Indiabulls Real Estate Limited is one of the largest real estate companies in India and its headquarters is in Mumbai (Maharashtra).
Image: company website
Indiabulls Financial Services was incorporated in 2000 and in 2005 the real estate business was demerged from it which resulted into emergence of Indiabulls Real Estate as a separate business segment of the Indiabulls Group. Sameer Gehlaut is the Chairman and Founder of the Indiabulls Group.
The company has so far completed projects of over 3 million square feet and has about 11 ongoing projects with area of over 30.51 million square feet. The company has projects in residential, commercial and SEX segments. In the residential segment the company has projects in Mumbai, Delhi NCR, Chennai, Vizag, Ahmedabad, Hyderabad and Madurai. BLU Estate and Club, Indiabulls Park, Golf City, Centrum Park, Green Chennai, Sierra Vizag, Vatika, Centrum Hyderabad and Centrum Madurai are few of the projects in this segment. Commercial project have been taken up in the cities of Vadodara, Delhi NCR and Mumbai. MegaMall, One09 Gurgaon, One Indiabulls Centre and THE HUB are some projects in this segment. SEZ projects are in Nashik where the company holds 2588 acres of SEZ land. Indiabulls Neo City is being developed in Nashik in collaboration with Maharashtra Industrial Development Corporation.
The company also has Inidabulls Foundation wing that undertakes number of activities in areas of health, education, rural development, women and youth empowerment, environment and disaster relief as part of its social responsibility. CARE has given the company credit rating of AA- for long term debt and A1+ for short term loan. Besides it also has international credit rating of B+ from S&P and B1 from Moddy’s.