Skip to main content

MoneyWorks4Me

Indiabulls Real Estate’s arm inks non binding term sheet with OEL

11 Apr 2018 Evaluate

Indiabulls Real Estate’s wholly owned subsidiary - Indiabulls Infraestate (IIL) has executed a non binding term sheet with Oricon Enterprises (OEL) for execution of definitive agreements for joint development of a commercial building at OEL’s land parcel admeasuring approximately 3,512 square meters plot situated at Worli, Mumbai. Upon execution of the definitive agreements, IIL will get an exclusive ownership right of approximately 2.55 lakh square feet leasable area.

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 1039.50
Prestige EstatesProj 1432.80
Dilip Buildcon 379.00
DLF 694.35
Oberoi Realty 1655.00
View more..