Rs. 1550 crore invested by Indiabulls for buying London Property

Q: Hi guys, Do you know Indiabulls Real Estate Ltd. Stepped into London Real Estate Market for buying an upmarket building.

Tamal, Delhi-NCR

23rd June 2014

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This kind of quality and freehold assets are rare in Mayfair and there was a very high level of investor interest in the building. Four parties were selected from the first round of bidding to participate in the final round. Indiabulls Real Estate emerged as the highest bidder in a closely-
contested bid process.

Wahi, Noida

23rd June 2014

Comment

They believe that London has demonstrated that it’s a mature market which has remained stable through economic cycles like the 2008 crisis. So, now they are seeking to diversify our investments and profit pool across various geographies.

Bhaumik, Ghaziabad

23rd June 2014

This property held in city's Mayfair area next to Hyde park. The Mumbaibased developer bought 22, Hanover Square, a 87444 sqft property from Scottish Widows Investment Partnership which is now a part of global investment management group Aberdeen Asset Management Plc.

Hitesh, Gurgaon

23rd June 2014

Comment

The acquisition cost is at an estimated Rs.1.65 lakh/sqft. The building was put up for sale in April.
In February, rival Mumbai builder Lodha Developers bought a prime London property at £90 million from West End of London Property Unit Trust.

Ankur , Ghaziabad

23rd June 2014