Indiabulls Real Estate inks pact to jointly develop commercial building in Mumbai – Feedback

Realty developer Indiabulls Real Estate, through its wholly-owned subsidiary Indiabulls Infraestate has entered into pact with Oricon Enterprises for joint development of a commercial building in Mumbai.

Developer has executed a non binding term sheet with the Oricon Enterprises, the owner of around 0.9 acre land parcel situated in Mumbai. Upon execution of the definitive agreements, Indiabulls Infraestate will get exclusive ownership rights of around 2.55 lakh square feet leasable area. Earlier this week, Indiabulls Real Estate, through its wholly-owned subsidiary Manjola Infrastructure, entered into an agreement to acquire a newly- constructed commercial building in Gurgaon.

https://economictimes.indiatimes.com/industry/services/property-/-cstruction/indiabulls-real-estate-inks-pact-to-jointly-develop-commercial-building-in-mumbais-worli/articleshow/63709787.cms

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