Credit Rating Agency Infomerics Valuation and Rating (Infomerics) has revised the long-term rating of Indiabulls Real Estate to ‘A+ with ‘Developing implication’. Short-term rating reaffirmed at ‘A1+’. In revising the rating, Infomerics cited challenges faced by the Indian real estate sector.
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.