Indiabulls real estate’s healthy sales bookings enlarged by 50% to Rs. 3,002 crore during the previous economic year, while the annual leasing income grew by 38%. In an analyst appearance, the real estate company said its net debt has amplified to Rs. 1,195 crore on march 31, 2013 as against Rs. 1,134 crore at the end of 2011-2012 fiscal year. The Indiabulls said in one statement, It has acquired 220 acres in Gurgaon and Panvel in the preceding economic year, agreeable the company’s overall land bank to 3,592 acres as well as 2,588 acres of special economic zone in Nashik. Indiabulls Developer also well-informed that,” it has acquired 220 acres in Gurgaon and acquired to 3,592 acres including 2,588 acres of special economic zone in Nashik. It has observed that, the overall sales of Rs, 3002 crore in the financial year 2013 Rs 1,982 crore subsequent to for the financial year 2012. Annually rental income increased to Rs 486 crore in financial year 2013 in opposition to Rs. 354 crore in the financial year 2012. The Indiabulls said that, ” it has recognized revenue of only Rs 1110 crore during the 2012-2013 economic year out of overall healthy sales of Rs 3,002 crore, creating large accumulation for potential revenues. The overall commercial region under structure is 19.44 million sq ft as on March 31, 2013 and 11.98 million sq ft has sold for vigorous sales values of Rs 8,370 crore.
[via Web Blog InvestInNest]
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