Indiabulls Real Estate executes term sheet for divestment of two offices in Gurugram

Indiabulls Real Estate ('the Company') has entered into a non-binding term sheet with a globally renowned real estate investor to divest its 50% stake in two office assets in Udyog Vihar, Gurugram, aggregating 784,000 sq ft leasable office space, which are presently owned by the Company through its wholly owned subsidiaries.

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