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Housing Development & Infrastructure Ltd. Company History and Annual Growth Details

We are part of the Wadhawan Group, which was founded by the late Mr. Dewan
Kuldip Singh Wadhawan in 1973. The Wadhawan Group was founded for the purpose
of land aggregation, land management, land development and construction of residential,
commercial and retail units, townships and infrastructure. Initially, the Wadhawan Group
was also involved in the marketing of residential, commercial and industrial plots. In 1973
the first residential building named 'Kapil Kunj' at Vasai was completed by the Wadhawan
Group. In 1978, all the projects of the Wadhawan Group came under the brand name of 'Dheeraj.'

As of December 31, 2006, the Wadhawan Group has developed (including our developments)
approximately 72.8 million square feet of saleable area and, additionally, has constructed
approximately 5.5 million square feet of rehabilitation area under slum rehabilitation schemes.

Our Company was incorporated on July 25, 1996 as Housing Development and Improvement
India Private Limited, with the objective of developing large-scale real estate projects including
residential, commercial and retail projects such as shopping malls, multiplexes and integrated
townships and partnering in development of public infrastructure.

Since our incorporation in 1996, we have developed and constructed 23 projects covering
approximately 11.0 million square feet of saleable area, including approximately 5.7 million square
feet of land sold to other builders after Land Development, all in the Mumbai Metropolitan Region.
We also have constructed an additional 2.0 million square feet of rehabilitation area under slum
rehabilitation schemes.

Key Events and Milestones

Year Month Key Events, Milestones and Achievements

2001 January 'The Mall' project in Malad, Mumbai built by our subsidiary, Privilege Power and
Infrastructure Private Limited (earlier known as Dewan Investments Private Limited)
2004 March Purchase of 30 acres of land from Automobile Products India Limited on LBS Marg,
Near Bhandup Station, Mumbai for our 'Dreams' Project.
2005 January 548 units in 'Dreams' project on LBS Marg, Near Bhandup Station, Mumbai sold on
the first day of opening of the booking
2005 March Completion of 'Dheeraj Arma' comprising commercial premises in Bandra (East),
Mumbai
2005 May Sale of FSI measuring 0.5 million sq. feet at Bandra Kurla Complex, Mumbai to
Wadhwa Constructions.
2005 May Sale of FSI measuring 0.7 million sq. feet at Mulund, Mumbai to Nirmal Lifestyles.
2005 August Sale of FSI measuring 10.7 million sq. feet at Virar to Evershine Developers.
2006 April Receipt of in-principal approval by our subsidiary Privilege Power & Infrastructure
Private Limited from the Government of India for establishing a multi-product Special
Economic Zone at Vasai, District Thane, Maharashtra
2006 May

-MoU with the Adani Group for the sale of rights in land measuring 1.7 million sq. feet at
Bandra Kurla Complex, Mumbai

2006 November

-Receipt of in-principle approval by us from the Government of India for establishing a

-Special Economic Zone for the multi service sector at Vasai, District Thane, Maharashtra

2007

-Housing Development & Infrastructure Ltd (HDIL) has entered into an MOU for purchase of 8.32 acres of property belonging to Kilburn Engineering Ltd situated at Bhandup for a total consideration of Rs 124,70,00,000.

-HDIL enters into MOU for purchase of property belonging to Kilburn Engineering

2008

-The Company has issued Bonus Shares in the Ratio of 2:7.

2009

-HDIL Announces Launch of Majestic Tower
-MMRDA and HDIL Jointly Announce Largest Rental Housing Project


2010

-HDIL launches Metropolis Tower with a prestigious deal with Future Group

-HDIL to launch new Slum Rehabilitation project at Santacruz

-HDIL launches Residency Park in Virar West