Indiabulls Real Estate Ltd
BSE:532832
Indiabulls Real Estate Ltd
Indiabulls Real Estate Ltd. engages in the provision of real estate development services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2007-03-27. The firm's operations include real estate project advisory, investment advisory, project marketing, maintenance of completed projects, engineering, industrial and technical consultancy, construction and development of real estate properties and other related and ancillary activities. The company is focused on construction and development of residential, commercial and special economic zones (SEZ) projects. Its residential projects include Indiabulls Daffodils Tower, Indiabulls BLU Estate and Club, Indiabulls Sky, Indiabulls Sky Forest and Golf City. Its commercial projects include One Indiabulls Vadodara, ONE09 Gurgaon, One Indiabulls Park and Megamall. Its SEZ projects include Indiabulls Neo City. Its projects are spread across India in various locations, which include Mumbai, Delhi National Capital Region, Madhurai, Ahmedabad, Maharashtra and Vadodara.
Indiabulls Real Estate Ltd. engages in the provision of real estate development services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2007-03-27. The firm's operations include real estate project advisory, investment advisory, project marketing, maintenance of completed projects, engineering, industrial and technical consultancy, construction and development of real estate properties and other related and ancillary activities. The company is focused on construction and development of residential, commercial and special economic zones (SEZ) projects. Its residential projects include Indiabulls Daffodils Tower, Indiabulls BLU Estate and Club, Indiabulls Sky, Indiabulls Sky Forest and Golf City. Its commercial projects include One Indiabulls Vadodara, ONE09 Gurgaon, One Indiabulls Park and Megamall. Its SEZ projects include Indiabulls Neo City. Its projects are spread across India in various locations, which include Mumbai, Delhi National Capital Region, Madhurai, Ahmedabad, Maharashtra and Vadodara.
Merger Progress: The merger with Embassy Group has received key approvals and is expected to complete within weeks, with full integration targeted by July-August 2022.
Strong Bookings: Q4 bookings reached 0.5 million sq. ft. with presales of INR 326 crores, up 34% by area and 77% by value quarter-on-quarter.
Debt Reduction: A successful INR 865 crore fundraise through QIP has supported debt repayment and construction, with plans to halve merged entity debt (INR 6,500 crores) over 12–24 months.
Liquidity Boost: Receivables from London asset sale and Gurgaon land transaction, plus proceeds from project completions like Sky Forest, expected to further bolster cash flows.
Sales Outlook: Annual sales of INR 2,500–3,000 crores targeted post-merger, primarily from completed inventory—not including new project launches.
Commercial Strategy: Embassy brings 42.5 million sq. ft. of commercial assets, with a flexible approach to future development or asset conversion to residential for quicker cash flow.
Cost and Margin Highlights: Q4 margins decreased to 21% (from 32% YoY), but finance costs declined and liquidity remains strong; cost escalation risks appear contained.
