Indiabulls said that it has raised Rs 25 crore by issuing NCDs (Non- Convertible Debentures). In Last-month, Mumbai –based company had declared that it raise up to Rs 200 crore through affair of non-convertible company has raised Rs 131 crore in 3 branches. In a filing to the BSE, Indiabulls Real Estate said that “the operations committee of the Board of Directors of the company has allotted NCDs collecting Rs25 crore.” The company had raised Rs 400 crore via this route earlier.
Indiabulls Real Estate is constructing 11 project with a total area of 30.51 million square feet. It has presence in key metros of Chennai, Mumbai and NCR. It has also stepped towards property market of London through purchasing of 22 Hanover Square in Mayfair, Central London a commercial property of 87,444 square feet in 2014 July.