HDIL completes Phase I of MIAL slum rehabilitation project

06 Jun 2011

Housing Development and Infrastructure (HDIL) has completed the Phase I of the MIAL slum rehabilitation project undertaken by it on behalf of MMRDA. With this, MMRDA has started the process of shifting of eligible slum dwellers from Mumbai International Airport slums (MIAL) to Kurla Premiere compound and have issued allotment letters to the eligible slum dwellers for the 1st phase.

Besides, Mumbai-based real estate company HDIL is also expecting sales of Rs 6,000 crore in the next three-years. The total sales of the company for FY 11 stood at Rs 1,899.88 crore as against Rs 1,536.63 crore in FY 10.

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).

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