Indiabulls realty arm acquires hotel property in Goa

Tuesday, May 15, 2007, 16:41 [IST]

New Delhi, May 15 (UNI) Indiabulls Real Estate Ltd (IREL) today said its wholly-owned subsidiary, Diana Buildwell Pvt Ltd, has acquired a hotel property from Sterling Holiday Resorts India Ltd (SHRIL) for an undisclosed amount.

The subsidiary has acquired the sea-facing property with land spread over 21 acres at Vagator Beach, Goa, a statement said.

Earlier, promoters of IREL injected Rs 450 crore in the demerged realty arm of Indiabulls.

UNI

Topics: estate, ltd, (irel), wholly-owned, subsidiary, diana, buildwell, pvt, ltd, acquired

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