Landmark Group, one of NCR’s leading real estate developers, has announced its expansion plans across two major real estate projects in the National Capital Region (NCR), with a combined estimated sales potential of Rs. 15,000 crores. The plans 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 branded residential project on Dwarka Expressway.
Landmark One is expected to have a total sale value of approximately Rs. 4,000 crores. The project entails an estimated construction investment of Rs. 1000 crores, in addition to the underlying land, currently valued at approximately Rs. 550 crores. The Group has raised ₹330 crore from the State Bank of India (SBI) for the construction of Landmark One, its upcoming Grade A+ commercial project in Gurugram. The funds will be used for the first phase of the development, which has an estimated construction cost of ₹481 crore. The construction of the project is underway, and it is likely to be completed by May 2033 as per RERA.
Designed for large Indian and multinational corporate occupiers, Landmark One will offer flexible office floor plates ranging from approximately 55,000 to 100,000 sq. ft. The project will also feature food and beverage outlets, retail spaces, executive business centres and an exclusive executive club, supported by modern building services and building management systems.
Separately, the Group has acquired a land parcel exceeding 22 acres directly on Dwarka Expressway for a proposed integrated development. The Group envisages the mixed-use project to include a five-star hotel, branded serviced apartments, premium retail, and a corporate office block. The project is in the planning and conceptualisation stage, and finalisation of the development programme and market conditions, it has an estimated aggregate sales potential of Rs. 11,000 crores.
The proposed development is expected to become a major component of Landmark Group’s future growth portfolio.
Sandeep Chhillar, Founder & Chairman, Landmark Group, said, “We are entering a defining phase of growth, with a focus on developments that combine scale, quality and long-term value creation. Landmark One and our proposed Dwarka Expressway project reflect our ambition to strengthen our presence across NCR. With Landmark One, we intend to establish a new benchmark for corporate office infrastructure in Gurugram, while our proposed Dwarka Expressway development represents our ambition to create an integrated luxury destination of international standards. We are backing this vision with substantial capital commitments, strong institutional banking relationships and an experienced professional leadership team.”
To lead its next phase of growth, Landmark Group has appointed Pankaj Pal as Managing Director. He brings over 35 years of real estate experience spanning residential, commercial, retail, township and mixed-use developments.
Outlining the company’s strategic priorities, Pankaj Pal, Managing Director, Landmark Group, said, “The next phase of growth in Indian real estate will increasingly favour developers who can combine financial strength, professional management, superior product planning and disciplined execution. Landmark Group has assembled a compelling development pipeline with the potential to create significant value across commercial, hospitality and residential segments. Landmark One, with an expected total sale value of approximately Rs 4,000 crore, presents an opportunity to deliver a corporate environment that competes with the finest office developments internationally, both in terms of specifications and the overall occupier experience.”
He further added, “Our immediate priority is to build a strong, execution-focused organisation, bring together the best architectural and technical expertise, and ensure that every development is conceived with a clear understanding of evolving customer expectations. We intend to pursue growth with ambition, but equally with financial prudence, transparency and an unwavering commitment to quality. Our objective is to establish Landmark Group among the most respected and professionally managed real estate development organisations in the NCR.”
