INDIABULLS REAL ESTATE LTD. - Joint Development Agreement

Indiabulls Real Estate Ltd has informed BSE that Tapir Realty Developers Ltd, a 100% subsidiary of the Company, has entered into a Joint Development Agreement with Oricon Properties Pvt. Ltd, a subsidiary of Oricon Enterprises Limited, for development of 7810 sq. mtrs. plot situated at Dr. E. Moses Road, Worli, Mumbai - 400018.