September 3, 2024 |
Landmark Group to Launch Residential & Commercial Projects in Gurugram, to Invest Rs 4200 Cr in Two Years
Landmark Group’s upcoming projects are located in the micro-markets of Gurugram. One will be a group housing project along Dwarka Expressway, and another is a premium high street project in New Gurgaon.
Gurugram-based realty developer Landmark Group is gearing up to expand its business portfolio with the robust project pipeline. Backed by the diversified portfolio of residential, commercial, and retail, the company plans to invest Rs 4200 crore in the next two years to launch a mix of projects in the luxury segment, retail, and commercial.
The company’s upcoming projects are located in the thriving micro-markets of Gurugram like Dwarka Expressway and New Gurgaon. One of its upcoming projects will be a group housing project along Dwarka Expressway, and another is a premium high street project in New Gurgaon. Both these projects are slated to be launched by the end of 2024.
Sandeep Chhillar, Chairman & Founder of the Landmark Group, sais, “The real estate sector is flourishing and Gurugram’s realty market growth has been impressive over the last couple of years. Gurugram and its micro-markets continue to be the preferred investment destination for investors and buyers across residential, retail, and commercial segments. With our expansion plan, we aim to cater to the burgeoning demand in the region and enhance our product portfolio.”
“We are confident that our project pipeline is best suited for the ever-evolving dynamics of the real estate market. Our expected launches will add significant value in continuing our journey of growth and innovation together,” he added.
At present, the company has two ongoing projects in Gurugram. Launched last year, Landmark Avana in Sec 95 Gurugram is a DDJAY project with 228 floors + 170 plots. Spread across 15 acres, it is a low-density high-quality project. The company has incurred a revenue of Rs 700 cr from this project which is scheduled to be delivered by 2028.
The company’s other under-construction project is Landmark Springhomes 81 located in Sec 81 Gurugram. It is an affordable housing project with a total of 694 residential units and 33,000 sq.ft. of commercial space which is scheduled to be delivered by December 2024.
With a rich legacy spanning two decades, the Landmark Group has delivered several projects defining new-age living. The company’s diverse real estate portfolio includes townships, villa complexes, group housing, and mixed-use retail spaces like Landmark Cyberpark, Landmark Avenue, Landmark Golden Villas, Landmark Platinum Villas, Joy Street and co-working spaces such as Plus Offices and VentureX.
With a strong presence across Gurugram, Faridabad, and Kurukshetra, the company has successfully delivered 15 residential projects, 3 commercial projects, and 2 retail projects.
Source : FE
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