Dhani Services, through its wholly owned subsidiary company, has executed Memorandum of Understanding (MoU), with certain land owners on 5.37 acres in Sector 104, Gurgaon, to develop real estate projects, which shall be subject to registration with Real Estate Regulatory Authority and other applicable regulatory approvals.
This MoU will expand its 100% owned ongoing project ‘Indiabulls Estate & Club’ in Sector 104, Gurgaon from 24 acres to 29.37 acres. The aggregate development on 29.37 acres will be 70.8 lacs sq. ft. and thus the expected revenue basis current selling prices in the project would be around Rs 12,065 crore.
Dhani Services, along with its subsidiaries and associate, primary businesses are ‘Real Estate development and related activities’, ‘Broking and Related activities’, ‘Financing, Digital wallet services and related activities’, ‘Asset Reconstruction and Related activities’ and ‘E-Commerce and related activities’.
