NEW DELHI: Indiabulls (formerly Yaari Digital Integrated Services) has entered into a joint venture with a private land-owning entity for the development of a commercial project on approximately 2.38 acres in sector 103, Gurugram, along the Dwarka Expressway.
The gross development value of the joint venture is estimated to be ₹600 crore.
The proposed development will comprise of office spaces, retail, food and beverage facilities, and service apartments.
In a separate development, TARC has launched a new phase, ‘Ishvara’, at its residential project in sector 63A, Gurugram, following regulatory approvals for expansion.
The addition comes after the company acquired an adjoining land parcel, taking the total project area to over nine acres. With the new phase, the development now comprises six towers with 518 residential units.
The expanded project has a total development potential of nearly 1.7 million sq ft, with an estimated gross development value (GDV) of around ₹3,600 crore.
