Indiabulls Real Estate has raised Rs 50 crore through Secured Redeemable Non-Convertible Debentures (NCDs) and allotted 500, 10.50% p.a. NCDs having face value Rs 10 lakh each on a private placement basis.
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.