New Launch27 Dec 2024, 02:56 am
Indiabulls Enterprises Ltd Subsidiary Gets Registration for Developing Residential Project
AI Summary
Indiabulls Enterprises Ltd announced that its wholly owned subsidiary, Indiabulls Pharmacare Limited, has received registration from the Haryana Real Estate Regulatory Authority, Gurugram for developing a residential project, 'Indiabulls Estate & Club-I'. The registration, granted under Section 5 of the Real Estate (Regulation & Development) Act, 2016, is subject to certain terms and conditions. This registration will enable the company to monetize its real estate asset and infuse liquidity.
Key Highlights
- Indiabulls Pharmacare Limited, a subsidiary of Indiabulls Enterprises Ltd, has received registration for developing a residential project.
- The registration is granted under Section 5 of the Real Estate (Regulation & Development) Act, 2016.
- The project, 'Indiabulls Estate & Club-I', is located at Sector 104, Gurugram on the 8-lane Dwarka Expressway.
- This registration will enable the company to monetize its real estate asset and infuse liquidity.
- The registration is subject to certain terms and conditions as contained in the registration certificate dated December 26, 2024.