HDIL is planning to invest Rs 150 crore on Mumbai housing project

Q: Realty firm Housing Development and Infrastructure Ltd. (HDIL) will invest about Rs 150 crore for the first phase of its upcoming affordable housing project at Virar in Mumbai.

Pranab Malakar,

27th October 2015

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housing development infrastructure ltd

housing project in mumbai

residential project in virar

housing project in virar east

upcoming residential project in ghatkopar east

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Replies (2)

I heard that the luxury project at Ghatkopar East will be a redevelopment project, hence the major cost has already been raised.

Sankalp, Mumbai

27th October 2015

Comment

Yes, and company is planning to handover possession of over 1500 apartments for 3 of its projects Metropolis Residences in Andheri West, Premier Exotica in Kurla West and Residency Park-2 in Virar. Date of the possession has not been declared yet.

Lokesh Patwa,

27th October 2015

Well Lokesh,
Have you any idea about the cost of the first phase of the project and what will be the configuration of the flat?

Sankalp, Mumbai

27th October 2015

@Sankalp,
The construction cost of the first phase of the project is about Rs 100-150 crore. The flat configuration will be in a range of 500-600 sq-ft. at a price of Rs 3800-4000/sq-ft.

Diwakar Shetty,

28th October 2015

Yes, i heard the announcement. The company will launch the first phase of its affordable housing project "Planet HDIL" in Virar East this Diwali and another 2-luxurious projects in Ghatkopar East. Virar East project which is spread over an area of 550 acres, would be launched next month.

Samrat,

27th October 2015

Comment

As per the companys' Vice Chairman and Managing Director Sarang Wadhawan, ''Planet HDIL" will be one of the largest affordable housing projects in the country.

Lokesh Patwa,

27th October 2015