Indiabulls Properties Investment Trust (the Trust) is a Singapore-based business trust. The principal activity of the Trust would be to achieve competitive long term returns by investing, either directly or indirectly, primarily in income-producing properties across the globe, with at least the majority consisting of income-producing commercial/hospitality space; acquiring and/or developing properties across the globe (with at least the majority of the Trust's assets consisting of commercial/hospitality space) and either holding or selling all or a portion of developed properties upon completion, and investing in real-estate related assets in connection with the foregoing. The Trust operates through two segments: commercial segment, which develops, leases and manages the commercial space, and residential development segment, which develops and sells residential property. Indiabulls Property Management Trustee Pte. Ltd. is the trustee-manager of the Trust.