Overview:
Housing Development and Infrastructure Limited or HDIL is a public real estate company in India that is known for its premier developmental projects primarily in the Mumbai Metropolitan Region. This public listed company has shares traded in the stock exchanges of BSE and NSE. HDIL has completed as much as 10 million square feet worth of construction having rehabilitated more than 30,000 families in the past decade. Ever since its inception, HDIL has always had the goal of developing the company into a well-managed and reputed corporate. With the restructuring of the board of directors which now includes renowned and experienced professionals from every sphere like banking, legal, and finance fields, HDIL has managed to become better with each passing year.
Real estate developmental operations conducted by the HDIL span across different sectors including common residential and commercial projects, retail outlet projects as well as land development and slum rehabilitation. Residential projects include building of apartment complexes, high-rise towers, integrated townships etc. Commercial spaces feature world-class shopping malls, retail outlets, multiplex cinemas etc. Its slum rehabilitation programs focus on aiding and working with Government Schemes administered by the Slum Rehabilitation Authority (SRA). These offer development rights in exchange for having slum lands cleared up and redeveloped for upcoming projects. At the same time, displaced slum dwellers are provided replacement housing options.
Rehabilitation projects taken up were successfully completed in various parts of Mumbai including places like Jogeshwari, Pathar Nagar, Bandra and Andheri all of which gave way to the completion of landmark buildings like the Bandra-Kurla Complex, Konkan Nagar, Perreirawadi, Natwar Nagar, HDIL Towers, Dheeraj Arcade etc.Some of their significant projects developed till date includes the Galaxy Apartments in Kurla, Dheeraj Affair in Bandra West and Premiere Residences in Kurla. Upcoming projects under construction are the Residency Park in Virar, Whispering Towers West in Mulund and Premiere Exotica West in Kurla.
Construction World NICMAR ranked HDIL as one of the fastest growing real estate companies back in 2007. Houses built by HDIL are affordable housing solutions meticulously planned and delivered on time.
Unique Selling Point: HDIL stands apart from the remaining builders in undertaking rehabilitation projects for slum dwellers. Apart from delivering well-made homes, the government relies on the HDIL for clearing up land and preparing them for new and upcoming projects.
Landmark Projects:Many landmark projects have been built by HDIL, many of which were built after clearing of land space and rehabilitation of slum dwellers. Landmark buildings like the Bandra Kurla Complex, Whispering Towers, Galaxy Towers etc. are some residential cum commercial projects finished and developed by HDIL.
Key Technologies Used:Being an infrastructural developer as well, HDIL is able to use the latest and most efficient forms of technologies and incorporate new architectural designs in their projects for faster and timely delivery of their projects.
Type/Category of Projects: HDIL as a real estate developer does not restrict itself to the conventional ways of real estate development such as building of residential and commercial spaces. It goes beyond that, as mentioned earlier in acquiring land spaces in key areas of the city while at the same time providing alternative homes for the displaced slum dwellers.