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Gurugram Real Estate: AIPL Launches Rs 1,500-Crore Ultra-Premium Housing Project On Dwarka Expressway
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The project forms part of a wider master plan that will include multiple clubhouses, co-working zones, wellness and sports facilities, and community-scale social spaces.
Spread across 5.14 acres, Riviera features two 43-storey towers designed as a low-density gated community with 80% open spaces.
Gurugram-based developer AIPL has announced the launch of Riviera, an ultra-premium residential project within its upcoming township, AIPL Lake City, in Sector 103 along the Dwarka Expressway, according to a statement. The Haryana RERA-registered project (HRERA 122/2025) marks the first phase of the larger multi-stage development and is estimated to generate Rs 1,500 crore in revenue.
Spread across 5.14 acres, Riviera features two 43-storey towers designed as a low-density gated community with 80% open spaces. The project forms part of a wider master plan that will include multiple clubhouses, co-working zones, wellness and sports facilities, and community-scale social spaces as the township expands.
AIPL said the project has secured IGBC Platinum pre-certification and incorporates climate-responsive architecture, eco-friendly materials, solar-powered common areas, LED lighting, EV-charging readiness and on-site organic waste processing aimed at achieving zero landfill status. Smart water management forms part of the sustainability framework.
The development includes wide pedestrian zones, landscaped courtyards, and multi-generational recreational areas. Units are offered in 3- and 4-BHK configurations with wrap-around decks, cross-ventilated layouts and dedicated utility and storage spaces.
Speaking on the launch, Saurabh Shankar, President–Sales and CRM at AIPL, said, “With Riviera, we envision rewriting the definition of luxury. Today’s buyers are far more discerning; they look beyond finishes and amenities to understand how a home supports their wellbeing… The central lake, large open spaces and the wellness-centric master plan are intentional choices shaped by how modern families truly live.”
Amenities Inspired by Wellness and Community Living
Residents will have access to a central lake and water gardens, a Miyawaki forest, walking trails, mindfulness and wellness zones, event lawns, a community pool, sports areas, a pet park, and themed arrival lobbies. The project also includes air-conditioned basement lobbies and spaces designed for children, adults and elderly residents.
AIPL has engaged a consortium of international and Indian consultants for planning and execution. Morphogenesis serves as the design architect, Aspect Studios (UK) as landscape consultant, Blink Design Group (Singapore) for interiors of clubhouses and lobbies, The One Off (UK) for branding, Studio Lumen (UAE) for lighting, while Civtech, Sanrachna and AEON are overseeing structure, BIM and MEP-sustainability engineering respectively.
Connectivity and Infrastructure Plans
Riviera is connected via the Upper Dwarka Expressway, a 60-metre sector road and a 30-metre boulevard developed and maintained by AIPL with inputs from global partners. IGI Airport, Yashobhoomi and the Millennium City Centre Metro Station are among key destinations within accessible range. The developer said it is also working with GMDA and MCG to improve neighbourhood infrastructure, including green belts, access roads and community-level safety support.
AIPL’s Portfolio
The launch adds to AIPL’s existing portfolio of residential developments such as The Peaceful Homes in Gurugram and the DreamCity projects in Amritsar, Ludhiana and DreamCity NXT. The company said forthcoming phases of Lake City will continue to build on the concept of a planned township integrating nature, infrastructure and modern urban living.
Click here to add News18 as your preferred news source on Google. December 14, 2025, 15:06 IST
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Rupee rebounds from record low: Currency rises 128 paise to 93.57 against US dollar – The Times of India
Rupee opened the week in green, recovering sharply in early trade after regulatory intervention aimed at curbing banks’ currency exposure. The currency climbed to 93.57 against the US dollar, on Monday, gaining 128 paise from its previous close, after opening at 93.62 in the interbank foreign exchange market. This comes days after the currency had hit a record low of 94.85 on Friday, following a steep fall of 89 paise. The turnaround follows a directive issued by the Reserve Bank of India on March 27, 2026, which placed a cap of $100 million on the Net Open Position (NOP-INR) that banks can hold overnight. Lenders have been asked to comply with the new limit by April 10. Market participants said the move is prompting banks to reassess their positions, particularly those with long dollar holdings in the onshore market. As these positions are reduced, dollar sales are expected to increase, lending short-term support to the rupee. “As banks begin adjusting their positions, they are likely to sell dollars in the market, which can temporarily support the rupee. This creates a phase of relief, driven by position unwinding, not by a major shift in fundamentals, but still meaningful in the near term,” Amit Pabari, Managing Director at CR Forex Advisors told PTI. Even so, the broader environment remains challenging for the Indian currency. The dollar continues to draw strength from safe-haven demand, keeping the dollar index above the 100 mark and restricting any sustained appreciation in the rupee. The dollar index was last seen marginally lower by 0.06% at 100.09. At the same time, rising crude oil prices are adding to pressure, with Brent crude trading 2.16% higher at $115 per barrel in futures. Geopolitical tensions have played a key role in pushing oil prices higher amid concerns over supply disruptions. “For India, this is critical. Being a major oil importer, higher oil prices increase dollar demand, which directly puts pressure on the rupee,” Pabari said. He added that despite the current relief, the rupee’s outlook remains sensitive to global factors such as oil price movements, geopolitical developments and the strength of the US dollar. Dalal Street also reflected the cautious mood, with the BSE Sensex dropping 1,191.24 points to 72,391.98 in early deals, and the Nifty 50 declining 349.45 points to 22,470.15. Foreign institutional investors were also seen pulling back, having sold equities worth Rs 4,367.30 crore on a net basis on Friday, as per exchange data.
MUMBAI: RBI has placed consumer empowerment through portable bank accounts and cross-border efficiency at the centre of its Payments Vision 2028, signalling a new focus to improving user experience and reducing friction in money movement.While customers can freely open accounts with any bank, savings accounts are considered ‘sticky’ because of multiple standing instruction to send and receive money into the specified account. RBI’s work around this stickiness is a Payments Switching Service where all standing instructions are centralised. This centralised interface will allow customers to view and migrate all payment mandates, both incoming and outgoingreducing dependence on individual banks making accounts portable.A key thrust is on making cross-border payments faster, cheaper and more accessible. The central bank plans a comprehensive review of the ecosystem to identify regulatory, operational and technological bottlenecks, aligning domestic systems with global standards shaped by the G20.Proposed changes aim to lower entry barriers for firms, promote innovation and reduce delays in cross-border fund transfers, even as India has been signing agreements with other countries to link domestic fast payments systems and enable CBDC acceptance.
NEW DELHI: WTO talks in Cameroon are deadlocked over a moratorium on e-commerce with the US seeking a long freeze on countries for levying tax on digital downloads and streaming, while India is so far unwilling to agree to this period.Starting from two years, India has indicated its willingness to go up to four, with the WTO draft proposing a moratorium until June 2031, two persons familiar with the ministerial level talks told TOI.But before ministers move to that the US and Brazil have to reach common ground on farm sector liberalisation. Talks between the US and Brazil are currently underway before ministers move to the issue of e-commerce. Here, the African countries have also demanded support and technical assistance before a final text can be agreed to.For over 25 years, members of the WTO have upheld a rule — no customs duties on electronic transmissions. While India has used it as a bargaining chip at every ministerial meeting.For India, the big win is managing to keep investment facilitation for development out of the WTO framework despite standing alone at the end. It has demanded “guardrails” against using plurilaterals, which are agreements between a select group of member nations. India has indicated its willingness to support discussions on reforms but it is the US which is stalling issues despite in the past signalling that WTO wasn’t moving anywhere.Talks are expected to conclude in the next few hours as ministers have started leaving Cameroon and the ministerial meeting is not going into extra time.
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