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IBREL to carve out commercial office business into separate firm

IBREL to carve out commercial office business into separate firm

Monday, April 17, 2017, 3:57 PM

In a major restructuring of its real estate business, Indiabulls Real Estate Ltd (IBREL) has decided to create a separate leasing and commercial vertical under Indiabulls Commercial Assets Ltd which will focus on the annuity business through rental income of existing office projects, under-development and new projects, while the residential business will remain under IBREL.
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