The company is dealing in different asset classes and each of these asset classes business has grown to a large extent. "So we felt to segregate each of these businesses, office, retail, hospitality and residential, into separate segments", Irfan Razack, CMD of Prestige Estates told CNBC-TV18.
One thing is very sure that nobody will be buying this theory that only after the buyback was completed suddenly an idea triggered in the minds of the company that let us go for restructuring, said JN Gupta, former ED, Sebi and MD Stakeholders Empowerment Services.
The acquisition and subsequent consolidation of Indiabulls Property Investment Trust and upcoming projects will complement Indiabulls Real Estate's earnings in the next few years, says Joint Managing Director Vishal Damani.
Speaking to CNBC-TV18 in an exclusive interview, Gagan Banga, CEO of Indiabulls says that more than 50% land has already been leased at Lower Parel, Mumbai. “Going forward, we expect lease income for the company to increase by 30-35%,” he says.
Gagan Banga, chief executive officer, Indiabulls Financial Services said the company's focus has been on the home loan segment and most of the growth is likely to come from this segment in future. The company expects to maintain 30% growth in loan book ahead.
In an interview with CNBC-TV18, Gagan Banga, CEO, Indiabulls Financial Services spoke about the company's quarterly performance and the road ahead.