HDIL is a Mumbai based real estate company having its focus on residential projects construction and development and more recently commercial and retail projects.
Image: company site
It also has its projects in Slum Rehabilitation and Development and Land Development. In slum development it undertakes activities like clearing slum land and rehousing slum residents while in Land Development its activities include development of infrastructure on land which the company sells to other developers. It has its own in-house development team covering all the operations like identification of the project and its inception through developing and completing it for sale.
It was incorporated in 1996, and from its inception it has been majorly focusing its business geographically in the Mumbai Metropolitan region. It has developed twenty three projects covering as much as 20,000,000 square feet of saleable area. It also, under the slum rehabilitation schemes, has constructed an additional twenty lakh sq. feet of rehabilitation housing area
Their projects for residential purpose generally comprise of apartments and towers. They also build and develop multi-purpose “township” projects. Certain office spaces and multiplex cinemas are a part of their commercial projects. Their retail projects are general shopping malls. They have built some huge shopping malls in and around Mumbai. They follow a model of “build and sell” for the development properties.
They have always been concentrating on Mumbai Metropolitan region as their prospect for development projects but now they are expanding into cities like Kochi and Hyderabad as a part of their growth strategy. They are also considering their expansion into hotel projects and SEZ development projects which are large and may help greatly their growth prospects.