RPS awards KBE construction contract worth over ₹450 crore in Faridabad
The contract covers Phase 3 of RPS 12th Avenue in Sector 27C, but no construction schedule or handover date has been announced.
Key points
- The contract covers Phase 3 of RPS 12th Avenue in Sector 27C, Faridabad.
- The nine-acre phase includes Crosswalk mall and three residential towers at The Wisterias South.
- The wider RPS 12th Avenue ecosystem spans about 34 acres.
- No construction start date or Phase 3 completion schedule was announced.
RPS Infrastructure Ltd awarded Krishna Buildestates Pvt Ltd (KBE) a construction contract worth over ₹450 crore on 22 October 2026 for Phase 3 of RPS 12th Avenue in Sector 27C, Faridabad. The phase covers about nine acres on Main Mathura Road and forms part of a wider 34-acre development.
The award is for construction work, not a sales launch or a possession announcement. The contract disclosure does not give a start date, construction timeline or handover date. It also does not set out a breakdown of the contract value.
Mall and residential towers in Phase 3
Phase 3 comprises the Crosswalk mall and The Wisterias South, a residential development with three towers. The architectural blueprint for the phase has been completed by design firm Benoy, and KBE will lead construction under the contract.
The site is on Main Mathura Road, also known as NH-2, in Sector 27C. The road connects Delhi and Faridabad. RPS describes 12th Avenue as a flagship project, but the contract announcement does not provide sales figures, prices or a revised schedule for the wider development.
KBE joint managing director Bharat Bahl said the company was proud to be associated with Phase 3 and referred to timely delivery and construction quality. The statement did not include a project timeline. No independent analyst or buyer-association comment on the contract was available.
What buyers and investors should watch
For buyers, the contract award confirms the appointment of a construction contractor for this phase. It does not, by itself, change the sales status, prices, regulatory registration or possession date of any tower. Buyers should check the Haryana RERA registration for the specific component they are considering, including The Wisterias South, The Wisterias North or Crosswalk, rather than relying on a project-wide reference.
The available Haryana RERA listing identifies RPS Infinia 12th Avenue-Phase II & III under registration HRERA-PKL-FBD-772-2025. Buyers should confirm that the registration applies to the particular tower or component being offered and review its approved details before committing. The contract announcement does not provide a separate Phase 3 handover date.
For the local market, the award adds a large construction package to a mixed-use scheme on the Delhi-Faridabad corridor. The value and scale mark a significant project commitment, but they do not establish when residents or commercial tenants will be able to occupy the development.
The next material update to watch is the start of construction and the schedule for delivery. Neither was announced with the contract award.
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