What HDIL does

HDIL (Housing Development and Infrastructure Limited) is a publicly listed Indian real estate developer incorporated in 1996 and headquartered at HDIL Towers, Bandra East, Mumbai. The company develops residential (1 BHK to 4 BHK apartments and townships), commercial and retail (office complexes, malls such as Dreams Mall and Kaledonia), industrial (HDIL Industrial Park in Virar), and slum rehabilitation projects, primarily across the Mumbai Metropolitan Region. HDIL has completed over 100 million square feet of construction cumulatively and is recognized as one of India's top-five listed real estate companies, having been ranked India's fastest growing real estate company by Construction World-NICMR in October 2007.

The company's business model is direct-to-consumer real estate sales through its corporate website, project inquiry forms, EMI calculator tools, and a corporate sales office. Revenue is generated primarily through one-time unit sales of residential and commercial properties, supplemented by development-rights-based revenue from Slum Rehabilitation Authority (SRA) projects under government schemes. HDIL has rehabilitated approximately 30,000 families over the past decade and is executing the Mumbai Airport Rehabilitation Project — described as India's largest Urban Rehabilitation Scheme, covering ~85,000 hutments and aiming to free 275 acres of encroached airport land.

Since August 20, 2019, HDIL has been undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code 2016, ordered by the NCLT Mumbai Bench. The company's affairs, business, and assets are managed by Resolution Professional Mr. Abhay N Manudhane, and the company has explicitly stated it is not accepting new bookings or allotments pending RERA-compliant revision of its website and operations. Founder Rakesh Kumar Wadhawan serves as Executive Chairman and Sarang Wadhawan as Vice Chairman & Managing Director.

Name

HDIL

Legal name

Housing Development and Infrastructure Limited

Website

https://hdil.in

Company type

Public

Founded year

1996

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

HDIL is a Mumbai-based publicly listed Indian real estate developer of residential, commercial, retail, industrial, and slum rehabilitation projects, primarily in the Mumbai Metropolitan Region, currently under Corporate Insolvency Resolution Process since August 2019.

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (23611), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Building Construction (2361), Land Subdivision (2372)

SIC

Operative Builders (1531), General Bldg Contractors - Residential Bldgs (1520), General Bldg Contractors - Nonresidential Bldgs (1540), Land Subdividers & Developers (No Cemeteries) (6552)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

Keywords

• Residential property development
• Commercial real estate
• Slum rehabilitation
• Affordable housing
• Real estate construction

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Residential Property Sales: HDIL generates revenue primarily from selling residential apartments and housing units across various price points from affordable housing to premium residences. Properties range from 1 BHK to 4 BHK apartments in tower and township formats.
2. Commercial & Retail Property Sales: Revenue from commercial office spaces and retail mall units including premium office complexes and shopping centers.
3. Slum Rehabilitation Projects: HDIL undertakes slum rehabilitation projects under the Government scheme administered by the Slum Rehabilitation Authority (SRA), offering development rights in exchange for clearing and redeveloping slum lands while providing replacement housing for displaced slum dwellers. This model provides revenue through development rights and project fees.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

HDIL develops and sells residential, commercial, retail, and industrial real estate properties in the Mumbai Metropolitan Region, offering apartments ranging from 1 BHK affordable housing to 4 BHK luxury residences, office complexes, retail malls, and industrial parks. The company also undertakes large-scale slum rehabilitation projects under government schemes administered by the Slum Rehabilitation Authority (SRA), converting slum-occupied land into development-ready land while providing replacement housing for displaced communities.

Product overview

HDIL (Housing Development & Infrastructure Limited) is one of India's largest real estate development companies operating primarily in the Mumbai Metropolitan Region. The company operates as a single-brand portfolio of real estate projects across multiple segments: Residential (including premium towers like Majestic Tower, Whispering Towers, Metropolis Residences, and affordable housing projects like Residency Park I/II, Premier Residencies, and Paradise City township), Commercial & Retail (including Dreams Mall, Kaledonia, HDIL Towers), Industrial (HDIL Industrial Park in Virar), and Slum Rehabilitation (including the Mumbai Airport Rehabilitation Project). The portfolio spans over 100 million sq.ft. of construction with rehabilitation of around 30,000 families. The company was ranked as India's fastest growing real estate company by Construction World-NICMAR in October 2007 and is currently undergoing Corporate Insolvency Resolution Process (CIRP) since August 2019.

Differentiator

Problem solved

Functional benefit

Products and services

• Majestic Tower Residential project in Nahur (W), Mumbai with 4 wings, 6 podiums and 39 residential floors, featuring basketball court, club house, gym, swimming pool, tennis court, and other amenities.
• Whispering Towers Luxury residential project in Mulund West with 2, 2.5 and 3 BHK apartments in a Ground + 45 storied building featuring Italian marble flooring, club house, swimming pool, gymnasium, and high-speed elevators.
• Residency Park II Affordable housing project in Virar West with 7 wings and 7 storeys each, located 2 km from Virar railway station with modern amenities including clubhouse, swimming pool, rain water harvesting, and earthquake resistant structures.
• Premier Exotica Residential project in Kurla West with 2 buildings each with 12 residential floors offering 1, 2, 3 and 4 BHK well-planned apartments with vitrified flooring, intercom connectivity, fire fighting facilities, and club house.
• Harmony Residential 11-storied residential structure in Goregaon West with 7 floors of residential 2 BHK apartments, featuring tennis court, club house, children's play area, 2-screen Broadway Multiplex, and food court in the same complex.
• Metropolis Residences Premium residential complex in Andheri West with 2, 3 and 4 BHK apartments in a 27-storied tower, featuring superior vitrified flooring, landscaped garden, club house with swimming pool, gymnasium, and closed circuit security.
• Galaxy Apartments Residential project in Kurla East with elegantly designed 1 and 2 BHK apartments in multi-storeyed towers featuring anodized French windows, Jaquar bathroom fittings, and children's play area across 6 wings and 15 residential floors.
• Paradise City Mega residential township across 160 acres in Palghar West featuring shopping centers, market, multiplex, club house, gymnasium, jogging track, landscape gardens, hospital, and educational establishments. Offers 1 RK, 1 BHK, and 2 BHK apartments.
• Dheeraj Affaire Completed residential project in Bandra West with area of 138,750 sq.ft., built in 2004.
• Hill View Completed residential project in Borivali East with area of 153,613 sq.ft., built in 2007.
• Dheeraj Enclave Residential project in Kandivali East with features including fire fighting facilities, private space, and tennis court.
• Dheeraj Solitaire Completed residential project in Malad West with area of 153,000 sq.ft., built in 2008.
• Residency Park Landmark residential project in Virar West with 19 wings of 7 storeys each offering well planned 1, 2 and 3 BHK apartments, located 2 km from Virar railway station with fire fighting facilities, intercom, pool, and rain water harvesting.
• Premier Residencies Affordable housing project in Kurla West extending over 7 acres offering 1 and 2 BHK well-planned apartments with ionized French windows, Kohler/Jaquar bathroom fittings, indoor games room, and landscaped gardens.
• Dreams Completed residential project in Bhandup West with area of 1,800,000 sq.ft., completed in 2007.
• Dreams Mall Commercial mall in Bhandup West with multiplex, retail outlets, and premium corporate offices, designed by architect Hafeez Contractor with floor to floor height of 4200mm, earthquake resistant design, CCTV coverage, and advanced fire safety systems.
• Kaledonia Destination commercial centre in Andheri East featuring the tallest atrium in India with height of 42 meters, total area of 610,545 sq.ft. with Ground + 10 floors, 6 Schindler passenger elevators, 2 service elevators, and basement parking for 300 cars.
• HDIL Towers Commercial building in Bandra East completed in 2005 with area of 250,000 sq.ft.
• Mumbai Airport Rehabilitation Project Largest Urban Rehabilitation Scheme in India under the Mumbai Airport expansion, covering approximately 85,000 hutments with approved FSI of 4, aiming to free 275 acres of encroached airport land. Phase 1 includes rehabilitation of about 20,000 slum dwellers with social infrastructure including 250-bed hospital, school, and community centre.
• HDIL Industrial Park Industrial park in Virar East with well-planned infrastructure, spacious design and layouts, located at prime sites with easy access to public transport and national highways.

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Prestige Estates Projects: South-India based listed real estate developer with diversified residential, commercial, retail, and hospitality portfolio. Comparable to HDIL as a major listed Indian real estate company with a multi-vertical integrated business model.
• Brigade Enterprises: Bengaluru-headquartered listed real estate developer with residential, commercial, retail, and hospitality verticals. Comparable to HDIL as a top-tier listed Indian real estate developer with a multi-segment integrated portfolio.
• Mahindra Lifespace Developers: Mumbai-headquartered listed residential developer with national presence in integrated cities and residential projects. Comparable to HDIL at the listed-Indian-real-estate level, particularly in MMR and affordable housing.
• DLF Limited: India's largest listed real estate developer by market cap, with broad residential, commercial, and retail exposure. Comparable to HDIL at the listed-Indian-real-estate-company level, though DLF is diversified across NCR and other metros while HDIL is Mumbai-concentrated.
• Godrej Properties: NCR/Mumbai-listed residential developer with a national footprint across residential and township projects. Comparable as a top-five listed Indian real estate developer with strong brand recognition and project execution capability.
• Shapoorji Pallonji Real Estate: Mumbai-headquartered legacy developer with residential and commercial projects across India. Comparable to HDIL in Mumbai luxury residential and large-scale redevelopment work, including slum/redevelopment expertise.
• Sobha Limited: Bengaluru-based listed real estate developer with backward-integrated construction capabilities. Comparable to HDIL in terms of listed-Indian-real-estate profile and emphasis on in-house execution of residential projects.

Direct peers

• Oberoi Realty: Mumbai-focused premium residential and commercial real estate developer. Direct competitor to HDIL's premium residential (Whispering Towers, Metropolis Residences) and commercial segments (Kaledonia, HDIL Towers) within the same Mumbai micro-markets.
• Lodha Group (Macrotech Developers): India's largest luxury residential developer by sales, headquartered in Mumbai Metropolitan Region. Closest direct peer to HDIL given MMR focus, residential-for-sale builder model, and large-scale township development approach. Listed on Indian exchanges post-2021 IPO.

Emerging players

• Hiranandani Group: Mumbai-based private real estate developer known for large-scale townships (Powai, Thane) and mixed-use commercial developments. Comparable to HDIL in Mumbai township execution and premium residential/commercial mixed-use expertise, though privately held.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/hdilindia
• LinkedInlinkedin.com/company/hdil

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HDIL