Indiabulls Real Estate clarifies on news item

Indiabulls Real Estate clarifies on news item
With reference to the news item appearing in a leading web-portal titled `Indiabulls Realty wins auction to redevelop Mumbai Mantralaya`, Indiabulls Real Estate has announced that the officials of public works department of the Government of Maharashtra opened yesterday the financial bid for `Development of Government buildings in Mantralaya precinct, Mumbai, through private participation` in the presence of all technically qualified bidders.

The officials of the public works department read out the financial bids submitted by all technically qualified bidders.

The financial bid submitted by Indiabulls Real Estate was the highest as informed by the officials.

The company is awaiting the confirmation letter in this behalf from the Public Works Department, Government of Maharashtra.