DelhiDesk In January 2020, Indiabulls Real Estate announced its plans to merge with two companies of the Embassy Group, NAM Estates and Embassy One Commercial Property Developments. The merger is expected to create one of India’s largest real estate companies with a combined portfolio of commercial, residential, and hospitality properties. The deal is still pending regulatory approvals.

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👉 Indiabulls Real Estate announced plans for a merger in January 2020.

👉 The merger involves NAM Estates and Embassy One Commercial Property Developments, both companies of the Embassy Group.

👉 The merger is expected to benefit all parties involved and create a stronger presence in the real estate market.

👉 The merger will result in Indiabulls Real Estate owning a 50% stake in the merged entity.

👉 The merged entity will have a combined portfolio of over 80 million sq ft of assets.

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