Indiabulls Signs 3,700 Crore Deal for Dwarka Expressway Project

Indiabulls signs a development management agreement for a 10.84-acre residential project on Gurugram’s Dwarka Expressway, with an estimated ₹3,700 crore GDV and 21 lakh sq ft of saleable area.

India Bulls Ltd., which is formerly called Yaari Digital Integrated Services Ltd., extends its pipeline of residential projects through an agreement with a private landowner on the Dwarka Expressway in Gurugram. The planned project is expected to have a Gross Development Value (GDV) of ₹3,700 crore, making its mark in one of the major residential corridors of the National Capital Region.

The total size of the project is around 10.84 acres and provides about 21 lakh square feet of saleable space. The development is done by Indiabulls in a Development Management (DM) structure, where the company develops the project without taking possession of the land. This helps the firm to increase its projects’ portfolio without carrying much land assets.

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The launch of this venture is scheduled for mid-October 2026, just before the festive period. The phases of 1 and 3 of this venture have been registered as per the Real Estate (Regulation and Development) Act, and thus provide regulatory support for its intended launch. It is projected that this venture will bring many residences to the Dwarka Expressway market, which has seen much demand for premium housing.

The introduction of this project increases Indiabulls' total GDV of projects to ₹27,308 crore. It can therefore be said that this new project adds significantly to their existing projects and helps create more visibility for future sales and development.

Development management is also part of Indiabulls' wider strategy aimed at expanding their business in the real estate industry through partnering. Rather than investing in significant resources in land acquisition, Indiabulls utilizes its strength in developing, executing, branding, selling and marketing of projects. This can help the developer be involved in profitable projects without tying up finances.

The location of the project makes it even more appealing. Dwarka Expressway is proving to be one of the most sought-after residential areas linking Gurugram and Delhi that are seeing a lot of investment in infrastructure facilities. It has been gaining popularity owing to improved connectivity and social infrastructure.

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It is against this backdrop that the latest directive becomes relevant, as Indiabulls works towards increasing its development pipeline in various urban centers. The ₹3,700 crore project allows for scale in the company’s Gurugram portfolio, as well as participation in future residential growth in the area.

This project is an important milestone in the expansion plan of Indiabulls because of the large area of land involved in the project which amounts to about 21 lakh sq ft saleable area and the project plans to be launched in October 2026. This project is a perfect example of the increasing trend of light asset partnerships.