Indiabulls Ltd Enters Joint Venture for Premium Commercial Project in Gurgaon

Indiabulls Ltd has entered into a Joint Venture with a private land-owning entity for the development of a premium commercial project on approximately 2.38 acres in Sector 103, Gurgaon, along the Dwarka Expressway. The proposed development is envisioned to comprise modern office spaces, retail, food and beverage facilities, and service apartments. The Company believes this project represents a significant addition to its real estate portfolio and is well-positioned to benefit from the strong demand dynamics along the Dwarka Expressway corridor. The Gross Development Value of the JV is estimated to be Rs. 600 crores. The Company's existing residential projects in Gurgaon — IB Heights and IB Estate & Club, both in Sector 104 — continue to witness healthy sales momentum.