Housing Development & Infrastructure Ltd (HDIL), the fourth-largest realtor according to market capitalisation, has sold 0.4 million square feet (msf) in two days in the first phase of The Meadows, its project in Sidharth Nagar, Goregaon (west).
The total saleable area of the phase I, which was launched on Friday, is close to 2 msf. HDIL had quoted a base price of Rs 7,740 per square feet for the residential project during the launch and has now increased it by 5% to Rs 8,100 per sq ft.
The total saleable area of the project is approximately 4.6 msf. HDIL has already received down payment of 20% of its apartment sale price, which is close to Rs 15-20 lakh. The project is being executed under HDIL’s 100% subsidiary Guru Ashish Developers Private Ltd.
HDIL, at present, has 17 ongoing projects aggregating to 60.17 msf, of which 46.59 msf is from slum redevelopment projects. The company has project launch visibility of Kandivili of 3 msf, Ghatkopar of 0.5 msf and rental projects in Virar. It has also given sales guidance of 5-6 msf in the current fiscal through TDR, which constitutes 84% of its business revenues. It has a holdover of 0.5 msf from the last quarter.
HDIL is awaiting the BMC approval for water supply at its defunct automobile plot in Kurla which is expected to come through in three months. HDIL is also planning to launch phase II of the Mumbai International Airport Ltd (MIAL) project within 3-4 months which would rehabilitate around 25,000 families.
crackcrackCompany Name | CMP |
---|---|
Dilip Buildcon | 437.95 |
Macrotech Developers | 1173.00 |
NBCC (India) | 124.00 |
Prestige EstatesProj | 1230.70 |
DLF | 855.85 |
View more.. |