Landmark Group has announced expansion plans across two real estate projects in the National Capital Region (NCR), with a combined estimated sales potential of Rs 150 billion. The projects include Landmark One, a 2.1 million sq ft corporate office development on Golf Course Extension Road in Gurugram, and a proposed integrated hospitality, commercial and residential development on Dwarka Expressway.

Landmark One has an estimated sales value of Rs 40 billion. The project involves an estimated construction investment of Rs 10 billion, apart from the underlying land, currently valued at around Rs 5.5 billion. The Group has secured a loan of Rs 3.3 billion from State Bank of India (SBI) for the first phase of construction, which has an estimated cost of Rs 4.81 billion. Construction is underway, with completion scheduled for May 2033 as per its RERA registration.

Designed for large Indian and multinational companies, Landmark One will offer office floor plates ranging from approximately 55,000 to 100,000 sq ft. Its proposed amenities include food and beverage outlets, retail spaces, executive business centres and an executive club, supported by modern building services and building management systems.

The second project is planned on a land parcel of more than 22 acres acquired by the Group directly on Dwarka Expressway. The proposed mixed-use development will include a five-star hotel, branded serviced apartments, premium retail and a corporate office block. Currently at the planning and conceptualisation stage, the project has an estimated sales potential of Rs 110 billion, subject to finalisation of the development programme and market conditions.

Sandeep Chhillar, Founder and Chairman, Landmark Group, said the two projects reflected the company's ambition to expand its presence across NCR through developments focused on scale, quality and long-term value creation. He added that the Group was backing its expansion plans with capital commitments, institutional banking relationships and an experienced professional leadership team.

The Group has also appointed Pankaj Pal as Managing Director to lead its next phase of growth. Pal brings more than 35 years of experience in the real estate sector, spanning residential, commercial, retail, township and mixed-use developments.

Pal said the Group's priorities would include building an execution-focused organisation, strengthening architectural and technical capabilities, and maintaining financial prudence and quality standards. He added that Landmark One presented an opportunity to develop a corporate office environment with international specifications and an enhanced occupier experience.