Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
24 November, 2017 03:51 IST
Indiabulls Real Estate acquires prime commercial land in Gurugram
Source: IRIS | 12 Sep, 2017, 10.20AM
Comments  |  Post Comment

Indiabulls Real Estate through its wholly-owned subsidiary, Ashkit Properties, has acquired a prime commercial land admeasuring 13,519 square meters on National Highway 8 (Plot No 20, situated in Sector 18, Urban Estate, Gurugram).

The said land is situated at a developed prime commercial location, where many leading multi-nationals are operating in nearby vicinity, and will be developed as a commercial complex with an expected leasable area of around 5 lakh square feet.

The construction of 5 lakh square feet of new office buildings is expected to finish by March, 2019. This addition of new office space will further enhance the annuity revenue to Rs 14.21 billion in FY 20-21 from the rental properties portfolio of the company.

Shares of the company gained Rs 3.4, or 1.41%, to trade at Rs 244.40. The total volume of shares traded was 255,265 at the BSE (10.09 a.m., Tuesday).



Indiabulls Real Estate Limited   (Q,N,C,F)*

Comments Post comment 
 Post Comment
Name Email
Comment
Security Code type    into this box
Company Update
Thomas Cook to sell 5.42% stake in Quess Corp via OFS - 23-Nov-2017 10:28
Tata Tele subscribers commence transitioning to Airtel network - 23-Nov-2017 10:13
Glenmark Pharma gets nod for generic Loestrin Fe 1/20 tablets - 22-Nov-2017 11:27
Strides Shasun's arm receives USFDA approval for Acetazolamide tablets - 22-Nov-2017 10:41
Ramco Systems inks multi-million dollar order with LBC Express - 22-Nov-2017 10:08
NCC in consortium with BGR Infra bags Talaipalli coal block project - 22-Nov-2017 09:56
Zydus' oral anemia developmental candidate; ZYAN1 named as Desidustat by WHO - 21-Nov-2017 12:51
Dr. Reddy's receives EIR from USFDA for Vishakhapatnam facility - 21-Nov-2017 12:46
Artefact Projects bags various orders worth Rs 292.6 mn - 21-Nov-2017 12:34
Yes Bank raises USD 400 mn via syndicated loan transactions in Taiwan, Japan - 21-Nov-2017 12:24
Simplex Infra bags order worth Rs 5.24 bn from NBCC - 21-Nov-2017 11:30
more...
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer