Housing Development and Infrastructure Limited (HDIL) is an Indian real estate company which mainly operates in Mumbai Metropolitan Region.
Image: company website
HDIL was initially part of the Wadhawan Group which was founded in1973, and the HDIL company was incorporated in the year 1996. Rakesh Kumar Wadhawan is the Executive Chairman and the founder of the HDIL group, which is one of the most widely recognized players in the industry.
The company has completed projects covering 100 million square feet of area under construction since its inception and has delivered over 1.5 lakh homes. It has 46 million square feet of area under construction and this includes 22 ongoing projects. The company has land reserves of 241.73 million square feet and is considered to be the largest land bank owner in Mumbai Metropolitan Region.
The business segment of the company includes residential, commercial, retail and SRA. Some of the well know projects that are either completed or ongoing in the residential segment are Majestic Tower, Whispering Tower, Premier Residences Paradise city and Premier Exotica. Dream Mall, Harmony Mall, Annex Mall, Kulraj Mall and Kaledonia are some of the project under commercial and retail segment. SRA is one of the special segments of HDIL which deals with projects related to the slum rehabilitation. Under the slum rehabilitation schemes the company has so far completed projects covering 4.31 million square feet of housing area. Some of the projects completed under SRA are Natwar Nagar, Dheeraj Arcade, Konkan Nagar and Sambhaji Nagar. One of the key projects undertaken by the company under SRA is the Mumbai Airport Rehabilitation Project and it is the largest urban rehabilitation scheme in India. As a part of its future plan the company has taken up the project Planet HDIL which is claimed to be India’s first and the largest smart city and affordable housing project. The 1st phase of work on this project will be started in the current financial year.