Indiabulls Real Estate FY2011 Annual Report available for download at:
http://www.business-beacon.com/kommon/bin/sr.php?kall=wcos&cocode=369628&type=s&tab=1010

You need to pay Rs. 137.88 though :(

Indiabulls has now got the environmental clearance for SkySuites+SkyProjects (subject to civil aviation ministry):

http://ec.maharashtra.gov.in/files/SEIAA_MoM_43.pdf

In my view the value of the residential components of the two projects alone comes to about Rs 6000 crores. ( IBREAL has ~50% share in IPIT implementing these projects. Refer to the payment plans for prices:
http://paras.investors-clinic.com/images/listing_photos/213_paymentplan.jpg)


Its a big positive if they also get civil aviation permissions for 270 m height buildings.

Luke,

I received the  Indiabulls Infra and Power shares yesterday. I think they will list it separately (without merging with IB-power) this March/April.

Originally posted by luke123 What is the point of listing it?? only thing it has is IBpower shares and that too 1:1. They should merge it and get done with it..   Luke

I think all the shares of IBPower with the new company are pledged. There might be some restrictions due to that. Also, the promoters might have some advantages in controlling more shares of IBPow through a simple holding company.  The new company also might have some other infrastructure business (at least the name implies that).

For minority shareholders, it is better if they merge. The promoters might have different plans.


Lets wait and see what they do with it.