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HDIL pre-sales down by 35-40% due to note ban

Realty firm HDIL reported 84 percent decline in its consolidated net profit at Rs 16.22 crore for the quarter ended December on lower sales. “Pre-sales of HDIL in the third quarter were significantly lower and we have seen at least 45-50 percent decline in pre-sales,” said Hariprakash Pandey, company‘s VP-Finance.


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