Indiabulls Real Estate has divested its 100% stake, on a fully diluted basis, in its wholly owned subsidiaries Juventus Estate and Mabon Properties, which collectively own the land parcel admeasuring around 35 acres at Sector 104, Dwarka Expressway, Gurugram, Haryana. With this, Juventus Estate, Mabon Properties and Milkyway Buildcon (which is a 100% subsidiary of Juventus Estate) ceased to be the subsidiaries of the Company with effective from December 23, 2022.
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.
