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Indiabulls

Chennai Office Complex sold to Indiabulls for 600 Cr

Chennai Office Complex sold to Indiabulls for 600 Cr
Indiabulls Distribution Services, powered by Indiabulls Securities has invested Rs. 600 Cr., in buying a huge commercial building in Chennai. This tends to be one of the remarkable property deals of South India. The complex was previously owned by a hedge fund Americorp under India Land and Properties. There are three towers of the complex, [...] Continue Reading »

BSE seeks clarification about multiple AGMs of Reliance Group companies on Sept 30

BSE seeks clarification about multiple AGMs of Reliance Group companies on Sept 30
With the Annual General Meetings (AGMs) of Anil Dhirubhai Ambani-promoted Reliance Group companies having been scheduled on the same day – September 30 – at intervals of two hours, BSE has sought clarification for the group with regard to the scheduling of the multiple AGMs. The Reliance Group companies whose AGMs have been scheduled to [...] Continue Reading »

The Ruias sell their bungalow for Rs 100 crore

The Ruias sell their bungalow for Rs 100 crore
The Ruias who are the promoters of the Essar group have sold their bungalow in the Jor Bagh area or Delhi for about Rs 100 crore to the Supreme Court lawyer Rohit Tandon. This reflects the revival in the real estate activity in the much coveted part of the capital which also follows the advent [...] Continue Reading »

Indiabulls Real Estate Stock Rises

Indiabulls Real Estate Stock Rises
The real estate company’s stock rose by 64% in the last month, since the company’s performance was affected by anticipation of economic development. Goldman Sachs analysts say that better project executions and affordable valuations have made it the preferred stock. Standard Chartered analysts note that there has been a major improvement of main project executions [...] Continue Reading »

Work tempo increases on DWARKA EXPRESSWAY

Work tempo increases on DWARKA EXPRESSWAY
Dwarka Expressway has emerged as one of the most famous real estate destinations in the National Capital Region (NCR).The project was to be completed in March 2012 but because of land acquisition issues the project was delayed. The builders who involved in this project played a vital role in accelerating the development process and ensuring [...] Continue Reading »

25-acre Tata Steel land collect 1,100 crore bid

25-acre Tata Steel land collect 1,100 crore bid
The biggest parcels of land in Mumbai are believed to collect the highest bid of Rs 1,155 crore. It is rumor that the Oberoi Realty may be the highest bidder. A source of Tata Housing says that they are still in the race. The bidder has not been finalized yet and the process is still [...] Continue Reading »

Residential properties in Mumbai stalled for not adhering to green norms

Residential properties in Mumbai stalled for not adhering to green norms
Around 47 residential real estate projects in Mumbai have been stalled as they have not followed the green norms as advised by the union environment ministry office. The construction work of these projects have been stopped due to their non-adherence with the environmental laws. These properties in Mumbai have been stalled for more than 12 [...] Continue Reading »

Indiabulls Real Estate witnesses growth in sales

Indiabulls Real Estate witnesses growth in sales
A growth in sales and revenue has been witnessed by Indiabulls Real Estate Limited (IBREL) for the last quarter of 2012. By December 31, 2012, the company saw a total sales of Rs 1,201 crore, which went up by 267% compared to Rs 449 crore third quarter of 2012. Total revenue also shot up by [...] Continue Reading »

Indiabulls to launch new real estate projects

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 [...] Continue Reading »

Veritas analyst charged with demanding money from Indiabulls

Veritas analyst charged with demanding money from Indiabulls
Veritas, which has come up with some damning reports against Indian entities – Reliance Groups, Kingfisher and DLF in recent months, has pointed out serious irregularities at Indiabulls group in its latest report. The shares of Indiabull’s various group firms plunged sharply on the back of the report by Canada-based Veritas. A day after, Indiabulls [...] Continue Reading »



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