Indiabulls Signs Development Management Agreement for ₹3,700 Crore Gurugram Residential Project

BY ADMIN • FILED 25 Aug 2026, 4:48 PM

Indiabulls Limited, formerly known as Yaari Digital Integrated Services Limited, has announced a significant business development in the real estate sector. The company has entered into an understanding and agreement with a private landlord to undertake the Development Management of a residential project spread across approximately 10.84 acres on Dwarka Expressway, Gurugram.

New Gurugram Project

According to the company’s exchange filing dated August 25, 2026, the proposed residential project is located on Dwarka Expressway in Gurugram, one of the key real estate corridors in the National Capital Region. Phase 1 and Phase 3 of the project have already received RERA registration, while the overall project is expected to be launched by mid-October 2026.

The project is estimated to have a saleable area of approximately 21 lakh sq. ft. and a Gross Sales Value (GDV) of around ₹3,700 crore. The development management arrangement adds another sizeable project to Indiabulls’ real estate portfolio and could strengthen its future development pipeline.

₹27,308 Crore Total Project GDV

With the addition of this Gurugram project, the total GDV of all projects of Indiabulls Limited has increased to approximately ₹27,308 crore. The increase in the company’s overall project pipeline highlights the scale of its residential development portfolio and provides additional visibility for future sales and project execution.

Project Launch Expected in October 2026

The company expects to launch the project by mid-October 2026, subject to the applicable project development and regulatory processes. The location on Dwarka Expressway could be strategically important given the area’s ongoing residential and infrastructure development.

No Separate Capex Details Disclosed

The August 25 filing does not disclose a specific capital expenditure amount for the project. Since the arrangement is described as a Development Management agreement with a private landlord, investors should look for subsequent disclosures regarding project execution, development costs, revenue recognition and the company’s economic participation in the project.

Order Book / Project Pipeline

While Indiabulls is not reporting an order book in the conventional industrial or infrastructure-company sense, the company has disclosed its total project GDV of approximately ₹27,308 crore after adding the new Gurugram development. The newly announced project contributes approximately ₹3,700 crore to this overall GDV.

Management Commentary

The company has not provided detailed management commentary or financial guidance in the August 25 exchange filing. However, the announcement indicates that Indiabulls is continuing to expand its residential development pipeline through development management arrangements. The company has highlighted the project’s location, estimated saleable area, GDV and expected launch timeline as key details of the development.

Key Points for Investors

Indiabulls has agreed with Development Management for a residential project.
The project is spread across approximately 10.84 acres.
Location: Dwarka Expressway, Gurugram.
Estimated saleable area: 21 lakh sq. ft.
Estimated GDV: ₹3,700 crore.
Phase 1 and Phase 3 have received RERA registration.
Project launch is expected by mid-October 2026.
Total GDV of Indiabulls’ projects increases to approximately ₹27,308 crore.
The company has not disclosed a specific capex requirement in this filing.
Investors should monitor subsequent disclosures for project execution, sales bookings and financial impact.

What This Means for Indiabulls

The addition of a ₹3,700 crore residential development strengthens Indiabulls’ real estate project pipeline and increases its overall disclosed project GDV to ₹27,308 crore. The upcoming launch on Dwarka Expressway will be an important milestone, particularly as the company moves from project development toward sales and execution. However, the actual financial impact will depend on project sales, execution progress, costs, and the company’s economic arrangement under the development management agreement.

Disclaimer

This article is based on the company’s exchange filing dated August 25, 2026 and is intended for informational and educational purposes only. The project GDV mentioned above is an estimate provided by the company and should not be treated as guaranteed revenue or profit. Investors should review the company’s official disclosures and conduct their own research before making any investment decision. This article does not constitute investment advice or a recommendation to buy or sell any security.