Indiabulls Real Estate Subsidiary enters deal for joint development of commercial property

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Mumbai, April 16, 2018: Indiabulls Real Estate said that its wholly owned subsidiary Indiabulls Infraestate (IIL) has on April 10, 2018 executed a non binding Term Sheet with Oricon Enterprises (OEL) for execution of definitive agreements for joint development of a commercial building at OEL’s land parcel admeasuring approx. 3512 sq. mtrs. plot situated at Dr. E. Moses Road, Worli, Mumbai-400018.

Upon execution of the definitive agreements, IIL will get exclusive ownership rights of approx. 2.55 lac sq ft. leasable area.

United News of India