Indiabulls bets big on power; to spend 25,000 cr
Indiabulls real estate has, in a very short time, become one of the largest real estate players in Mumbai, particularly after four land acquisitions in lower Parel in Mumbai. Gagan Banga, CEO of Indiabulls Financial Services, talks exclusively to NDTV profit about real estate plans, its power business and the rationale behind the recent demerger announcement. He said power has now reached a size where it should operate on its own and shareholders will benefit by this.
