Indiabulls Limited to Develop Residential Project on Dwarka Expressway with ₹3,700 Crore GDV
Indiabulls Limited will manage the development of a residential project on 10.84 acres on Dwarka Expressway, Gurugram. The project, expected to launch by mid-October 2026, has an estimated saleable area of 21 lakh sq. ft. and a Gross Development Value (GDV) of approximately ₹3,700 crores. This increases the company's total GDV to ₹27,308 crores.
The development of a new residential project with a significant GDV is a material event for the company, contributing to its overall project portfolio and future revenue potential. However, it is a development management agreement and not a direct acquisition, moderating the immediate impact.
The announcement details a new business development which is expected to increase the company's Gross Development Value, indicating positive growth prospects.
Indiabulls Limited (formerly Yaari Digital Integrated Services Limited) has entered into an understanding and agreement with a private landlord to undertake Development Management of a residential project. The project is proposed to be developed on approximately 10.84 acres on the Dwarka Expressway in Gurugram.
Phases 1 and 3 of the project have already received RERA registration. The project is expected to be launched by mid-October 2026 and has an estimated saleable area of 21 lakh sq. ft. The Gross Development Value (GDV) of this project is estimated to be around ₹3,700 crores. Following this development, the total GDV of all projects of the Company now stands increased to ₹27,308 crores.
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