Landmark Group is reinforcing its presence in Gurugram by pairing its new corridor venture with Landmark One, an Rs 4,000 crore commercial office development. The corporate hub will deliver 2.1 million square feet of leasable office space designed for multinational and domestic corporate occupiers. Construction on this separate project is partially funded by an Rs 330 crore infusion from the State Bank of India. Backed by institutional funding, the corporate scheme is formally registered to conclude by May 2033.
Key points
Real estate veteran Pankaj Pal has been appointed Managing Director to direct the firm's…: Real estate veteran Pankaj Pal has been appointed Managing Director to direct the firm's major portfolio expansion.
The company is committing an estimated Rs 1,000 crore in construction capital toward deli…: The company is committing an estimated Rs 1,000 crore in construction capital toward delivering Landmark One.
Regulatory RERA filings indicate the Landmark One corporate development is targeted for f…: Regulatory RERA filings indicate the Landmark One corporate development is targeted for final completion by May 2033.
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The expansion includes 4,000 crore Landmark One, a corporate project in Gurugram, and Rs 11,000 crore mixed-use and residential development at Dwarka Expressway.
The Group strengthens leadership with appointment of real estate industry veteran Pankaj Pal as Managing Director to spearhead its next phase of growth.
“We are entering a defining phase of growth, with a focus on developments that combine scale, quality and long-term value creation. 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,” said Sandeep Chhillar, Founder & Chairman, Landmark Group.
With 2.1 million sq ft of leasable area, Landmark One is expected to have a total sale value of approximately Rs 4,000 crore. The project entails an estimated construction investment of Rs 1000 crores, in addition to the underlying land, currently valued at approximately Rs 550 crore.
The Group has raised Rs 330 crore from the State Bank of India (SBI) for the construction of Landmark One. The funds will…
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