Indiabulls Real Estate (IBREL) expects its annual rental income from commercial properties to jump over two-fold to Rs 1,513 crore by 2020-21 on the back of acquisition as well as development of new assets. The annual rental income currently stands at Rs 720 crore with a leasable area of 5 million square feet. The company is currently developing two commercial properties in Mumbai and three in Gurgaon.
Indiabulls Real Estate is India's third largest real estate company, with its focus on construction and development of residential, commercial and SEZ projects across major Indian metros.
