Indiabulls through its group companies entered Indian Real Estate business in 2005. Recognizing the magnitude and profitability of the opportunity, Indiabulls entered the Indian Real Estate market and become the first company to bring FDI in Indian Real Estate through a JV with Farallon Capital Management LLC, a respected US based investment firm.

Year 2006 started on a promising note when the Government of India provided fresh impetus to the construction and development sector by allowing 100% foreign direct investment (FDI) under the ‘automatic route’ in order to spur investment in the vital infrastructure sector. Positive economic growth has been the fulcrum of India’s real estate boom .

Indiabulls' foreign partner, Farallon Capital made the first real estate related FDI investment in Indiabulls to buy Jupiter Mills immediately after the new FDI guidelines were introduced by the Government of India for real estate development in March 2005.

Indiabulls is currently evaluating many large-scale projects worth several hundred million dollars. It has access to large pools of capital and with the aid of a competent partner, combined with agile organization allows it to compete for and win large projects.

Early regulatory and legal roadblock (NTC mill land case) gave Indiabulls tremendous advantages in understanding and navigating legal and regulatory hurdles.

Jupiter & Elphinstone Mills:

Indiabulls made winning bids for the Jupiter and Elphinstone Mills in Mumbai in an auction carried out by the National Textiles Corporation (NTC), a Government of India undertaking. The company will now develop modern commercial complexes in the heart of Mumbai - the financial capital of India.

Sonepat Housing Development:

Indiabulls Real Estate Pvt. Ltd, the real estate arm of Indiabulls Financial Services, will set up an integrated township spread across 115 acres in Sonepat, 15 km from Delhi. The township would have residential, commercial and recreational facilities.

Delhi Residential Development:

Indiabulls has tied up with DLF Universal to form a 50:50 joined venture called Kenneth Builders & Developers to develop residential and commercial properties across India. To start with, Kenneth Builders & Developers has acquired 35.8 acres of land from Delhi Development Authority (DDA) through a competitive bidding process for Rs 450 crores. DDA had called for bids to develop residential projects under its public-private partnership project. The JV Company would develop high-end residential property in NCR.