Comments on: Indiabulls realty purchases majority stake in Dev Property

By: Neeraj

Neeraj — Thu, 01 May 2008 08:56:40 +0000

In near the prices of the Indiabulls will be definately hike in near future due to the developing procedure of the Real estate levels.

By: Vikas Bamotra

Vikas Bamotra — Sat, 26 Apr 2008 10:18:07 +0000

Indiabulls Power is learnt to have won the bid to set up the 1,600-mw Bhaiyathan power project in Chhattisgarh, a pit-head power project that also includes a 350-million-tonne coal block.

By: amit

amit — Sat, 26 Apr 2008 07:13:26 +0000

Indiabulls Real Estate (IBREL) has announced that its board had sanctioned its plan to acquire 100% stake in Dev Property Development in a 138- million-pound sterling (10.9 billion rupees) share-swap deal.

Dev, an entity listed on Alternate Investment Market of London Stock Exchange, is promoted by the Indian property developer and owns stakes in various Indiabulls’ projects in India.

Indiabulls Real Estate will issue its individual shares to Dev’s investors that comprise Farallon Capital, Fidelity, Govt of Singapore and Citigroup.

Dev Property concentrates on investment in commercial realty developments and Information Technology Enabled Services (ITES) and residential real estate developments in Tier 1 cities in India including Mumbai.

By: Rajani

Rajani — Sat, 19 Apr 2008 06:49:19 +0000

It is expected that the deal would help IBREL launch its Real Estate Investment Trust (REIT) in the Singapore Stock Exchange (SSE). IBREL had received the approval to list REIT at SSE and initiated steps to create a property trust prior to the listing.

By: India Investment Property » Indiabulls arm gets power project in Chhattisgarh

Wed, 19 Mar 2008 08:57:36 +0000

[...] Indiabulls Power is learnt to have won the bid to set up the 1,600-mw Bhaiyathan power project in Chhattisgarh, a pit-head power project that also includes a 350-million-tonne coal block. [...]