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Home > Forum > Bangalore > Real estate News > HDIL's Land will be sold to Godrej Properties.

HDIL's Land will be sold to Godrej Properties.

Q: Why HDIL is selling their land in Bangalore to Godrej properties?

properties in india
housing developement
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Replies (5)
1
Lat year also HDIL also sold 5 million sq ft of land in Virar to raise upto Rs 650 Crore.
shradha


2
Earlier also HDIL sold 2 acre plot in Mumbai to Adani Enterprises for Rs 900 Crore to repay its debt.
Vikram


3
According to sources, the Godrej Property may pay up to Rs 105 crore in case if HDIL obtains all permissions for construction on the land.
tony


4
Yeah even I heard that Godrej properties is planning to acquire 14 acre land in Bangalore from Housing Development and Infrastructure Ltd. The cost of the property is estimated at Rs 100 crore.
amit


5
HDIL plans to reduce its debt burden by sale of land. At present the debt amount has been increased to Rs 4000 crore.
Naaz


6

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