Indiabulls Real Estate opens first office in UAE

The first office in the region will target NRIs

Indiabulls Real Estate Limited, a Bombay Stock Exchange-listed developer, has opened its first overseas offices in the UAE to cater to Gulf non-resident Indians (NRIs).
 
“NRIs make up for 25-30 per cent of our overall business and especially Gulf NRIs have always been more inclined towards investing in realty market back home. With an approximate 45 per cent of the UAE’s population comprising Indians, the need to have a local office catering to this segment was vital”, said Santosh Tandel, Regional Head – MENA Region, Indiabulls.
 
Indiabulls Real Estate is among India's top Real Estate companies with development projects spread across residential complexes, integrated townships, commercial office complexes, hotels, malls, special
economic zones and infrastructure development.
 
Indiabulls focuses on super metros with 90 per cent of the projects in NCR, Mumbai and Chennai and has delivered a record 3.3 million square feet developed space valued at $1.75 billion (within four years of
inception).
 
The company has a net-worth of Rs75 billion and has purchased prime land, mostly in the metros and other Tier 1 cities worth Rs40 billion in government auctions alone.
 
Indiabulls is currently developing 71.55 million square feet into premium quality, 31 ongoing high-end projects. The company has been assigned 'A+' rating.

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