In a BSE filing, Indiabulls Real Estate informed that the company through is wholly-owned subsidiary Yashita Buildcon entered into a binding and definitive agreement to acquire a prime and newly constructed commercial building, having leasable area of approx 2.5 lakh sq ft in Gurgaon.
"The deal is expected to get completed in three to four months when the Occupation Certificate of the building is expected to be received," the filing said.
Indiabulls Real Estate did not disclose the name of the seller and deal value.
This building is situated at a developed prime commercial location, where many leading multi-nationals are operating in nearby vicinity.
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