Indiabulls Real Estate Limited is a holding company that provides consultancy and advisory services to companies involved in the construction and development of real estate and infrastructure projects. It was incorporated in 2006. The company is listed on the BSE & National Stock Exchange (NSE). Its global depository receipts (GDRs) are listed on the Luxembourg Stock Exchange.
The market capitalisation of Indiabulls Real Estate Limited is over ₹5,300 crore as of January 31, 2024. Indiabulls Real Estate share price has gained over 30% in the last three years.
Business operations
Indiabulls Real Estate’s business operations include real estate project advisory, investment advisory, project marketing, maintenance of completed projects, engineering, industrial and technical consultancy, construction and development of real estate properties and other related and ancillary activities. It is also focused on the construction and development of residential, commercial and special economic zones (SEZ) projects.
The company is one of the leading real estate developers in the Mumbai Metropolitan Region (MMR) and the National Capital Region (NCR). It also has a presence in various parts of India across Jodhpur, Vadodara, Vizag and Indore.
Indiabulls Real Estate has successfully delivered 19 projects across India, spanning a developable area of approximately 30 million square feet. It has around 12 million square feet of unsold inventory across six cities and 15 projects and holds a land bank of over 3,000 acres near major metropolitans, making it one of the largest land banks among listed Indian real estate developers.
The company has delivered many commercial developments of over 3.3 million square feet in Mumbai, namely One International Centre & One World Center. In the residential segment, its flagship projects in Mumbai include Blu Estate & Club & Sky Forest. It has also developed many famous projects in Gurugram, Chennai, Madurai, Ahmedabad and Thane.
Indiabulls Real Estate’s inventory amounts to a total saleable area of 12.4 million square feet, as of March 31, 2023. Out of this, 9.1 million square feet are located in the MMR region and 3.3 million square feet are located in the NCR region. The company has 11 residential projects and 4 commercial projects in MMR, NCR, Jodhpur, Vadodara and Vizag in various stages of completion.
The company also has a land bank of 1,846 acres and holds 1,424 acres of SEZ land at Nasik, Maharashtra. Through its subsidiaries, it has delivered over 25 million square feet of commercial and residential projects, including the iconic Indiabulls Blu Estate & Club residential towers in Worli, and commercial assets such as One Indiabulls Centre and Indiabulls Finance Centre in Lower Parel.
The company's residential projects include Indiabulls Daffodils Tower, Indiabulls BLU Estate and Club, Indiabulls Sky and Golf City. Its commercial projects include One Indiabulls Vadodara, ONE09 Gurgaon, One Indiabulls Park and Megamall. Its SEZ projects include Indiabulls Neo City. Indiabulls Real Estate Limited's projects are spread across India in various locations such as Mumbai, Delhi, Madhurai and Vadodara.
Indiabulls Real Estate Financial Highlights
- Revenue: Indiabulls Real Estate reported revenue of ₹1,905.12 crore in FY26 vs ₹2,546.97 crore in FY25. It showed a decrease of 25.20% on a yearly basis.
- Operating Profit: Indiabulls Real Estate reported an operating loss of ₹897.32 crore in FY26 vs ₹27.32 crore in FY25. It showed a decrease of 3,384.48% on a year-on-year basis.
- Net Profit: Indiabulls Real Estate reported a net loss of ₹874.29 crore in FY26 vs ₹202.93 crore in FY25. It showed a decrease of 530.83% on a yearly basis.
Indiabulls Real Estate Quarterly Result Highlights
- Indiabulls Real Estate reported revenue of ₹241.28 crore in Jun 2026, compared with ₹407.21 crore in Mar 2026, representing a decrease of 40.75% on a quarter-on-quarter (QoQ) basis.
- Indiabulls Real Estate reported an operating loss of ₹237.68 crore in Jun 2026, compared with ₹344.87 crore in Mar 2026, representing an increase of 31.08% on a quarter-on-quarter (QoQ) basis.
- Indiabulls Real Estate reported a loss of ₹237.97 crore in Jun 2026, compared with ₹325.57 crore in Mar 2026, reflecting an increase of 26.91% on a QoQ basis.
- The earnings per share (EPS) of Indiabulls Real Estate stood at ₹6.43 during Jun 2026.
Data Source: BSE, Company announcements
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