Indiabulls Real Estate
Since its inception, Indiabulls Real Estate has earned a distinct reputation for building projects that turn spaces into inspiring places. With prime focus on construction and development of residential, commercial & SEZ projects across major Indian Metros & London, Indiabulls Real Estate went on to expand its projects portfolio. Today it ranks third amongst the top Real Estate companies with a total Gross Development value of INR 34,960 crores and net worth of INR 7,568 crores as of September 30, 2015.
Indiabulls Real Estate’s strategic partnership with Farallon Capital Management LLC of USA was instrumental in bringing the first FDI into real estate in India. Currently IBREL has 11 on-going projects in India with total saleable area of 30.40 million sq.ft. It also has three new projects that are planned to be launched shortly with total saleable area of 7.51 m sq. ft. The company has a fully paid for land bank of 1,017 acres and also possesses 2,588 acres of SEZ land at Nashik, Maharashtra.
IBREL is currently developing 72.86 million sqft into premium quality, high-end commercial, residential and retail spaces in the Metros- Mumbai, Delhi NCR & Chennai, apart from Tier I cities. With its recent acquisition of the prime property, 22 Hanover Square in central London for INR 1,630 crores IBREL is consolidating its presence internationally as well.
ome of the iconic landmarks of IBREL that have redefined commercial spaces in Mumbai are One Indiabulls Centre & Indiabulls Financial Centre with over 3 million sq.ft. of sprawling commercial space. Indiabulls Real Estate has delivered a record 3.3 million sq ft developed space valued at $ 1.75 billion (within 4 years of inception). This is fastest and largest delivery in value of terms by any Indian real estate developer in the same time period.
IBREL has been assigned credit rating of AA- for long term debt and A1+ for short term loan by CARE and International ratings of B+/B1/B+ by S&P/Moddy’s/Fitch respectively.