Indiabulls' Ambitious Expansion Plans
Indiabulls Real Estate, a prominent player in the Indian real estate market, has announced plans to utilize over $500 million, raised from a recent share sale, to launch a multitude of projects simultaneously.
Upcoming Project Launches
- Number of Projects: 6-7 residential projects slated for launch in the current financial year
- Key Locations: Focus on tier-II cities, including Baroda, Ahmedabad, and Indore, identified for their potential
Strategic Pricing for Enhanced Demand
According to Mr. Gagan Banga, CEO of Indiabulls Real Estate, the company is banking on the strategically priced projects in tier-II cities, with rates ranging between ₹2,000-₹5,000 per square foot, to cater to the burgeoning demand for residential real estate.
CEO's Outlook
"Our aim is to launch 6-7 residential projects this FY," said Mr. Gagan Banga, expressing optimism about meeting the increasing demands for residential real estate, particularly in the targeted tier-II cities.
