Housing Development & Infrastructure (HDIL) is reportedly aiming to cut down its debt by 25 percent to Rs 2300 crore by March next year from around Rs 2900 crore. Meanwhile, the company has offloaded hospitality business and multiplex business. Moreover, the company is currently looking at a couple of other major properties that it can get into, some Floor Space Index (FSI) transactions.
Vasai, Virar will form a huge part of this debt reduction process. It has other areas outside of Mumbai where the company is looking at monetising those assets.
HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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