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Real Estate Forum on Indiabulls Real Estate

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Q: Anyone has any knowledge on when are the builders giving the possession date of this property?
Latest Answer: Hi, They are giving possesion in 20 20, they have completed 40th slab. I have invested in this project and i wish to exit from it now.. anyone looking to buy email me at verrec (a) gmail.com.
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Q: Company is looking for strategic partner who can buy 40% of its stake in the project in the Mayfair locality of central London.
Latest Answer: Hi Mithdeb, I heard that the founder and controlling shareholder Sameer Gehlaut invested Rs 240 crore in the company through preferential shares. Gehlaut also subscribed to Rs 80 crore of convertible warrants, which if converted will result in further equity infusion of Rs 230 crore in the first half of 2016-17. Therewith, the company could sell land holdings to further deleverage.
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Q: I want to know more about the appealing factors or what is USP of this project to be precise? Anyone Help!
Latest Answer: Hi, I have some current construction status as per the builders Tower-A which has 60 floors, structure, external and internal plaster work is going on. Tower-B which also has 60 floors, structure and internal plaster work is going on. Tower-C which has 50 floor, structure work is going on it and in Tower-D which also has 50 floors has started structure work.
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Q: Hi guys, Do you know Indiabulls Real Estate Ltd. Stepped into London Real Estate Market for buying an upmarket building.

Latest Answer: 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.
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Q: What are the numbers which Indiabulls have got after growth in sales?

Latest Answer: By December 31, 2012, the company saw a total sales of Rs 1,201 crore, which went up by 267% compared to Rs 449 crore third quarter of 2012. Total revenue also shot up by many times to Rs 377.3 crore compared to Rs 351.3 crore in Q3 FY12. Also, Profit After Tax (PAT) stood at Rs. 52.2 crore, up by 24.88% from Rs 41.8 crore in the same period last year.The construction of new project in Worli, Blu is also in full swing after receiving all the approvals. In addition to this, the company has revenue pipeline of Rs 12,808 crore from various projects currently under execution.
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