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Indiabulls Real Estate planning to sell assets in Chennai

15 Feb 2018 Evaluate

Indiabulls Real Estate is planning to sell its housing and commercial assets in Chennai. This is part of company’s strategy to exit non-core market and restructure its business. The company is planning to hive off commercial and leasing business into a separate entity - Indiabulls Commercial Assets.

Last year in April, the company had announced plans to restructure its business by creating a separate venture for commercial and leasing operations as part of efforts to focus on each segment.

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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