Indiabulls Limited signs Rs 3,700 crore development deal for Gurugram residential project

New Delhi: Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, has signed an agreement with a private landlord to undertake the development management of a residential project spread across approximately 10.84 acres on the Dwarka Expressway in Gurugram.

The project has an estimated saleable area of 21 lakh sq. ft. and a Gross Development Value (GDV) of around Rs 3,700 crore. Phases 1 and 3 have already received RERA registration, and the project is expected to be launched by mid-October 2026.

The planned launch comes ahead of the festive season, when the company expects to tap residential demand. The project is located along the Dwarka Expressway in Gurugram, a key residential corridor in the National Capital Region.


Read more: Hyderabad’s AI wealth is finding its way into luxury homes

Indiabulls said the addition strengthens its launch pipeline and gives it an opportunity to participate in the residential market along the corridor.

The new project takes the total GDV of all Indiabulls projects to Rs 27,308 crore, according to the company’s August 25 exchange filing.

The company expects the project to provide revenue visibility through the planned launch and potential price realisation in the Dwarka Expressway market.

Read more: State governments need to see the economic potential of golf course, says PGTI CEO Amandeep Johl

The project is being developed under a Development Management arrangement with the private landlord. This allows Indiabulls to use its development, execution, branding, sales and marketing capabilities without acquiring the land.

The company said the model allows it to expand its project pipeline while maintaining financial flexibility and generating development fee income.

Indiabulls said the project could provide a template for pursuing similar landlord-partnered development opportunities across the National Capital Region (NCR), Mumbai Metropolitan Region (MMR) and other Tier-1 cities.