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Pursuant to Regulation 30 and different relevant provisions of the SEBI LODR Regulations, please learn that the Board of Directors of Indiabulls Real Estate Limited at its meeting held today i.e. April 5, 2024, has, inter-alia, mentioned & accredited Fund-raise via preferential issue of equity shares and convertible warrants, on a private placement foundation, for cash consideration, aggregating to approx. Embassy Group, led by chairman Jitendra Virwani, plans to infuse extra capital and belongings into Indiabulls Real Estate Limited , of which it holds the largest stake. The merger of Embassy’s residential and industrial projects with IREL, once permitted by the National Company Law Appellate Tribunal, will create the nation’s largest real estate developer. Canada’s new limit on visas for international students will cool the excessive demand for rental units and sluggish the speed of lease hikes, however it will not essentially be a big consider fixing the nation’s housing affordability disaster, observers say.

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