For consideration of Rs 600 crore
Indiabulls Securities announced that Indiabulls Distribution Services, a wholly owned subsidiary of the Company has acquired 100% of the share capital of India Land and Properties for a consideration of Rs. 600 crore.India Land and Properties owns a commercial complex of 3 towers with a total constructed area of 2.4 million Sq. ft and leasable area of 2 million Sq. ft. The total land area of the complex is over 10 acres. Currently a portion of the towers are leased to RBS, Kone, Britannia Industries, Ajuba, Covenant, Telebuy, IBoxand others.
The park has been designed in compliance to the National Building Codes by the internationally acclaimed ZAHA HADID, UK, "Laureate Pritzker" Prize Winner (2004).
The building complex is renamed as One Indiabulls Park, Chennai.
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