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In a bold move, the Hous­ing De­vel­op­ment Cor­po­ra­tion (HDC) is look­ing to reg­u­larise squat­ters who have tak­en up res­i­dence in some of its un­oc­cu­pied prop­er­ties.

As it stands, there are about 1,000 prop­er­ties il­le­gal­ly oc­cu­pied right now.

That’s a min­i­mum of $500 mil­lion worth of val­ue, said chair­man Feeroz Khan in an ex­clu­sive in­ter­view with Guardian Me­dia last week.