Landmark Group to Invest Rs 42 billion in Residential, Commercial Projects

03 Sep 2024 CW Team

The Gurugram-based Landmark Group has announced plans to invest Rs 42 billion to broaden its portfolio across residential, retail, and commercial sectors within the next two years. This strategic investment is aimed at expanding the company's footprint and enhancing its offerings in these key areas of real estate development.

As part of its expansion strategy, the company has outlined plans to initiate two significant projects. The first is a group housing project situated along the Dwarka Expressway, a location expected to attract considerable interest due to its strategic position. The second project involves the development of a high-street commercial project in New Gurugram, designed to cater to the growing demand for retail and commercial spaces in the area. Both of these projects are slated for launch by the end of the current year, reflecting the company's commitment to rapid growth and development.

In addition to these upcoming projects, the Landmark Group currently has two ongoing developments in Gurugram. One of these is Landmark Avana, which was introduced in 2023 in Sector 95. This project is part of the DDJAY (Deen Dayal Jan Awas Yojana) scheme, aimed at providing affordable housing options. The Landmark Avana project has already generated revenue amounting to Rs 7 billion and is projected to be completed by 2028.

Real Estate

17 Sep 2025

Indian REITs Offer 6-7.5 per cent Yield, Surpassing Many Global Markets

Indian Real Estate Investment Trusts (REITs) are delivering average yields of 6–7.5 per cent for unitholders, outperforming many mature markets, including the US, according to a report by Credai and Anarock.Credai, the apex body of Indian real estate developers, and property consultant Anarock released the report Indian REITs – A Gateway to Institutional Real Estate at an event in India.Currently, India has five listed REITs – Brookfield India Real Estate Trust, Embassy Office Parks REIT, Mindspace Business Parks REIT, Nexus Select Trust, and Knowledge Realty Trust. Nexus Select Trust pr..

Insolation Energy Wins 226 MW Solar Projects Under PM-KUSUM

Insolation Energy on Monday announced securing multiple solar projects totalling 226.45 MW, with an investment of Rs 7.5 billion, under the PM-KUSUM scheme. The orders were awarded to its wholly-owned subsidiary, Insolation Green Energy Pvt Ltd, by Jaipur Vidyut Vitran Nigam Limited for 20 sites and Ajmer Vidyut Vitran Nigam Limited for 115 sites, the company informed the exchanges.“The combined SPV solar power plants will total 226.45 MW under PM-KUSUM Component A, with the final levelised tariff at Rs 3.04 per unit for 16 sites, Rs 2.82 per unit for 5 sites, Rs 2.75 per unit for 53 sites, ..

Numaligarh Refinery Awards EPC Contract for Rooftop Solar Projects

State-owned Numaligarh Refinery Ltd. (NRL) has awarded a Letter of Award to Solarium Green Energy Ltd. for the rate contract covering the Engineering, Procurement, and Construction (EPC) of grid-connected rooftop solar PV projects at various locations. The projects fall within the categories of 51–200 kW and 201–1000 kW. Notable projects include a 140 kW rooftop solar plant at NRL Assam, a 760 kW plant at NRL Assam, and a 280 kW plant at NRL West Bengal.The supply order covers ex-manufacturing works and the dispatch price for plant and equipment for the 140 kW, 760 kW, and 280 kW rooftop s..