MoneyWorks4Me

Indiabulls Real Estate to divest 50% stake in two office assets in Gurugram

03 Nov 2018 Evaluate

Indiabulls Real Estate has entered into a non-binding term sheet with a globally renowned real estate investor to divest its 50% stake in two office assets in Udyog Vihar, Gurugram, aggregating 784,000 sq ft leasable office space, which are presently owned by the company through its wholly owned subsidiaries.

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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