Indiabulls has signed an agreement to develop a Rs 37 billion (bn) residential project on the Dwarka Expressway, the company said in a statement. The project adds a large residential parcel to the firm’s development pipeline along the strategic Delhi–Gurugram corridor. The deal underlines the group’s focus on expanding its housing portfolio in high-demand locations. The agreement outlines the principal terms under which the group will undertake planning and execution of the site.

The development will comprise multiple housing segments and associated amenities, according to the announcement. The company positioned the project as a response to sustained interest in organised residential supply along the expressway. Site selection reflects a preference for locations with strong transport links and access to employment centres. Design and delivery will be aligned with prevailing regulatory norms and market expectations for residential developments.

Rs 37 bn of investment increases the company’s ongoing project value and is intended to strengthen its market presence in the region. Executives framed the move as part of a broader strategy to enhance the long-term asset base and capture housing demand in outer urban corridors. The project is also expected to support construction activity and local employment during delivery. Financial and operational details were not disclosed in the announcement.

The Dwarka Expressway has emerged as a notable growth corridor and continues to attract sizeable residential projects from established developers. Observers noted additions to inventory can influence supply dynamics along the corridor without immediate uniform effects on pricing. The signed agreement marks the next stage in the company’s execution plan for projects adjacent to major transport links. Stakeholders will monitor the project as it moves from agreement to implementation stages.