20 Jun 07 Indiabulls Real Estate Housing Project in Chennai, Tamilnadu

Indiabulls Real Estate has informed the stock exchanges that it has acquired land in Tamil Nadu for two housing projects through its subsidaries. This includes an agreement to buy 50 acres of land in Chennai for a housing project by Selene Estate, a wholly owned subsidary of IndiaBulls. Another subsidary of Indiabulls, Fama Land Development Pvt. Ltd. is in the process of acquiringÃ‚Â 241 acres of land in Tamilnadu. Of this 241 acres, it has already acquired close to 200 acres of land.

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