1. HLL Infra Tech plans to redevelop wakf lands

HLL Infra Tech plans to redevelop wakf lands

HLL Infra Tech Services plans to enter the land-redevelopment segment and take land belonging to wakf boards in Delhi, Gurgaon and Chennai.

By: | New Delhi | Published: May 6, 2017 5:20 AM
HLL Infra Tech Services chief executive officer SN Sathu

HLL Infra Tech Services, a subsidiary of government-owned HLL Lifecare, plans to enter the land-redevelopment segment and take land belonging to wakf boards in Delhi, Gurgaon and Chennai. “Our plans to enter the redevelopment segment should take off in 2017-18,” said SN Sathu, chief executive officer, HLL Infra Tech Services, adding that once the company identifies land, it will pick up those which will be commercially viable after doing a market analysis.

The company provides services in setting up and maintaining all healthcare infrastructure. It gives solutions from concept to commissioning including facility management in the healthcare sector.

According to some estimates, there are around 500,00 properties in the country. Wakf assets are made up of donations — land, building or even cash — given for Muslim religious or charitable purposes. The donations are meant to help the weaker sections of society apart from maintaining the property. As per the 2016 Sachar committee report, ‘Social, Economic and Educational Status of the Muslim Community of India’, the total area under wakf properties across India is around 600,000 acres.

According to Sathu, HLL Infra Tech will build as per the requirement of the local area and monetise the projects through commercial development. At present, the government engages state-run NBCC (India) Ltd.

HLL Infra Tech offers services in the areas of infrastructure development, medical equipment procurement, facility management and biomedical engineering. It has expertise in setting up super-specialty hospitals, medical colleges, administrative buildings, residential complex and research centres, among others.

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