New Innings: RDB & Bigbull Build Retirement Haven in Gurugram

RDB Infrastructure and Power has entered into a memorandum of understanding (MoU) with Bigbull Infrabuild to jointly develop a commercial-cum-retirement housing project in Gurugram, Haryana.

This move comes in the wake of RDB Infrastructure’s recent 10:1 stock split, a strategic decision aimed at improving share liquidity and attracting a broader investor base. the proposed development will be constructed on a 2.8375-acre parcel of land owned by RDB Infrastructure, located in Sector 70A, Village Palra, Sub-Tehsil Badshahpur in Gurugram.

The focus of the project is on multi-storied retirement housing, reflecting a growing market segment driven by India's evolving lifestyle needs and the increasing demand for senior-centric urban living spaces. a revenue-sharing model in which RDB Infrastructure, as the landowner, will receive 31.5 percent of the revenue, while Bigbull Infrabuild, the developer, will take the remaining 68.5 percent.

RDB Infrastructure disclosed the sale of a non-agricultural leasehold land parcel in Surat, Gujarat, to Samprati Buildcon for a total consideration of Rs 60 crore. The land, measuring 10,667.52 sq. mtrs., is part of Final Plot No. 98 under Town Planning Scheme No. 7 (Anjana) and falls within the jurisdiction of the Surat Municipal Corporation. 

News by Rahul Yelligetti.