Land bank monetisation not an issue: HDIL

Written By Unknown on Sabtu, 28 Desember 2013 | 23.25

Dec 27, 2013, 08.47 PM IST

In a conversation with CNBC-TV18's Manasvi Ghelani, HDIL's vice chairman and managing director Sarang Wadhawan expressed confidence that forth coming project pipeline will boost the company's sales.

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Land bank monetisation not an issue: HDIL

In a conversation with CNBC-TV18's Manasvi Ghelani, HDIL's vice chairman and managing director Sarang Wadhawan expressed confidence that forth coming project pipeline will boost the company's sales.

Like this story, share it with millions of investors on M3

Land bank monetisation not an issue: HDIL

In a conversation with CNBC-TV18's Manasvi Ghelani, HDIL's vice chairman and managing director Sarang Wadhawan expressed confidence that forth coming project pipeline will boost the company's sales.

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Real estate developer  HDIL booked residential income of about Rs 350 crore during the last quarter. In a conversation with CNBC-TV18's Manasvi Ghelani, HDIL's vice chairman and managing director Sarang Wadhawan expressed confidence that forth coming project pipeline will boost the company's sales.

"I am expecting our debt to go down anywhere between 10 to 15 percent over this quarter. We are well on the way towards that. I am hoping that maybe over the next two months time you will see a drop in HDIL's debt figure. These are self-liquidating loans which were based on approvals. Now while we have no problem getting the approvals, it depends on the other businesses that we have sold the FSI to, to actually make the payments," he told the channel.

"We are monetising our land banks. We will never had any problem in selling FSI or selling TDR or selling flats or commercial premises. We are in all fields. We never get attached to a property. If the property has value and if we can monetise it well enough, we will monetise it," he says.


HDIL stock price

On December 27, 2013, Housing Development and Infrastructure closed at Rs 53.95, down Rs 0.6, or 1.1 percent. The 52-week high of the share was Rs 123.95 and the 52-week low was Rs 26.10.


The latest book value of the company is Rs 243.00 per share. At current value, the price-to-book value of the company was 0.22.

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