Landmark Group targets ₹15,000 crore in sales from new Gurugram projects

Landmark Group has announced plans for two major real estate developments in the National Capital Region, aiming for a combined sales value of ₹15,000 crore.

The first project, Landmark One, is a Grade A+ office tower located on Golf Course Extension Road in Gurugram. The complex will feature approximately 3 million square feet of developable area, with flexible office floor plates ranging from 55,000 to 100,000 square feet. The company expects to invest roughly ₹1,000 crore in construction for this project, which is slated for completion by May 2033. To fund the initial phase, the group secured a ₹330 crore loan from the State Bank of India.

The second project involves a mixed-use development on 22 acres along the Dwarka Expressway. This site is expected to include a five-star hotel and branded serviced apartments, with projected sales of approximately ₹11,000 crore.

Landmark Group has appointed Pankaj Pal as Managing Director to oversee these expansions. The company intends to retain much of the office space for rental income while selling portions to meet capital expenditure requirements.