Indiabulls to launch new real estate projects
In a move to help the company hedge against the over-exposure to its core market, Indiabulls Real Estate is to launch seven new projects outside Mumbai in the remaining part of 2012-13.
The company is to launch residential as well as office projects in Sonepat, Gurgaon, Indore and Chennai.
Including a township in Savroli on the Mumbai-Pune expressway, the firm has high-value portfolio of projects in and around Mumbai.
The company’s most of the Mumbai projects are basically luxury in category. The developer has already launched two projects- a super luxury residential project Blu earlier this year, in south Mumbai, and IB Golf City in Savroli, a residential township.
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