Indiabulls Real Estate Ltd
Now that the elections are over, property deals have once again begun at Lutyens Delhi. The co founder of Indiabulls Group Rajiv Rattan has decided to buy himself a bungalow costing rupees 220 crore in the Lutyens Bungalow Zone on Amrita Shergill Marg. Two people who have been working on this deal have mentioned that [...] Continue Reading »
There is a good news in the property market as Indian players are now going global. Indiabulls Real Estate Ltd. has paid £155 million (Rs 1,550 crore) for a commercial property in London’s Mayfair area next to the famous Hyde Park. Gagan Banga the managing director and chief executive of Indiabulls Housing Finance Ltd mentioned [...] Continue Reading »
New York-based Morgan Stanley reportedly has plans underway to give up some of the offices space which the company leases in Mumbai, after disposing off its wealth in India and domestic fund management business. According to the information shared by unidentified sources on the condition on anonymity, one entire floor in Tower 2 of One [...] Continue Reading »
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 »
Analysts have expressed their fear that DLF and Indiabulls Real may see further downside. Sudarshan Sukhani, a trade analyst, states that further breakdown is possible in case of both real estate majors. As told to CNBC-TV18, Sukhani suggested that both the companies are on the verge of possible downfall depending on where the Nifty stops. [...] Continue Reading »
Earnings of the realty firm Indiabulls Real Estate Ltd and Oberoi Realty Ltd has been increased in the last quarter of the financial year 2011-12. The Indiabulls has recorded a rise in net profit of 30 percent while the Oberoi group has posted a rise in 33.8 percent in the total income. The increment in [...] Continue Reading »
