MoneyWorks4Me

Indiabulls Real Estate expects annual rental income to jump to Rs 1,513 crore by FY21

29 Jan 2018 Evaluate

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.


Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.70
DLF 653.90
Oberoi Realty 1734.10
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