1 week ago
Indiabulls Shares Volatile After Gurugram Project Update
Indiabulls is a company whose shares are traded on the stock market.
On Tuesday, 25 August, its shares first rose and then fell back.
This happened after the company announced plans for a large housing project in Gurugram.
The project will be built on about 10.84 acres near Dwarka Expressway.
Some parts of the project have already received RERA registration.
The company expects to launch it by mid-October 2026.
The project could generate sales worth about ₹3,700 crore.
Indiabulls also has a separate legal matter involving a Supreme Court-ordered CBI probe.
The company’s shares have still risen 57% this year, despite the day’s volatility.
Indiabulls shares rose 5% to ₹28.23 before reversing gains and trading at ₹26.78 around 1:25 PM.
The company agreed with a private landlord to develop a residential project on approximately 10.84 acres along Dwarka Expressway, Gurugram.
Phases 1 and 3 have received RERA registration, with the project expected to launch by mid-October 2026.
The project has an estimated saleable area of 21 lakh square feet and a gross development value of about ₹3,700 crore.
Indiabulls also faces attention over a Supreme Court-ordered Central Bureau of Investigation probe involving Indiabulls Housing Finance and associated entities.
- Who
- Indiabulls, a private landlord, and investors in Indiabulls shares.
- What
- Indiabulls announced an agreement to undertake development management of a Gurugram residential project, triggering sharp intraday share-price movements.
- Where
- On approximately 10.84 acres along Dwarka Expressway in Gurugram, India.
- When
- Tuesday, 25 August; the project is expected to launch by mid-October 2026.
- Why
- The announcement concerned a project with an estimated gross development value of ₹3,700 crore; the company also remains under attention because of a Supreme Court-ordered CBI probe involving Indiabulls Housing Finance and associated entities.
Key facts
- Opening share price
- ₹27
- Intraday upper circuit
- ₹28.23, after a 5% rise
- Price around 1:25 PM
- ₹26.78, down 0.41%
- Project location
- Dwarka Expressway, Gurugram
- Project size
- Approximately 10.84 acres and 21 lakh square feet of estimated saleable area
- Project gross development value
- Around ₹3,700 crore
- Expected launch
- Mid-October 2026
- Year-to-date share performance
- Up 57%, compared with a 9% decline in the Sensex
Sources
Related news
Indiabulls Adds ₹3,700 Crore Gurugram Project Pipeline
Veegaland Developers Sets ₹130-₹140 Price Band For IPO
Ananda Crown Receives RERA Approval for Mohali Towers
Ashoka Buildcon Shares Surge on ₹602-Crore RVNL Order
Arkade’s Four Mumbai Redevelopment Projects Target ₹5,000 Crore
PUCL Urges CJI Action Over Rajasthan High Court Allegations
Supreme Court Questions IPS Deputation for CAPF Leadership Positions
Supreme Court Quashes 20-Year Conviction, Reaffirms Juvenile Legal Protections
Two Years After RG Kar Doctor's Rape-Murder, Case Remains Unresolved
ED widens Chhattisgarh probes with two arrests and searches
