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Dalal Street


Will HDIL Compete with Mukesh Ambani ?

Monday, December 31, 2007

We have reliably learnt from insiders on Dalal Street that Wadhawan group promoted Housing Development and Infrastructure (HDIL) has already received an in-principle approval from the state government for the special economic zone (SEZ) project. After Bandra-Kurla complex, the Maharashtra government is planning to develop the Kanjurmarg and Vasai-Virar regions as the next business districts, reports suggest.

This will be the second-largest special economic zone (SEZ) around Mumbai after Mukesh Ambani’s 25,000-acre development, which spreads from Navi Mumbai to Alibaug.

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