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HDIL sells multiplex biz for Rs 105 cr, to focus on slum rehab projects

Jul 04, 2014

HDIL sells multiplex biz for Rs 105 cr, to focus on slum rehab projects

Mumbai-based realty major Housing Development and Infra has sold its multiplex business HDIL Entertainment, which runs 33 multiplexes under the brand name Kulraj Broadway, to Carnival Films for Rs 105 crore as part of the group's strategy to exit non-core business and reduce its debt. #Mumbai #HDIL #multiplex #Real estate
HDIL flat buyers on warpath over builder's failure to deliver

Jan 27, 2014

HDIL flat buyers on warpath over builder's failure to deliver

Lalit Rao was just 32 and a newly wed when he decided to book a flat in Housing Development and Infrastructure Ltd's (HDIL's) affordable housing project in Kurla West in Mumbai. It was in 2009. He and 800 others are still waiting for their dream home even after completing the entire payment. #HowThisWorks #HDIL #home buyers #Real estate #Late delivery #Rakesh Wadhawan
Forget new launches, even existing flats will take more than 2 yrs to sell

Sep 23, 2013

Forget new launches, even existing flats will take more than 2 yrs to sell

With rising interest rates, slowing sales, a crippling liquidity crunch and exit of black money from the real estate prior to elections, India's top developers are in for a tough ride as they might be forced to generate liquidity, especially in Delhi-NCR and the Mumbai Metropolitan Region (MMR). #DLF #HDIL #Indiabulls #property prices #Real estate #unsold inventory #real estate launches
HDIL promoters finally pay interest on loan, lender withdraws default notice

Aug 12, 2013

HDIL promoters finally pay interest on loan, lender withdraws default notice

Housing Development and Infrastructure said on Monday Indiabulls Housing Finance has withdrawn default notices against its promoters after they paid the interest on a mortgage loan taken for personal use. #HDIL #CompanyWatch #Real estate #Loan default #Indiabulls Housing Finance #Sarang Wadhawan
Get ready for more realty defaults: Property prices should come down soon

Aug 07, 2013

Get ready for more realty defaults: Property prices should come down soon

It is just the unexplained and continuous increase in the price of land that is allowing realtors in Mumbai and the NCR to survive for nether sale of apartments or rentals will keep them afloat in the current gloom and doom. #ConnectTheDots #HDIL #Real estate #Orbit Corp #Loan defaults
Auto stocks help markets close in green; HDIL extends fall

May 30, 2013

Auto stocks help markets close in green; HDIL extends fall

The BSE Sensex closed at Rs 20189.81, up 0.21 percent, while the Nifty closed at 6124.05, up 0.32 percent. #Sensex #nifty #Tata Motors #HDIL #MarketClose #Mahindra & Mahindra
Markets close in red, banks slump ahead of GDP data, HDIL tanks

May 29, 2013

Markets close in red, banks slump ahead of GDP data, HDIL tanks

The BSE Sensex closed at 20147.64, down 0.07 percent, while the Nifty closed at 6104.30, down 0.11 percent. #Sensex #nifty #Sun Pharma #Sun TV Network #HDIL #MarketClose
Realtors hail consistency in rate cut, but stocks down

May 03, 2013

Realtors hail consistency in rate cut, but stocks down

Even though the real estate stocks were trading down after the RBI sounded hawkish in its guidance, the realtors' body Credai welcomed the repo rate cut by 25 basis points, and called for continuing the trend by the Reserve Bank of India to pave way for easy financing of the housing industry. #RBI #TheySaidIt #DLF #HDIL #Realtors
Why HDIL is the symptom of a shaky real estate sector

Mar 25, 2013

Why HDIL is the symptom of a shaky real estate sector

While some analysts feel defaults will take place if sales do not pick up, others are of the view that the structural problem is so huge that the only way out is write-offs #HowThisWorks #HDIL #property prices #Hubtown