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Indiabulls and TARC Expand Presence with New Gurugram Developments: ₹600 Cr Commercial Project, ₹3,600 Cr Residential Phase

  • by- Grihik
  • Mar 25, 2026
Indiabulls has entered a joint venture for a commercial project on Dwarka Expressway with an estimated GDV of ₹600 crore, while TARC has launched a new residential phase 'Ishvara' in Sector 63A, adding 518 units with a GDV of nearly ₹3,600 crore.
Indiabulls and TARC Expand Presence with New Gurugram Developments: ₹600 Cr Commercial Project, ₹3,600 Cr Residential Phase

Gurugram, March 25: Real estate activity in Gurugram continues to gain momentum, with two major developers announcing significant expansions. Indiabulls has entered into a joint venture to develop a commercial project along the Dwarka Expressway, while TARC has launched an additional phase at its residential project in Sector 63A, reflecting sustained demand across both commercial and residential segments in the micro-market.

Indiabulls Enters Commercial Segment on Dwarka Expressway

Indiabulls has formed a joint venture with a land-owning partner to develop a commercial project on approximately 2.38 acres in Sector 103, Gurugram. Located along the Dwarka Expressway, the project is estimated to have a gross development value (GDV) of approximately ₹600 crore.

The planned development will feature a mix of office spaces, retail outlets, food and beverage units, and service apartments. The Dwarka Expressway corridor has seen increased interest from both developers and occupiers in recent years, driven by improving connectivity and growing commercial activity in the region.

This project marks a strategic expansion for Indiabulls in the National Capital Region (NCR). The company has already established a presence in nearby sectors, particularly in residential developments where it has experienced steady traction. The foray into the commercial segment along this emerging corridor allows the company to diversify its portfolio while capitalizing on the area's infrastructure growth.

TARC Expands Residential Footprint with Ishvara Phase

In a separate development, TARC has launched an additional phase at its residential project in Sector 63A, Gurugram. The expansion follows the acquisition of an adjoining land parcel, which has increased the total project area to over nine acres.

The new phase, branded as Ishvara, will comprise six towers with a total of 518 residential units. With this addition, the overall development potential of the project is estimated at approximately 1.7 million square feet, with a gross development value of nearly ₹3,600 crore. The expansion was initiated after receiving the required approvals, allowing the company to scale up the project in a phased manner.

Sustained Demand in Sector 63A

Sector 63A has emerged as a location with consistent residential demand, supported by improving road connectivity and proximity to established commercial hubs in Gurugram. The added inventory under the Ishvara phase is expected to cater to the mid-to-premium segment of homebuyers, where demand has remained stable.

The location's accessibility to key employment centers and the ongoing infrastructure upgrades in the vicinity have contributed to sustained buyer interest, making it a favorable micro-market for residential expansion.

Strategic Implications for Gurugram's Real Estate Market

The concurrent expansion by Indiabulls and TARC highlights continued activity and confidence in Gurugram's real estate market. While Indiabulls is adding commercial supply in an emerging corridor along the Dwarka Expressway, TARC is expanding an established residential project to align with demand and maximize land utilization.

These developments reflect broader trends in the region:

  • Commercial Growth: The Dwarka Expressway corridor is increasingly attracting commercial investments, with developers betting on its connectivity to the Indira Gandhi International Airport and upcoming infrastructure projects.

  • Residential Consolidation: Established developers are scaling up successful residential projects through land acquisitions and phased expansions, responding to sustained demand for quality housing in well-connected locations.

Outlook

With both commercial and residential segments witnessing significant new supply, Gurugram continues to solidify its position as one of India's most dynamic real estate markets. The combined investments of approximately ₹4,200 crore in gross development value between the two projects underscore the confidence of established developers in the region's long-term growth trajectory.

As infrastructure improvements along the Dwarka Expressway and surrounding areas continue to take shape, the micro-markets are expected to see further developer interest and end-user demand in the coming years.