HDIL Plans for a Township in Noida
A leading real estate company, Housing Development and Infrastructure Ltd. (HDIL), is planning to construct a township in Noida.
This 100 acre villa township is going to be its first project outside Mumbai. Mr. Hari Prakash Pandey, Vice-President, Finance and Investor Relations, HDIL, has revealed that the project will be launched in another 8-10 days and has got all the required approvals from the government.
It is expected to be a debt-relief source for the company since the firm is in a great need of cash inflow. The market analysts are of the opinion that the company is desperate to find new projects in order to repay its debts. The proposed township project in Noida is said to offer plots and villas to the buyers.
The Noida project is the first project of the firm since April and it will also launch the Ghatkopar project shortly, which was on a hold for almost an year.
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Source: Live Mint
This 100 acre villa township is going to be its first project outside Mumbai. Mr. Hari Prakash Pandey, vice-president, finance and investor relations, HDIL, has revealed that the project will be launched in another 8-10 days and has got all the required approvals from the government.
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Great to know HDIL first project outside Mumbai and that too 100 acre villa township. Thanks for the write up.
Noida real estate is one of the best real estate destination and hope HDIL can offer projects at affordable rate