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Indiabulls Real Estate raises Rs 30 crore

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Indiabulls Real Estate has raised Rs 30 crore through issue of non-convertible debentures (NCDs) on private placement basis.The coupon rate for the NCDs is 10 per cent. Indiabulls Real Estate is developing 11 projects with a total saleable area of 30.51 million sq ft. It has presence in key metros of Mumbai, NCR and Chennai. It has also entered London property market.

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