HOUSING DEVELOPMENT & INFRASTRUCTURE LTD. - Housing Development and Infrastructure Ltd reply to clarification sought by the exchange

The Exchange had sought clarification from Housing Development and Infrastructure Ltd with respect to media report in DNA dated May 18, 2015 titled "HDIL in talks to sell 200 acre land in Vadodara, Hyderabad" <BR><BR>Housing Development and Infrastructure Ltd replied stating "We request you to refer to our letter dated March 24, 2015, on the said subject matter and we further state that at present the Company has not entered into any agreements to sell land in Vadodara, Hyderabad or finalised such transactions.<BR><BR>As stated in our earlier mail, the Company will update the Stock Exchanges with any further developments in the said matter.<BR>Further, the Company is carrying business of real estate and hence buying and selling of land are integral part of its day to day business activities."