Track2Realty: Indiabulls Real Estate Limited (IBREL) today announced robust growth in sales and earnings for the quarter ended December 31, 2012. The company registered total sales of Rs 1,201 crore, up by 267% from Rs 449 crore achieved in Q3 FY12.

Track2Realty Exclusive: The current environment necessitates greater discipline in marketing, steered by a well-conceived strategy. Absorption levels in many cities, both in the residential and commercial segments would indicate that developers are carrying surplus inventory on their balance-sheets.