The group said that of the 40 acres, 30 acres are meant for residential development and 10 acres for commercial spaces.
Total income fell to Rs 164.18 crore in the April-June quarter from Rs 532.03 crore in the corresponding period of the previous year, according to a regulatory filing.
Based on a case filed by a homebuyer that Indiabulls Real Estate has not passed on ITC benefits in project Sierra-Vizag, situated in Visakhapatnam, the Directorate General of Anti Profiteering (DGAP) investigated the case and found the builder guilty of profiteering.
Total income fell to Rs 272.49 crore in the fourth quarter of FY22 from Rs 759.50 crore in the corresponding period of the preceding fiscal.
Copthall Mauritius Investment, which had held 1.11 percent stake (or 60 lakh shares) as of March 2022, was the seller in Indiabulls Real Estate. The stock fell 5 percent to Rs 81.85.
The Mumbai-based firm on March 7 had launched its QIP (Qualified Institutional Placement) issue and closed it on April 12.
The Mumbai-based firm had launched its QIP (Qualified Institutional Placement) issue on March 7 and closed it on April 12.
According to the December quarter shareholding data, Jhunjhunwala held 5 million shares, or a 1.1 percent stake, in Indiabulls Real Estate
Indiabulls Real Estate appears to have registered a Harami kind of candlestick formation, on daily charts, hinting that trend for near term might be shifting in favour of bulls.
Indiabulls Real Estate has said the recent ED searches were about information the agency wanted about some clients and had nothing to do with the company or its business
Macrotech Developers, Indiabulls Real Estate, and Godrej Properties rally more than 2 percent each. Brigade Enterprises, Sobha, Sunteck Realty, and DLF gained 1-1.75 percent.
Budget 2022 | The BSE Realty Index gains 1.2 percent, trading in line with BSE Sensex that, too, was up 1.2 percent
The Nifty50 is expected to be in the range of 17,500-18,000. Only a break above 18,000 will increase momentum on the upside and trigger fresh buying, says Malay Thakkar
At the meeting, Indiabulls Real Estate would seek the approval of its shareholders to go ahead with the proposed merger with Embassy One.
Here's what Mazhar Mohammad of chartviewindia.in, recommends investors should do with these stocks when the market resumes trading today.
The company informed that Gehlaut resigned from the post as he would focus on business of providing technology enabled transaction finance and primary healthcare services by Dhani Services Limited.
Indiabulls Real Estate reported a 64 percent rise in its consolidated net profit to Rs 80.69 crore for the quarter ended December. Its net profit was Rs 49.27 crore in the year-ago period.
The company had posted a net profit of Rs 301.11 crore in the year-ago period.
Morgan Stanley Asia (Singapore) Pte - ODI sold 75,80,281 shares in Indiabulls Real Estate at Rs 57.16 per share.
Morgan Stanley had held 3.70 percent equity stake in Indiabulls Real Estate as per the shareholding pattern of September 2020.
According to the plan, Embassy Group’s real estate assets are to be amalgamated with Indiabulls Real Estate’s 31 million sq ft of assets that are currently under development.