Indiabulls stepped into the real estate market as Indiabulls Real Estate Limited (IREL) in 2005. A j oint venture between Indiabulls and a US based investment maj or Farallon Capital Management LLC resulted in bringing FDI (Foreign Direct Investment) for the first time in the Indian Real Estate Market. A leading player across residential and commercial real estate projects, IREL partners with internationally acclaimed consultants, for its developments.