Indiabulls Real Estate Limited is an Indian company mainly dealing in real estate services. The headquarters are situated at Mumbai, India. This business entity is a subsidiary of the Indiabulls group. This group is counted among the top-notch Indian business groups. The areas of operation include financial services, securities, and real estate, infrastructure, multiplex, retail and power sectors. It was founded in the year 2000 as a financial services company. More than 20, 000 employees are supporting the operations of the Indiabulls Company.
Indiabulls Real Estate Limited ranks third among largest property company across India. The business house has running development projects in the areas of commercial offices, hotels, residential projects, Special Economic Zones (SEZs) infrastructure development and malls. The company has finalized a partnership with Farallon Capital Management LLC of USA. With this it has become the first real estate company in India to bring FDI into real estate. This Indian real estate giant has undertaken projects to transform 14 million square feet into 16 cities with premium quality, residential and retail spaces and high-end commercial zone.
Within its business niche the company has further diversified into various business verticals. They are:
1.Power: Both Thermal and Hydro Power Generation.
2.Project Advisory & Facilities Management: Residential, Commercial (Office and Malls)
3.SEZ Development and
4.Real Estate Development
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Sell Indiabulls Real Estate with target of Rs 145 and stop loss of Rs 157, says Hitesh Chotalia, technical analyst, on NDTV Profit. The stock is currently trading at Rs 153.90, down 1.1% on the BSE.