Landmark Group plans Rs 150 billion NCR expansion
Real Estate

Landmark Group plans Rs 150 billion NCR expansion

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.

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.

Related Stories

Gold Stories

Next Story
Real Estate

RMZ entities secure 5-Star ratings in GRESB 2026

RMZ has been recognised as a Global and Regional Sector Leader in the 2026 Global Real Estate Sustainability Benchmark (GRESB) Real Estate Development Assessment, with three of its entities scoring 99.6 out of 100. RMZ Nexus LLP, Millenia Realtors Private Limited and Infralogix LLP secured 5-Star ratings in their respective categories across the Office and Industrial sectors.In the 2026 Development Benchmark, RMZ Nexus LLP and Millenia Realtors Private Limited were named Sector Leaders in the Office and Office Non-Listed categories in Asia. Infralogix LLP received the distinction in the Indust..

Next Story
Products

Schneider Electric deploys smart building systems at Jupiter Hospitals

Schneider Electric has partnered with Jupiter Hospitals to deploy connected building technologies aimed at improving energy efficiency, patient comfort and operational performance across its hospital campus. The deployment of its EcoStruxure Building Operation platform and SpaceLogic thermostats is helping the hospital achieve energy savings of up to 28 per cent, according to the company.With heating, ventilation and air-conditioning (HVAC) systems accounting for nearly 60 per cent of the hospital's total energy consumption, improving efficiency while maintaining the conditions required for pa..

Next Story
Resources

Shriram Properties appoints Ramesh Narain Parbat as Independent Director

Shriram Properties has appointed Ramesh Narain Parbat as an Independent Director on its Board for a five-year term, subject to shareholders’ approval.Parbat has more than 35 years of experience in the Indian Revenue Service (IRS) and retired in October 2025 as a Member of the Central Board of Direct Taxes (CBDT), the apex policy-making body for direct taxation in India. As Member (Legislation), he led direct tax legislative and international taxation initiatives, including the drafting of the Income-tax Act, 2025. He also signed 174 Advance Pricing Agreements (APAs) in a single year.During h..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code