Building Landmark Edifices
Indiabulls Real Estate stands for excellence and luxury in residential and commercial properties. It was incorporated in 2005 with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros. To grow its footprint internationally, and to give wings to its global ambitions, Indiabulls branched out to London a couple of years ago with some of the most marquee projects in the heart of upscale central London.
It is the company’s mission to create high end spaces, and its endeavours epitomise this philosophy. It has delivered iconic commercial developments of over 3 million sq. ft. in Mumbai namely, One Indiabulls Centre and Indiabulls Finance Centre, apart from delivering projects in Madurai, Ahmedabad and Thane. The company began handing over Indiabulls Sky in Q1 FY16.
Indiabulls Real Estate is India’s third largest real estate company with a Gross Development Value of Rs. 47,725 Cr., and net worth of Rs. 4,861 Cr. (as of June 30th, 2016), and with 14 on-going projects with total saleable area of 35.5 million sq. ft. under its wing. The company has planned four new projects with total saleable area of 8.95 million sq. ft. Additionally the company has a land bank of 1,010 acres and also possesses 2,588 acres of SEZ land at Nasik, Maharashtra. Recently, Indiabulls Real estate acquired the prime property, 22 Hanover Square in Central London for Rs.1630 Cr.
IBREL has been assigned credit rating of AA- for long term debt, one of the highest in the industry.