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Indiabulls Real Estate: Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore - Vimarsana News

Indiabulls Real Estate: Indiabulls Real Estate acquires Sky Forest Projects for Rs 647 crore

The acquisition would help expand the company's presence in Mumbai and is expected to lead to synergies and add value for all the stakeholders. Indiabulls Real Estate Ltd (IBREL) has posted widening of consolidated net loss at Rs 1,038.65 crore for the last fiscal year. Its net loss stood at Rs 608.38 crore in 2022-23.

Indiabulls Real Estate's subsidiary acquires Sky Forest Projects for Rs 646.71 crore, ET RealEstate - Vimarsana News

Indiabulls Real Estate's subsidiary acquires Sky Forest Projects for Rs 646.71 crore, ET RealEstate

Sky Forest Projects (SFPPL) owns a residential project-Sky Forest, situated in Lowel Parel, Mumbai. The acquisition will help expand Indiabulls Real Estate’s presence in Mumbai.