Indiabulls Real Estate has received the first-level environment clearance from the Maharashtra government for its proposed Rs 678 crore residential project in Thane. The company is planning a residential complex on the plot.
In November 2014, the company had acquired the 7.2-acre plot at Pokhran road in Thane from Voltas for Rs 236 crore. The project will have 1,469 flats for sale, of which 774 flats will be under the affordable housing segment.
Indiabulls Real Estate is engaged in real estate development, directly as well as through various subsidiaries and associate companies. The main focus of the company is construction and development of properties, project management, investment advisory and construction services.
