KW Group Acquires 1.5-Acre Freehold Land Parcel in Indirapuram to Develop Ultra-Luxury Residences
Ghaziabad, October 14, 2026: Delhi NCR real estate developer KW Group has acquired a 1.5-acre (approximately 5,965.29 sq m) freehold land parcel in Indirapuram, Ghaziabad, for around Rs 133.98 crore, excluding stamp duty and registration charges, according to a press release issued by the company. The parcel was secured through an auction conducted by the Ghaziabad Development Authority (GDA) on June 20, 2026.
The developer plans to build an ultra-luxury residential project on the site, featuring a development potential of approximately 5 lakh sq ft and an estimated gross development value (GDV) of Rs 877 crore. The upcoming development is backed by a Rs 150 crore commitment from ASK Property Fund, the real estate investment arm of Blackstone-backed ASK Asset & Wealth Management Group.
Commenting on the acquisition in the release, Pankaj Kumar Jain, Director, KW Group, said, “Indirapuram is one of NCR’s most established residential addresses, and the families who live and work here have grown with it. Until now, a buyer looking for a truly luxurious home has had to look towards Delhi, Noida or Gurugram. We want to offer that home in Indirapuram itself: a limited collection of large-format residences, built with the privacy, space and construction quality that luxury buyers expect. ASK Property Fund’s participation reflects confidence in both the location and our 27-year execution record. We will begin construction very soon after obtaining statutory approvals.”
Located along the East Delhi border with direct connectivity to Noida, Indirapuram is a mature residential hub supported by established schools, multi-speciality hospitals, and retail infrastructure, the press release noted. The locality is connected via NH-9, the Delhi–Meerut Expressway, the Delhi Metro Blue Line, the Namo Bharat RRTS corridor, and Hindon Airport, alongside planned connectivity to the Noida International Airport at Jewar.
According to the statement, Ghaziabad’s residential real estate market is experiencing a shift toward higher-value housing, driven by existing homeowners seeking upgrades amid limited new luxury inventory in fully developed neighbourhoods like Indirapuram.
