Indiabulls has signed an agreement for a residential project valued at ₹3,700 crore on Gurugram's Dwarka Expressway, the company confirmed in a report published by CNBC-TV18. The new addition takes the developer's total project gross development value (GDV) to ₹27,308 crore, with the latest project expected to be launched in October.

The deal reinforces Indiabulls' growing presence in the Gurugram real estate market. The Dwarka Expressway, an approximately 28-kilometre access-controlled corridor connecting Delhi with Gurugram, has emerged in recent years as one of the National Capital Region's most active residential and commercial development zones, attracting significant investment from major developers. The corridor's development has been closely tied to infrastructure upgrades in the wider NCR, where improved connectivity has supported new residential supply along the expressway belt.

With the latest signing, Indiabulls' cumulative project pipeline now stands at ₹27,308 crore in GDV, a metric used by Indian real estate developers to denote the total revenue a project is expected to generate over its lifetime. For readers tracking the sector, the October launch will offer an early indication of buyer response to new supply in this corridor, and the pace of sales at the project will factor into how the company's pipeline converts into revenue over time.

Source: CNBC-TV18