BPTP is working with a landowner to develop an 11-hectare residential project in Faridabad

Real estate firm BPTP Ltd has partnered with a landowner to develop an 11-acre residential project in Surajkund, Faridabad, as part of its expansion plan.BPTP arm Urban Realtech Pvt Ltd has entered into a joint development agreement with the land owner for the development of a residential group housing project on a plot of approximately 11 hectares in Sector 39, Surajkund, Faridabad.

The proposed project is expected to have a potential buildable area of ​​more than 2 million square meters, the company said, but did not disclose the investment and revenue potential of this upcoming project.

Kabul Chawla, Chairman and Managing Director of BPTP, said: “We believe Faridabad continues to demonstrate structural growth momentum, supported by improving connectivity and changing residential demand patterns. Surajkund in particular stands out as a differentiated micro market with long-term potential due to its established ecosystem and natural environment.

This upcoming project will further strengthen the company’s portfolio in Delhi-NCR, he added.

The BPTP group has completed many residential and commercial projects across multiple locations in Delhi-NCR.

To expand their businesses, Indian real estate developers are partnering with landowners to build residential and commercial projects. This asset-light model helps real estate companies focus solely on project development.

Landowners also benefit because they earn more from joint development compared to selling plots directly to builders.