HOUSING DEVELOPMENT & INF Share price

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 MilestonesYear 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 booking2005 March Completion of "Dheeraj Arma" comprising commercial premises in Bandra (East) Mumbai2005 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 Maharashtra2006 May MoU with the Adani Group for the sale of rights in land measuring 1.7 million sq. feet at Bandra Kurla Complex Mumbai2006 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