Deccan Infrastructure and Land Holdings Limited (DILL) is a Company registered under the Companies Act, 1956 as a subsidiary of Andhra Pradesh Housing Board (APHB)
In Deccan Infrastructure and Land Holdings Limited (DILL) APHB is holding 57.44% of the Equity and the Government of Andhra Pradesh (GoAP) is holding 42.56%. Equity. The Equity holding of APHB and GoAP has come by way of transfer their respective lands.
The Main strength of DILL is derived from the Experience of our promoter, the Andhra Pradesh Housing Board, which was established under the Andhra Pradesh Housing Board Act, 1956 to deal with and satisfy the need of housing accommodation. APHB started off as a provider of housing accommodation for various income groups on hire purchase basis and also involved in wide variety of projects ranging from commercial buildings with a total built-up area of 775,915 sft constructed and owned by it in the central part of Hyderabad, developed residential townships all over the State, including several housing colonies in Hyderabad.
The Major Projects undertaken by APHB are as under:
1) APHB had tied up with world renowned, CESMA International Pte Limited, a wholly owned subsidiary of Housing & Development Board of Government of Singapore for development of Integrated Township with state of art planning & classy infrastructure. The township in an extent of 82.31 acres with a total built-up area of 2.80 million square feet was completed in June 2005.
2) In keeping with the National Housing Policy, to become a major market player, APHB launched Public Private Partnership Programme in 2001 for taking up joint venture projects with the private sector leveraging its own land holding and so far taken up 24 projects at various places in the State with the participation of DLF, IJM Corporation Berhad ( Malaysia ), K.Raheja Corp, IOI Corporation Berhad ( Malaysia ), Parsvnath Developers Limited, MADHUCON-BINAPURI Consortium, EMBASSY - INDU Projects Ltd Consortium, Nagarjuna Construction Company, SALARPURIA, IVRCL, RAMKY, PRESTIGE, Manjeera Constructions, Serene Estates etc. The Developers were selected duly following competitive bidding process.
a) The first project at Kukatpally, Raintree Park, with IJM (India) Infrastructure Limited, a subsidiary of IJM Corporation Berhad, Malaysia was taken up in an extent of 34.71 acres with equity participation. It is the first real estate project in the Country taken up under Foreign Direct Investment route.
b) The remaining 23 projects are taken up by APHB on revenue sharing basis in which case over and above the Development fees (land value) APHB would get revenue share ranging from 1.5% to 5.0% of the gross revenue from the project.
c) K Raheja Corp Private Ltd is developing an IT Park in 104.425 acres of land at Pocharam, Hyderabad, which not only include IT Towers but also Five Star Hotel, Hyper Mall etc. When fully completed the IT Park will provide jobs to nearly 25,000 people.
In order to further expand the real estate activities and for efficient functioning, the Government of Andhra Pradesh vide its Government Order Ms.No.42 dated 27th October 2006 has permitted our promoter to create a Company under Section 21(A) of the Andhra Pradesh Housing Board Act, 1956