Indiabulls Real Estate raises Rs 30 crore
Indiabulls Real Estate has raised Rs 30 crore through issue of non-convertible debentures (NCDs) on private placement basis.The coupon rate for the NCDs is 10 per cent.
Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. It has presence in key metros of Mumbai, NCR and Chennai. It has also entered London property market.