New Launch19 Mar 2025, 11:34 pm
Dhani Services Ltd Expands Real Estate Project in Gurgaon by 5.37 Acres
AI Summary
Dhani Services Ltd, through its wholly owned subsidiary, has executed a Memorandum of Understanding (MoU) with certain land owners on 5.37 acres in Sector 104, Gurgaon. This MoU is to develop real estate project(s), subject to registration with Real Estate Regulatory Authority and other applicable regulatory approval(s). This expansion will increase the size of the ongoing project ‘Indiabulls Estate & Club’ in Sector 104, Gurgaon from 24 acres to 29.37 acres. The total development on 29.37 acres will be 70.8 lacs sq. ft., with an expected revenue of approximately 12,065 cr based on current selling prices in the project.
Key Highlights
- Dhani Services Ltd is expanding its real estate project in Gurgaon by 5.37 acres.
- The expansion will increase the size of the ongoing project ‘Indiabulls Estate & Club’ from 24 acres to 29.37 acres.
- The total development on the expanded area will be 70.8 lacs sq. ft.
- The expected revenue from the expanded project is approximately 12,065 cr.
- The MoU is subject to registration with Real Estate Regulatory Authority and other applicable regulatory approval(s).