Behind HDIL downfall lies a failed slum project that became financial drain
HDIL, which is largely a slum rehab developer, had come out unscathed during the financial meltdown in 2008.A botched ₹6,500-crore MIAL project to rehab 80,000 families and in turn generate development rights of 43.4 million sq. ft of real estate began the end of HDIL