Indiabulls Signs Agreement for ₹3,700-Crore Residential Project on Dwarka Expressway

Indiabulls Ltd, formerly known as Yaari Digital Integrated Services, has entered into an agreement with a private landlord to undertake the development management of a residential project located on the Dwarka Expressway in Gurugram.

Spread across approximately 10.84 acres, the project features an estimated saleable area of 21 lakh square feet. According to the company, the Gross Development Value (GDV) of the project is estimated at around ₹3,700 crore.

Phases 1 and 3 of the project have already secured RERA registration. The company plans to launch the project by mid-October 2026, timing the release ahead of the festive season to capitalize on residential demand in the region.

Indiabulls stated that this addition strengthens its overall launch pipeline and allows the firm to establish a presence in the residential market along the Dwarka Expressway corridor. With the inclusion of this new site, the total GDV of all Indiabulls projects has reached ₹27,308 crore.

The development is structured under a Development Management (DM) arrangement with the private landlord. This model enables Indiabulls to utilize its execution, branding, sales, and marketing capabilities without needing to acquire the underlying land.

The company noted that this asset-light approach allows it to expand its project pipeline while preserving financial flexibility and generating development fee income. Furthermore, Indiabulls indicated that this project could serve as a model for pursuing similar landlord-partnered developments across the National Capital Region, the Mumbai Metropolitan Region, and other Tier-1 cities.

Through this planned launch and expected price realizations in the Dwarka Expressway market, the company aims to secure steady revenue visibility moving forward.

"The development management model adopted by Indiabulls for the Dwarka Expressway project highlights a strategic approach to real estate expansion. By partnering with private landowners instead of committing capital to land acquisition, companies can maintain financial flexibility while scaling their project pipelines. This asset-light strategy, backed by RERA registrations and timed for seasonal market demand, offers a sustainable framework for developers looking to grow their footprint in major urban markets like the National Capital Region and Mumbai." — Dr. Shishir Gupta, Founder & CEO, StartupLanes