Indiabulls Real Estate gets 'PR1' ratings from CARE

NEW DELHI: Credit Analysis & Research Ltd(CARE) has announced assigning PR1(PR One Plus) rating for the proposed borrowings of the Indiabulls Real Estate Ltd for maturity not exceeding one year.

This is a city-based real estate company. IBREL is engaged in carrying on the business of real estate projects advisory, construction and development of real estate projects. IBREL is involved in three business segments: Real estate projects advisory, construction and development of real estate projects; power generation and allied activities.

CARE is a full service rating firm that offers a complete range of rating and grading services. CARE has an unparallel depth of expertise. CARE Ratings has completed over 8488 rating assignments till September 30. It came into existence in April 1993. CARE is recognised by Securities and Exchange Board of India (Sebi) and Reserve Bank of India (RBI).