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Company Overview

HDIL Group ­ ­ ­ ­ ­ ­ ­ HDIL listed on BSE/NSE in July 2007 Over three Decades of expertise in the Real Estate Business Developed over 100 million sq. ft. area A major player in Mumbai Realty with 90% land Reserves in the Mumbai Metropolitan Region (MMR) Total Land Reserves (including TDR) of *240.94 million sq. ft. as on 30th September, 2010 Market Leader in Residential and SRA projects in the Mumbai Metropolitan Region (MMR) Currently executing the largest SRA project for rehabilitation of approx. 85,000 slum dwellers under expansion & modernization of Chhatrapati Shivaji International Airport, Mumbai Approx. 33,000 housing Rehabilitation Project units under construction for MIAL Slum

Company Profile

­ ­ ­ ­ ­

Currently approx 87 million sq. ft. sale area of projects under construction 20 ongoing projects with a combination of Residential, Commercial & SRA Forthcoming residential launches of approx. 27 mn sq.ft in the next six months More than 5000 Residential apartments sold Strong track record of performance, consistent growth and profitability Strong track record of performance, consistent growth and profitability

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* Company estimates

Largest Player in Mumbai Metropolitan Region (MMR)

Virar

Ongoing Projects

Churchgate to Vitar (52 kms)

Bandra to Vitar (30 kms)

Vasai-Virar belt (Part of Thane Vasai-Virar belt (Part of Thane district) Preferred residential district) Preferred residential destination, well connected with rail destination, well connected with rail and road network and road network Majority Majority of of Mumbai's Mumbai's working working population resides in this region population resides in this region Potential business destination/ Potential business destination/ district district HDIL is one of the largest land holders HDIL is one of the largest land holders in this area in this area

Bandra

Major potential for slum Major potential for slum rehabilitation and redevelopment rehabilitation and redevelopment Major investment in infrastructure in Major investment in infrastructure in the region the region Phase II of the MIAL project nearing Phase of the MIAL project nearing completion completion

Residential: · Metropolis · Ghatkopar · Kurla Premier Phase I · Kurla Premier Phase II · Majestic Towers · Whispering Towers- Phase I · Whispering Towers- Phase II · Galaxy · Residency Park- Virar · Exotica · Meadows Phase I · Meadows Phase II · Kharadi* · Daulat Nagar · Ekta Nagar · Palghar Township · Popular Car Bazaar · Kochi

BKC

Old business district of Mumbai Old business district of Mumbai Exploring potential options in South Exploring potential options in South Mumbai Mumbai

Churchgate

Commercial:

· Metropolis · Kurla Premier Worli Commercial · HDIL Industrial Park Popular Car Bazaar

Total Land in MMR >200 million sq. ft. Total Land in MMR >200 million sq. ft.

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Diversified Project Mix

Ongoing Projects

Segment wise Project Breakup

Ongoing Projects

34.48 mn

Residential 40%

SRS/Redevelopment54%

46.89 mn

Commercial and Retail- 6%

5.58 mn

20 Ongoing Projects aggregating 86.95 million sq. ft. 20 Ongoing Projects aggregating 86.95 million sq. ft.

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Ongoing Projects-Residential

Residential Projects as of 30th September 10

Project Premier Residency- Phase I Metropolis Harmony Galaxy Majestic Virar Residency Meadows Phase I Exotica Whispering Towers- Phase I Total Location Kurla Andheri (West) Oshiwara Kurla Bhandup Virar Goregaon Kurla Mulund Saleable Area (in sf) 1,000,000 650,000 43,858 475,000 1,300,000 1,250,000 1,000,000 700,000 800,000 7,218,858 Total Residential Portfolio of Approx. 35 mn sq.ft Total Residential Portfolio of Approx. 35 mn sq.ft

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Launch Rate (in Rs.) 5251 7551 8451 4251 5751 2521 7740 6851 6851

Current Rate (in Rs.) 6551 12,500 8750 5544 6201 3200 8280 7101 7020

Forthcoming Projects-Residential

Project Popular Car Bazaar Ekta Nagar Palghar Township Whispering Towers- Phase II Meadows- Phase II Daulat Nagar Premier Residency- Phase II Ghatkopar Kochi Total Total Residential Portfolio of Approx. 35 mn sq.ft Total Residential Portfolio of Approx. 35 mn sq.ft

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Location Andheri Kandivali Palghar Mulund Goregaon Santacruz Kurla Ghatkopar Kochi

Saleable Area (in sf) 800,000 1,500,000 11,797,089 800,000 3,600,000 800,000 800,000 509,457 6,299,640 26,906,186

Ongoing Projects- Commercial and Retail

Commercial and Retail Projects as of 30th September 10

Project Kurla Premier Metropolis Harmony HDIL Industrial Park Popular Car Bazaar Worli Commercial Total

Location Kurla Andheri (West) Oshiwara Virar Andheri Worli

Saleable Area (in sf) 2,000,000 1,220,000 349,456 1,500,000 400,000 110,000 5,579,456

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Ongoing Projects- SRA

Slum Rehabilitation Projects as of 30th September 10

Project MIAL Slum Rehabilitation Project (TDR) Meadows (Phase I and II) Ekta Nagar Bandra (East) SRS Scheme I Bandra (East) SRS Scheme II Malad (West) Ghatkopar Daulat Nagar Total

Location Mumbai Goregaon Kandivali Bandra-Kurla Complex Bandra-Kurla Complex Malad Ghatkopar Santacruz

Saleable Area (in sf) 41,131,000 1,800,000 950,000 1,882,756 159,074 117,205 350,000 500,000 46,890,035

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Focus on Execution

· · Approximately 87 million sq.ft of projects under construction Major Contractors

Ahluwalia Contracts (India) Limited Techno Housing Construction India Private Limited Pragmatic Infrastructure Limited

· ·

1) 2) 3) 4)

Over 350 Civil Engineers/ Architects recruited over a period of one year Execution Strengths:

Average Steel Consumption Ready Mix Concrete Cement Labors More than 300 tons per day More than 5000 cubic per day Approx. 10000 bags per day More than 10000 labors across all sites Operating Staff increased by 2 times in the last one year Operating Staff increased by 2 times in the last one year

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Business Update

HDIL along with its subsidiaries has entered into an MOU for sale of FSI of approx. Rs. 650 crores in the month of October, 2010. Novinon Property (IDA) of 13 million sq.ft added to Residential Projects (Planned) Forthcoming Residential projects to be launched, approx. 27 million sq.ft Launch of affordable township project in Palghar Launch of Kochi integrated villa schemes: Total Villas- 850 HDIL has applied for redevelopment of Motilal Nagar under Swiss challenge to MHADA. Expected Saleable area of 15 million sq.ft on allotment of project.

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Residential Projects- Construction Update

Metropolis

Meadows

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1

Premier Residency- Kurla (W)

Week 4, September 10

Week 3, July 10

Location Launch Date

Kurla (W) 6th March, 2009

Total Saleable Area 10,00,000 sq. ft. Average Size Type Units offered Sold 1,000 sq. ft. 1 BHK/2 BHK 1,050 > 95%

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2

Galaxy- Kurla (E)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Type Units offered Sold

Kurla (E) 10th April, 2009 4,75,000 sq. ft. 600 sq. ft. 1 BHK/2 BHK 450 > 90%

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3

Metropolis- Andheri (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Type Units offered Sold

Andheri (W) 20th March, 2009 6,50,000 sq. ft. 1,500 sq. ft. 2 BHK/3 BHK/4 BHK 414 > 95%

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4

Majestic- Bhandup (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Type Units offered Sold

Bhandup (W) 29th October, 2009 13,00,000 sq. ft. 1,100 sq. ft. 2 BHK/3 BHK 1,000 > 40%

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5

Residency Park- Virar (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Type Units offered Sold

Virar (W) January, 2010 12,50,000 sq. ft. 650 sq. ft. 1 BHK/2 BHK 728 > 75%

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6

Harmony- Goregaon (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Units offered Sold

Goregaon (W) May, 2010 43858 sq. ft 1160-1180 sq. ft 38 ~ 95%

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7

Meadows- Goregaon (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area

Goregaon (W) June, 2010 46,00,000 sq. ft

Residential Area- Phase 1 10,00,000 sq.ft Average Size Units offered (Phase 1) Sold 1256 sq. ft 652 ~ 75%

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8

Whispering Towers- Mulund (W)

October, 2010

Location Launch Date Saleable Area (Phase 1) Average Size Units offered (Phase 1) Sold

Mulund (W) October, 2010 8,00,000 sq. ft 1352 sq.ft 594 > 40%

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Daulat Nagar, Santacruz (W)

Location

Santacruz (W) Rehabilitation work in progress

Status

Rehabilitation Area

5,00,000 sq. ft

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Commercial Projects- Construction Update

Harmony

Metropolis

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1

Premier- Kurla (W)

Week 4, September 10

Week 3, July 10

Location

Kurla (W)

Total Saleable Area 20,00,000 sq. ft. Type Average Lease Rent Pre-Leasing Lease Model ~ Rs. 80/ sq. ft ~ 20%

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2

HDIL Industrial Park- Virar (W)

Week 4, September 10

Week 3, July 10

Location Launch Date

Virar (E) September, 2009

Total Saleable Area 15,00,000 sq. ft. Units offered Sold 1068 ~90- 95%

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3

Metropolis- Andheri (W)

Week 4, September 10

Week 3, July 10

Location Launch Date

Andheri (W) July, 2009

Total Saleable Area 10,20,000 sq. ft. Type Average Lease Rent Pre-Leasing Lease Model ~ Rs. 140/ sq. ft ~ 20%

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4

Harmony- Goregaon (W)

Week 4, September 10

Week 3, July 10

Location Launch Date Total Saleable Area Average Size Units offered Sold

Goregaon (W) May, 2010 65,850 sq. ft 250-600 sq. ft 163 ~ 75%

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MIAL Rehabilitation Project: Uplifting face of Mumbai

13 4

3

HIGHLIGHTS

2

22 5 8 9 6 11 10

7 1

21 12 31 23 20 15 14 31A

4

18 28 17 25 19

16

PRIORITY 1 PRIORITY 2 PRIORITY 2A PRIORITY 3

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30 32

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Largest Urban Rehabilitation Scheme in India Rehabilitation > 1 million people No. of Hutments ­ 85,000 approx. Scale similar to Town Planning & Urban Renewal Scheme Vital Public Infrastructure Project. Approved FSI of 4 Airport Modernization & Expansion Provide World Class Infrastructure Generation of more than 10,000 jobs over next few years

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MIAL Project would help in uplifting the face of Mumbai MIAL Project would help in uplifting the face of Mumbai

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MIAL Rehabilitation Project- Phase 1

9.2 mn sq ft of rehabilitation area 1 mn sq ft of amenities

No. of Families

HIGHLIGHTS Premiere 22,000 8 mn. May 08 > 75 % Kurla 2000 0.5 mn. May 08 > 75 % Bhandup 2500 0.7 mn. Sep 09 >25%

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25,000 apartments Completed > 75% (in 2 yrs) Relocation < 1 month

Rehab. Area (Sq. ft.) Project Start Date Work completd

Progress of MIAL Phase I and Phase II Rehab. Sites

HIGHLIGHTS Premiere (I and II) No. of Families Rehab. Area (Sq. ft.) Project Start Date Work completd ~22,000 8 mn. May 08 > 75 % HIGHLIGHTS Bombay Oxygen Popular Car Bazaar Mahul Kurla ~2000 0.5 mn. May 08 > 75 % Bhandup ~2500 0.7 mn. Sep 09 >25%

No. of Families Rehab. Area (Sq. ft.) Project Start Date

~ 3,000 1.2 mn Oct 10

~2500 1 mn Nov 10

~1000 0.5 mn Nov 10

Approx. 33,000 housing units under construction Approx. 33,000 housing units under construction

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Virar Rental Housing Project

HIGHLIGHTS

RENTAL HOUSING SECTOR RENTAL HOUSING SECTOR

FREE SALE HOUSING SECTOR FREE SALE HOUSING SECTOR

Largest Rental Housing Scheme in MMR since 1947 Development of 525 acres aggregating to 56 million sq. ft. of built up area - FSI of 4 Completion in 4 phases by 2015 Approx. 40,000 rental units of 160 sq. ft. carpet area aggregating to 13 million sq. ft. of built up area to be given to MMRDA free of cost HDIL to generate 50 million sq. ft. of saleable area Revenue visibility from sale of FSI as well as constructed area Development of 4 million sq. ft. of Social Infrastructure Environment Management Plan

Executing Largest Rental Housing Scheme in Mumbai Metropolitan Region since 1947 with MMRDA Executing Largest Rental Housing Scheme in Mumbai Metropolitan Region since 1947 with MMRDA

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Hospitality Project- Juhu, Mumbai

Operator- Hilton Brand- Conrad Management Agreement signed with Hilton hotels for 20 years Hotel Description­ ­ ­ ­ ­ ­ ­ ­ ­ 5 star Approx. 240 rooms One All day dining Three Specialty restaurants Night Club Executive lounge, Lounge Bar Pool Retail segment Spa and Fitness, Banquet and Conference

HDIL owns 45% stake in the Hospitality Business HDIL owns 45% stake in the Hospitality Business

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Project Completion Deadline- 2014

Hospitality Project- Andheri, Mumbai

Group- Intercontinental Hotel Group Brand- Crown Plaza Business/ Leisure Hotel Hotel Description- 5 star - Approx. 200 rooms - One All day dining - Three Specialty restaurants - Night Club - Executive lounge, Lounge Bar - Pool - Retail segment - Spa and Fitness, Banquet and Conference Project Completion Deadline- 2013

HDIL owns 100% stake in the project (part of Metropolis Commercial project) HDIL owns 100% stake in the project (part of Metropolis Commercial project)

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Financial Overview

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Housing Development and Infrastructure Limited

Financial Performance/ Ratios

Stand alone Particulars Quarter ended Growth 30/09/2010 Turnover (Net) Other Income Total Income 372.65 33.88 406.53 30/09/2009 353.70 27.35 381.05 5.36% 23.88% 6.69% 30/09/2010 372.65 33.88 406.53 30/06/2010 450.92 34.21 485.13 -17.36% -0.97% -16.20% Quarter ended Growth Rs. In crores

PBT PBT % to income

248.31 61.08%

187.61 49.24%

32.35%

248.31 61.08%

278.23 57.35%

-10.75%

EBIDTA EBIDTA % to income

271.10 66.69%

207.04 54.33%

30.94%

271.10 66.69%

301.60 62.17%

-10.11%

PAT PAT % to income

212.86 52.36%

148.59 38.99%

43.25%

212.86 52.36%

234.31 48.30%

-9.15%

Net worth Debt*** Debt Equity ratio EPS-Basic Inventories

9,111.98 4,133.32 0.45 5.67 9,236.93

6,644.14 3,271.14 0.49 4.34 7,179.54

37.14% 26.36%

9,111.98 4,133.32 0.45 5.67

7,586.07 4,048.63 0.53 6.48 8,731.09

20.11% 2.09%

28.66%

9,236.93

5.79%

*** Cash on 30/09/10 = 1203.72 Investment in Mutual funds= Approx. 300 crores Net Debt = 2619.51 Net Debt/ Equity = 0.29

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Housing Development and Infrastructure Limited

Balance Sheet as at

Schedules SOURCES OF FUNDS Shareholders' funds Share capital Reserves and surplus Share warrant Loan funds Secured loans Deferred tax liability (Net) C 41,333,165,199 D Total APPLICATION OF FUNDS Fixed assets Gross block Less : Accumulated depreciation Net block Capital work-in-progress Investments Current assets, loans and advances Inventories Sundry debtors Cash and bank balances Other current asset Loans and advances Less : Current liabilities and provisions Current liabilities Provisions Net current assets F G H I J K 92,369,320,987 4,507,989,941 12,037,191,531 22,625,402 26,775,783,604 135,712,911,465 13,606,877,801 786,470,633 14,393,348,434 121,319,563,031 132,514,705,348 E 1,846,959,403 109,738,132 1,737,221,271 26,510,546 1,763,731,817 9,431,410,500 71,795,403,246 3,308,765,173 1,103,371,856 18,690,368 23,412,070,900 99,638,301,543 6,549,194,497 (7,357,479) 6,541,837,018 93,096,464,525 99,182,869,787 951,990,387 65,869,105 886,121,282 122,613,843 1,008,735,125 5,077,670,137 61,726,208 132,514,705,348 32,711,377,919 30,044,903 99,182,869,787 A B 4,150,039,860 85,136,374,081 1,833,400,000 91,119,813,941 3,458,426,760 60,413,020,205 2,570,000,000 66,441,446,965 30-Sep-2010 (Unaudited) (Amount in `) 30-Sep-2009 (Unaudited) (Amount in `)

L M

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Housing Development and Infrastructure Limited

Schedules Profit and Loss Account for the period ended Quarter ended Quarter ended Quarter ended 30-Sep-2010 30-Sep-2009 30-Jun-2010 (Unaudited) (Unaudited) (Unaudited) (Amount in `) (Amount in `) (Amount in `) 3,726,501,470 338,832,362 4,065,333,832 369,231,821 (5,427,699,793) (31,089,265) R S T U S 4,893,236,104 1,298,874,316 98,161,475 153,627,011 211,905,025 15,952,117 1,582,198,811 2,483,135,021 346,300,000 110,600 8,154,904 2,128,569,517 8,172,499,769 9,347,799 10,310,417,085 10,310,417,085 5.67 5.60 3,536,963,857 273,466,401 3,810,430,258 13,186,938 (3,755,998,248) 4,330,903,940 927,316,546 55,939,420 168,633,358 184,981,453 9,369,045 1,934,332,452 1,876,097,806 386,500,000 157,579 3,530,352 1,485,909,875 7,128,943,298 8,614,853,173 8,614,853,173 4.34 4.24 4,509,244,227 342,146,957 4,851,391,184 (928,946,263) (6,045,282,746) (99,781,625) 7,473,768,492 1,188,536,584 103,658,906 143,520,381 214,498,579 19,155,565 2,069,127,873 2,782,263,311 438,800,000 113,300 239,459 2,343,110,552 5,829,241,346 147,871 8,172,499,769 8,172,499,769 6.48 6.40 Six months ended 30-Sep-2010 (Unaudited) (Amount in `) 8,235,745,697 680,979,319 8,916,725,016 (559,714,442) (11,472,982,539) (130,870,890) 12,367,004,596 2,487,410,900 201,820,381 297,147,392 426,403,604 35,107,682 3,651,326,684 5,265,398,332 785,100,000 223,900 8,394,363 4,471,680,069 5,829,241,346 9,495,670 10,310,417,086 10,310,417,086 12.13 11.97 Six months ended 30-Sep-2009 (Unaudited) (Amount in `) 6,490,428,079 506,127,767 6,996,555,846 283,679,953 (7,662,124,033) (215,799,400) 8,512,487,833 2,227,316,750 109,183,940 277,641,596 353,822,767 17,866,164 3,904,075,570 3,092,480,276 525,600,000 233,579 6,029,711 2,560,616,986 6,054,236,187 Year ended 31-Mar-2010 (Audited) (Amount in `) 14,919,917,617 1,075,907,120 15,995,824,737 (391,507,225) (15,528,157,615) (690,716,779) 19,147,668,693 4,366,496,459 260,281,700 638,890,270 788,999,281 51,028,438 8,642,983,222 7,352,841,515 1,300,000,000 568,471 29,316,652 6,022,956,392 6,054,236,187 (56,351,232) 12,020,841,346 6,191,600,000 5,829,241,346 18.23 17.81

INCOME Turnover Other income EXPENDITURE Variation in stock in trade Variation in work-in-progress Transfer to Investment / Fixed assets Cost of construction, Land and development expenses Project specific interest Employees' remuneration and welfare expenses Administrative expenses Interest Depreciation / Amortisation

N O

P Q

Operating Profit before Tax 61% Less :Provision for tax Less:-Provision for wealth tax Less :Deferred tax liability Operating Profit after Tax 52% Balance brought forward from previous year / quarter Add/ Less :Excess/ (Short) Provision for taxation no longer required Profit available for appropriation Appropriations : Less : Transferred to Debenture Redemption Reserve Profit Carried to Balance Sheet Earnings per share - Basic (Amount in `) - Diluted (Amount in `) Equity shares of per value Rs. 10/- each Number of shares used in computing earnings per share Basic Diluted

8,614,853,173 8,614,853,173 8.29 8.17

376,888,962 382,092,690

342,019,306 350,764,325

361,831,687 366,571,406

369,401,465 374,374,458

308,937,758 313,334,160

327,375,278 334,996,367

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Housing Development and Infrastructure Limited

Cash Flow Statement for the period ended

Quarter ended 30-Sep-2010

(Unaudited) (Amount in `) A Cash flow from operating activities Net profit before tax Adjustments for : (1) Depreciation (2) Interest expenses (3) Profit on sale of units of mutual funds (4) Interest received (5) Dividend received (6) Loss on sale of investments (7) Loss on sale of fixed assets Operating profit before working capital changes Movements in working capital : Decrease / (Increase) in inventory Decrease / (Increase) in sundry debtors Decrease / (Increase) in other receivables (Decrease) / Increase in trade and other payables Net movement in working capital Cash generated from operations Less : Direct taxes paid (net of refunds) Net cash from operating activities B 2,483,135,021 15,952,117 211,905,025 (10,602,884) (266,040,931) (620,100) 13,182 35,107,682 426,403,604 (10,602,884) (549,233,324) (620,100) 370,938

Six months ended 30-Sep-2010

(Unaudited) (Amount in `) 5,265,398,332

(49,393,591) 2,433,741,430

(98,574,084) 5,166,824,248

(5,058,467,972) (862,915,533) (2,220,259,044) 1,980,562,550 (6,161,079,999) (3,727,338,569) 263,545,321 (3,990,883,890)

(11,798,988,954) (2,500,814,003) (4,830,848,349) 5,589,927,803 (13,540,723,503) (8,373,899,255) 317,789,078 (8,691,688,333)

*

Cash flows from investing activities (1) (Increase) / Decrease in capital WIP (2) (Increase) / Decrease in investments (net) (3) Interest received (4) Dividend received (5) Purchase of fixed assets (6) Profit on sale of units of mutual funds (7) Sale of fixed assets Net cash from investing activities Cash flows from financing activities (1) Proceeds from borrowings (2) Repayment of borrowings (3) Proceeds from share warrants (4) Increase in share capital including share premium (5) Share issue expenses (6) Interest paid Net cash used in financing activities Net increase in cash and cash equivalents (A + B + C) Cash and cash equivalents at the beginning of the year / quarter Cash and cash equivalents at the end of the year/quarter Components of cash and cash equivalents as at Cash on hand With banks - on current account - on deposit account

(17,184,276) (3,104,856,361) 266,040,931 620,100 (43,699,583) 10,602,884 9,298 (2,888,467,007)

(23,959,150) (3,482,647,844) 549,233,324 620,100 (55,197,898) 10,602,884 258,296 (3,001,090,288)

C

3,900,007,717 (3,053,165,448) 1,833,400,000 11,575,000,116 (281,901,275) (211,905,025) 13,761,436,085 6,882,085,188 5,155,106,343 12,037,191,531 30-Sep-2010 47,704,315 9,574,926,171 2,414,561,045 12,037,191,531

5,013,622,717 (4,197,626,948) 4,173,400,000 11,575,000,116 (281,901,275) (426,403,604) 15,856,091,005 4,163,312,384 7,873,879,147 12,037,191,531 30-Sep-2010 47,704,315 9,574,926,171 2,414,561,045 12,037,191,531

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Annexure 1: SRS

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Slum Rehabilitation Scheme

Initial Stage

Developer appointed/ Developer appoints architects, surveyor, engineer, etc.

Second Stage

Third Stage

Lots of allotment of tenements to participating members/ subsequently for non-participants If non-participants do not agree within 15 days, they are physically evicted from slum site

70% of dwellers from CoOp. Hsg. Soc.

Scrutiny by sub engineer/ Scrutiny fee calculated

Annexure II & III certified by respective authorities

Appt. of Chief Promoter/ Opening of bank account

Developer enters into individual agreements with dwellers

Scrutiny fee paid by developer

LoI, layout, IoA, CC issued

Developers arrange for transit accommodation, either on-site or off-site

All structures demolished and work up to plinth level is completed

Docs (land title etc.) collected/ Plot measured/ Structures Demarcated

Proposal with plans, annexures & documents submitted to SRA

Annexure II submitted for certification/ Annexure III submitted to finance dept.

Draw lots for allotment of transit tenements

After verifying plinth dimensions, SRA grants permission to construct beyond plinth level

Structure survey & no./ Table of house no. prepared

Annexure I scrutinised by engg. dept.

Slum dwelleres shifted to transit camps & hutments demolished/ nonparticipants issued notices

Fifth Stage

Separate property cards for rehabilitation plot, free sale plot & reservation plots prepared Further building permissions/ Occupation permissions granted in due course Lists of allottees prepared / allotment of tenements is made in joint name

Fourth Stage

Building permissions for free sale buildings given in proportion to rehabilitation buildings Plans for further rehabilitation & free sale buildings approved

Rehabilitation buildings completed

Construction of remaining buildings commenced

SRA issues identity cards to slum dwellers

Building & compliance with IoA conditions verified/ Occupation permitted/ Possession as per allotment

Building Completion Certificate submitted by architect

Source: Slum Rehabilitation Authority

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Disclaimer

This investor presentation has been prepared by Housing Development and Infrastructure Ltd ("HDIL"). and does not constitute a prospectus or placement memorandum or an offer to acquire any securities. This presentation or any other documentation or information (or any part thereof) delivered or supplied should not be deemed to constitute an offer.

No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of such information or opinions contained herein. The information contained in this presentation is only current as of its date. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements", including those relating to the general business plans and strategy of HDIL, its future financial condition and growth prospects, future developments in its industry and its competitive and regulatory environment, and statements which contain words or phrases such as `will', `expected to', `horizons of growth', `strong growth prospects', etc., or similar expressions or variations of such expressions. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forwardlooking statements. These risks and uncertainties include, but are not limited to risks with respect to its real estate business, SEZ business and its infrastructure business.

HDIL may alter, modify or otherwise change in any manner the content of this presentation, without obligation to notify any person of such revision or changes. This presentation cannot be copied and disseminated in any manner.

No person is authorized to give any information or to make any representation not contained in and not consistent with this presentation and, if given or made, such information or representation must not be relied upon as having been authorized by or on behalf of HDIL. This presentation is strictly confidential.

38

Thank You

39

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