Landmark buys 22-acre land on Dwarka Expressway

The Landmark Group has secured a 22-acre plot on the Dwarka Expressway in Gurugram for a major expansion project, valued at approximately Rs 15,000 crore. This acquisition is part of their strategy to create an integrated luxury destination on an international scale.

Pankaj Pal, a veteran from the real estate industry, has been appointed as the Managing Director to lead this phase of growth. The expansion plans include a corporate project named Landmark One, valued at around Rs 4,000 crore, and a Rs 11,000 crore mixed-use and residential development on the Dwarka Expressway.

Landmark One is projected to have a total sale value of approximately Rs 4,000 crore and an estimated construction investment of Rs 1,000 crore. The project, which is currently in the construction phase, is expected to be completed by May 2033 according to RERA guidelines. It will offer flexible office spaces ranging from 55,000 to 100,000 square feet along with amenities like food outlets, retail spaces, executive business centers, and an executive club.

Landmark Group aims to set a new benchmark for corporate office infrastructure in Gurugram with Landmark One. The company has raised Rs 330 crore from the State Bank of India for this project, which will be utilized for the initial construction phase. The company believes that future real estate growth in India will favor developers who can offer a mix of financial strength, professional management, superior product planning, and disciplined execution.