Mumbai developer to acquire office assets in NCR

Mumbai developer to acquire office assets in NCR
30/04/2019 , by , in News/Views

Mumbai-based developer Indiabulls Real Estate Ltd (IBREL) and its joint venture partner, Blackstone Group Lp, are acquiring three office assets in Delhi and Gurugram, even as it is in talks to exit the real estate business, said two people familiar with the development, seeking anonymity.

Acquisition of two office properties will be completed in the June quarter, while the third one will be closed after that. All assets will be part of the joint venture portfolio.

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