Indiabulls Real Estate
Indiabulls Real Estate is one of the largest real estate company with a Gross Development Value of INR 32,189 crores, and net worth of INR 7,090 crores as of March 31, 2018 and with 15 on-going projects with total saleable area of 33.91 million sq. ft. under its wing. Further it has commercial development with a leasable area of 3.15 million sq.ft. under construction. Additionally the company has a land bank of 1,046 acres and also possesses 2,588 acres of SEZ land at Nasik, Maharashtra. In July of 2014, Indiabulls Real estate acquired the prime property, 22 Hanover Square in Central London for Rs.1630 Cr.
IBREL has been assigned credit rating of AA- for long term debt, one of the highest in the industry.