Indiabulls Real Estate Sells Its Subsidiaries to Dhani Services

The growth of the Indian real estate market and its resilience has attracted capital market player Dhani Services into real estate. The firm has ventured into selling properties with the takeover of Indiabulls Real Estate's subsidiaries, Juventus Estate and Mabon Properties for Rs 240 crore.

Both firms together have a land parcel of 35 acres near Dwarka Expressway in Gurugram. Juventus also clocked more than Rs 1 crore in revenues for 2021-22.