In a setback for HDIL, Maharashtra Housing and Area Development Authority (MHADA) has accused its subsidiary - Guruashish Construction of a Rs 1,200 crore fraud. In an interview with CNBc-TV18, Sarang Wadhawan, Vice Chairman & Managing Director of HDIL spoke about the latest happenings in his company and sector.

Doing one-time settlement with banks for subsidiary debt: HDIL

HDIL has been reeling under pressure as the National Company Law Tribunal (NCLT) has initiated proceedings against its subsidiary. In an interview to CNBC-TV18 Sarang Wadhawan, VC & MD of the company shared his views on the same.

HDIL will be doing some FSI sales to reduce debt

In an interview to CNBC-TV18, Hariprakash Pandey, VP-Finance at HDIL spoke about the results and his outlook for the company.

Passage of RERA bill is a landmark achievement: HDIL's Pandey

In an interview to CNBC-TV18, Hariprakash Pandey, VP-Finance at Housing Development and Infrastructure (HDIL) spoke at length about RERA.

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.

Will launch affordable housing projs around Diwali: HDIL

Sarang Wadhawan, vice chairman and managing director, HDIL, says the first phase of the affordable housing project will be to develop five million square feet area.

Hike in FSI premium, ready reckoner rates negative: HDIL

According to Sarang Wadhawan, vice-chairman and managing director of HDIL, builders are likely to pass through the complete increase.

Will use proceeds from sale of Guj plot to pare debt: HDIL

Mumbai-based HDIL has put up a 113 acre industrial plot for sale, the company said in statement today. Speaking to CNBC-TV18, VP Finance Hariprakash Pandey said proceeds from the sale would be used to pare debt.

FSI hike may lead to new breed of developers: Knight Frank

The Brihanmumbai Municipal Corporation (BMC, in its 20 year development plan, increased the FSI to a maximum of 8. FSI is the ratio of the permissible built-up area to the plot area and was 1.33 for Mumbai city and 1 for the suburbs.

To reduce debt by Rs 2500 cr over next few months: HDIL

HDIL plans to sell its Planet HDIL Project in Virar at Rs 4500-5000 per square feet, adding that the project will not affect the company‘s debt position

Seeing improved sentiments; no serious charges in FIR: HDIL

Sarang Wadhawan, vice-chairman and managing director of HDIL says the overall sentiment among investors has improved. He adds that volumes of residential projects is seeing improvement.

Expect to reduce debt by 15% by FY15-end: HDIL

"Our Andheri projects will be completed soon and we expect to achieve realisation of Rs 300 crore," Sarang Wadhawan, Vice Chairman & MD, HDIL said.

No money was paid to revoke pledged shares: HDIL

The shares of HDIL surged over 4 percent on the news of promoters revoking all pledged equity shares with IL&FS Trust Co.

Will pare debt to Rs 2300cr; prices to rise by 20%: HDIL

Sarang Wadhawan, vice chairman & managing director, HDIL says Mumbai realty's ticket size will be in the Rs 1.2-1.5 crore range.

Seen good cash flow in Q3; maintain debt guidance: HDIL

HDIL's Hariprakash Pandey says the company is on track to reduce its debt by 12-15 percent by FY14.

Balance land under TDR to be monetised gradually: HDIL

HDIL has about 1 million square feet of land under TDR (transfer of development rights). The ongoing projects which were part of the airport scheme will not get affected, according to the company.

Exposure to HDIL limited, says BoI ED

Bank of India has a loan exposure to HDIL. However, N Seshadri, ED, Bank of India told CNBC-TV18 that their exposure is very limited and it is not concerning.

Cut HDIL links in '09; biz dull on approval clamp: Dewan

Kapil Wadhwan, MD, Dewan Housing Finance Corporation clarifies on CNBC-TV18 that his company severed all links, including cross-ownerships, directorships, intercorporate loans and joint holdings, with HDIL since 2009.

Sold 1% equity on Tuesday to fund land buy: HDIL's Wadhawan

"We are aiming at debt reduction; this move was primarily to fund the land acquisition we had entered into about a year back," Wadhwan explained to CNBC-TV18.

HDIL eyes revenues of Rs 2500 cr in FY13

In an interview with CNBC-TV18, Sarang Wadhawan, VC & MD, HDIL said that they have not managed to do a great deal with the Transfer of Development Right (TDR) sales largely due to the lack of clarity about development control regulations (DCR). The company is expecting TDR sales to pick up from the next quarter.

To focus on housing over TDRs, for next few quarters: HDIL

Real estate builder and developer Housing Development and Infrastructure (HDIL) is all set to shift its focus towards the housing projects over the Transfer of Development Rights (TDRs) market for the forthcoming quarter, says vice chairman and managing director, Sarang Wadhawan.

HDIL hopeful for a twist of tale on DLF verdict going ahead

Days after Competition Commission of India (CCI) struck a blow of Rs 630-crore penalty on real estate major DLF, rival company HDIL stands by the industry, specifying that everything is in black and white.

MMRDA move a big positive for co; TDR will rise ahead: HDIL

Apparently, the MMRDA has started moving slum based families away for the Mumbai airport rehabilitation project to the Kurla facility. Sarang Wadhawan, MD, HDIL said it’s a big positive development for the company.