Housing Development and Infrastructure (HDIL) has launched a new project ‘The Nest’ at Mulund, Mumbai, under the affordable housing brand ‘Budget Homes’, having 263 units open for sale in phase 1 of the project.
Earlier in March, the company had received an approval for divesting its 100% shareholding of its wholly owned subsidiary company ‘Excel Arcade’. The Finance Committee of the board at its meeting held on March 4, 2017, had approved for the same.
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).
