India, Aug. 27 -- Indiabulls Limited has expanded its real estate development pipeline with a new premium residential project on the Dwarka Expressway in Gurugram, taking the company's total real estate portfolio Gross Development Value (GDV) to Rs.27,308 crore.

The company has entered into a Development Management (DM) agreement with a private landlord for the project, which will be spread across approximately 10.84 acres and have around 21 lakh sq. ft. of saleable area. The project carries an estimated GDV of approximately Rs.3,700 crore, according to the company's investor press release.

The latest mandate is also significant for Indiabulls' stated medium-term ambition of scaling its total real estate portfolio GDV to approximately R...