Construction Contract
RPS Infrastructure Awards Over ₹450 Crore Construction Contract to KBE for 12th Avenue Phase 3, Faridabad
RPS Infrastructure Ltd has awarded a construction contract worth over ₹450 crore to KBE (Krishna Buildestates Pvt Ltd) for Phase 3 of RPS 12th Avenue, a mixed-use project in Sector 27C on Main Mathura Road, Faridabad. The contract was reported on 22 October 2026 and covers construction only; it does not change sales, pricing or possession status.
| Developer | RPS Infrastructure Ltd (RPS Group), Faridabad-based developer |
|---|---|
| Contractor | KBE (Krishna Buildestates Pvt Ltd) |
| Contract value | Over ₹450 crore, reported 22 October 2026 |
| Location | Sector 27C, Main Mathura Road (NH-2), Faridabad, Haryana |
| Phase 3 area | About nine acres |
| Wider ecosystem | About 34 acres, per the contract report |
| Phase 3 components | Crosswalk mall and The Wisterias South (three residential towers) |
| Architectural design | Blueprint completed by Benoy |
| Haryana RERA listing | RPS Infinia 12th Avenue Phase II & III, approval dated 9 October 2025 |
What happened
RPS Infrastructure Ltd has appointed KBE (Krishna Buildestates Pvt Ltd) as the construction contractor for Phase 3 of RPS 12th Avenue, according to a trade report published on 22 October 2026. The contract is valued at over ₹450 crore.
KBE will lead construction of the new phase. The architectural blueprint for Phase 3 has already been completed by global design firm Benoy.
The award is a contractor appointment. It is not a sales launch, a price list, a possession event or a project completion.
The project and Phase 3
RPS 12th Avenue is a mixed-use development on Main Mathura Road in Sector 27C, Faridabad. The wider ecosystem covers about 34 acres, according to the contract report.
Phase 3 spans about nine acres and comprises the Crosswalk mall and The Wisterias South, which the report describes as three ultra-luxury residential towers. Phase 3 forms a core part of the wider 12th Avenue ecosystem.
The developer’s own project page describes 12th Avenue as an ambitious commercial venture located close to the Delhi-Faridabad toll plaza and as a city within a city.
Who is involved
RPS Group was founded in 2005 by S.P. Gupta and R.C. Gupta, according to the group’s own about page and its listed history. RPS Infrastructure Ltd is the promoter of the Haryana RERA-registered 12th Avenue phases.
KBE (Krishna Buildestates Pvt Ltd) is a New Delhi-registered construction company. Bharat Bahl, Joint Managing Director of KBE, said: “We are proud to be associated with Phase 3 of RPS 12th Avenue. Timely delivery and quality construction are non-negotiable.”
The report quotes RPS on the choice of contractor: “12th Avenue is RPS’s flagship project, and its quality is non-negotiable. That is precisely why we chose a premier contractor for Phase 3.”
The trade report states that this is the first time a premier construction contractor has been engaged for a development of this scale in Faridabad. This is the report’s own claim.
What it means for buyers
The contract confirms who will build Phase 3. It does not change the sales status, prices, RERA registration or possession timeline of any unit.
Buyers considering The Wisterias South, The Wisterias North or the Crosswalk should check the RERA registration for the specific tower or component on the Haryana RERA portal before committing. The Haryana RERA listing for RPS Infinia 12th Avenue Phase II & III shows promoter RPS Infrastructure Limited, registration HRERA-PKL-FBD-772-2025, and approval dated 9 October 2025.
What it means for investors and the local market
For investors, the award is a sign that construction on Phase 3 has moved to a contracted stage. It does not state a start date, a cost breakdown or a delivery schedule.
The only named commentary comes from the developer and the contractor.
What comes next
KBE will lead construction of Phase 3 based on the Benoy design. As of 23 October 2026, no construction start date, handover date or completion date for Phase 3 or the wider 34-acre ecosystem has been announced.
Future milestones to watch include any RERA filings or updates for the Phase 3 towers and the mall, and any official construction schedule from RPS or KBE.
Frequently asked questions
What did RPS Infrastructure announce for 12th Avenue Phase 3?
RPS Infrastructure Ltd awarded a construction contract worth over ₹450 crore to KBE (Krishna Buildestates Pvt Ltd) for Phase 3 of RPS 12th Avenue in Sector 27C, Faridabad. The contract was reported on 22 October 2026.
What does Phase 3 include?
Phase 3 covers about nine acres and comprises the Crosswalk mall and The Wisterias South, which the report describes as three ultra-luxury residential towers.
Does this contract change prices or possession dates for buyers?
No. The award is a construction contract. It does not change sales status, prices, RERA registration or possession timelines.
Who designed Phase 3?
The architectural blueprint for Phase 3 has been completed by global design firm Benoy.
When will Phase 3 be completed?
As of 23 October 2026, no construction start date, handover date or completion date for Phase 3 has been announced.