
Business Update25 Aug 2026, 11:58 am
Indiabulls Ltd Signs Development Management Deal for Gurugram Project
AI Summary
Indiabulls Limited has entered into an agreement with a private landlord for the Development Management of a residential project on approximately 10.84 acres on Dwarka Expressway, Gurugram. Phase 1 and 3 of the project have received RERA registration, with a launch anticipated by mid-October 2026. The project boasts an estimated saleable area of 21 lakh sq. ft. and a Gross Development Value (GDV) of around Rs. 3,700 crores. This new project increases the company's total GDV across all projects to Rs. 27,308 crores.
Key Highlights
- Indiabulls Ltd secures new Development Management agreement.
- Project located on Dwarka Expressway, Gurugram, spans 10.84 acres.
- Estimated GDV of the new project is Rs. 3,700 crores.
- Total project GDV for the company now stands at Rs. 27,308 crores.
- Project expected to launch by mid-October 2026.
Price Impact
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