabilitation area and 6 million sq. ft. of saleable area. The company also entered into Joint Venture with MMRDA for Rental Housing Scheme which is mega infrastructure project of approximately 525 acres located at Virar.During the year 200910 the company launched six Residential projects across Mumbai Metropolitan region with focus on affordability and sold approx 45 million sq ft of saleable area. They maintained their leadership in sale of Transferable Development Rights TDR in Mumbai Metropolitan Region. During the year Guruashish Construction Pvt Ltd and BKC Developers Pvt Ltd became subsidiaries of the company. Also HDIL Oil Gas Pvt Ltd ceased to be a subsidiary of the company.During the year Blue Star Realtors Pvt Ltd a wholly owned subsidiary of the company received the permission from the Ministry of Commerce and Industry Department of Commerce SEZ Section dated March 10 2010 for setting up of a sector specific Special Economic Zone for information Technology IT at Kalamassery Kochi Kerela admeasuring an area of 28.32 hectares.During the year 201011 the company launched Residential as well as Commercial projects admeasuring 5740218 sq ft of saleable area.

Share Price: ₹4.00 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹198.61Cr as of today
Revenue: ₹92.63Cr as on June 2019 (Q2 19)
Net Profit: ₹8.24Cr as on June 2019 (Q2 19)
Listing date: 24 Jul, 2007
Chairperson Name: Sarang Wadhawan