New Delhi : Housing Development and Infrastructure Limited (HDIL), a leading real estate developer has announced its results for Q1 ended 30th June 2010. The Turnover stands at Rs. 450.92 crores and PAT available for appropriation is Rs. 234.31 crores.
According to Saranng wog Wadhawan, Managing Director of HDIL said “We are very pleased to report strong financial results including a significant percentage rise in revenues by 52.26% compared to the same quarter of the previous financial year.”
“The Indian economy and realty market are projected to grow favorably, thereby providing us with the opportunity to further expand and consolidate our presence in the real estate market.” Wadhawan further added
HDIL plans to launch four to six million square feet of residential projects in the current financial year. Phase 1 of Mumbai International Airport Slum Rehabilitation project, a Vital Public Project, is on schedule. HDIL launches ‘The Meadows’ at Gurgaon, 75% of the project sold off in the first week.
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