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Dhani Services takes over two Indiabulls firms
2022-12-28
Capital market player Dhani Services has ventured into the real estate market with the takeover of Indiabulls Real Estate's subsidiaries, Juventus Estate and Mabon Properties, for Rs 2.40 billion.The two firms together have a land parcel of 35 acres near Dwarka Expressway in Gurugram. Juventus clocked more than Rs 1 crore in revenues for 2021-22.
The development comes as housing sales in India's major real estate markets shot up by 40% in the first nine months of 2022, even as interest rates kept rising and made housing loans more expensive. The growth of the Indian real estate market and its resilience is making it attractive to investors.
See also:
Mumbai will soon be home to India's tallest tower
Boost in real estate market, highest no. of units registered
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