India Bulls Real Estate to carve out commercial business into separate firm

India Bulls Real Estate to carve out commercial business into separate firm

Photo: Pradeep Gaur/Mint

In a major restructuring of its real estate business, Indiabulls Real Estate Ltd (IBREL) has decided to create a separate leasing and commercial vertical under Indiabulls Commercial Assets Ltd which will focus on the annuity business through rental income of existing office projects, under-development and new projects, while the residential business will remain under IBREL.

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