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.
