The company was forced to suspend work on the project after the Airport Authority of India placed severe height restrictions on the project, asking it to keep the height of the residential tower at 327 metres against the 163 metres that the company had asked for.
Indiabulls Real Estate (IBREL) today said the company now has a majority stake of 51.18 percent in Singapore-listed business trust IPIT after acquisition of 2.77 crore shares by its subsidiary.
Burdened by substantial debt reliance communications has for some time now wanted to unlock value in its undersea cable business – flag telecom.