Housing Development & Infrastructure(HDIL)

HDIL-Housing Development & Infrastructure, a Mumbai-based real estate player, offers vast potential based on its strong project pipeline and imminent upsides from GVK Slum Rehabilitation Scheme (SRS) and approaching special economic zones (SEZs). HDIL has presence across all key segments – residential, commercial, retail, SEZs and particularly SRS. Presence in prime Mumbai property market adds to the advantage. HDIL has development pipeline of approx. 120mn sqft (excluding GVK SRS and SEZs) – we estimate HDIL’s NPV at Rs444bn or Rs2,076/sh.