Tag Archives: Housing Development

Realtors renegotiate deals, put projects on hold

January 9, 2009 – 12:38 am

With the information technology and business process outsourcing companies facing an uncertain future following a recession in the US, some real estate players developing space for these companies are being forced to shelve their projects, while others are slashing their rentals and renegotiating lease agreements to stay afloat.
For these real estate developers, already reeling [...]

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Real Estate giant to sell off 4.5 million square feet

November 12, 2008 – 12:26 am

In a sign of the times, the country’s third largest real estate player, Housing Development and Infrastructure Limited (HDIL), has offered to sell off three of its plots totalling about 4.5 million square feet.
Analysts say the rare move shows the extent of liquidity crunch in the realty market where no developer normally takes the extreme [...]

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HDIL Will Buy Land To Relocate 80,000 Slum Families

August 27, 2008 – 2:58 am

Housing Development and Infrastructure Ltd (HDIL), India’s third largest developer by market value, plans to raise Rs1,000 crore within a year to buy land and relocate 80,000 slum families for the Mumbai airport modernization project. The project will entail the country’s single largest rehabilitation exercise, even bigger than the Dharavi project, which will relocate 55,000 [...]

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Boom Time Over:-Keki Mistry, Vice Chairman Of Housing Development Finance Corp

June 27, 2008 – 12:55 am

According to Keki Mistry, vice chairman of Housing Development Finance Corp An increase in the housing supply, rising borrowing costs and a stock market rout are bringing a five-year property boom in India to a close, according to executives at two mortgage lenders. Property prices across the country could drop as much as 15% in [...]

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HDIL Gets Government Approval For Mumbai Slum Project

May 3, 2008 – 3:54 am

The real estate developer Housing Development and Infrastructure Limited got the government approval for the popular Mumbai airport slum rehabilitation programme. Mr. Sarang Wadhawan, HDIL Managing Director said, “The tenement limit has been increased from 225 square feet to 270 square feet . As the size of the tenement has gone up, the transfer of [...]

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