Landmark Group names Pankaj Pal MD as it plans ₹15,000 crore Gurugram push

Landmark Group has appointed Pankaj Pal as its Managing Director, and the NCR developer has set out a combined estimated sales potential of ₹15,000 crore across two projects in Gurugram. The company announced the changes in late October 2026, and details were out by 1 November 2026.

Pal has more than 35 years in real estate, across residential, commercial, retail, township and mixed-use projects. The company's filings and releases list his earlier roles as Managing Director at Whiteland Corporation, Group Executive Director at AIPL, Chief Sales Officer at M3M India and Ireo, and Executive Director of Sales and Corporate Finance at Vatika Group. He had also served as an Executive Director at Landmark Group before this appointment. The step-up follows his naming as Management Advisor in August 2026.

In his remarks on the appointment, Pal said: "Our immediate priority is to build a strong, execution-focused organisation, bring together the best architectural and technical expertise." He added that the group intends to grow "with ambition, but equally with financial prudence, transparency and an unwavering commitment to quality." Founder and Chairman Sandeep Chhillar said the group is "entering a defining phase of growth, with a focus on developments that combine scale, quality and long-term value creation."

Landmark One on Golf Course Extension Road

Landmark One is a Grade A+ corporate office development on Golf Course Extension Road in Gurugram. The project is planned at about 2.1 million sq ft, although some sources give 2.2 million sq ft and one registry aggregator gives 22 lakh sq ft. Office floors are planned at roughly 55,000 to 100,000 sq ft each, with food and beverage outlets, retail spaces, executive business centres and an executive club. Construction is under way.

The company puts the project's total sale value at about ₹4,000 crore. It estimates construction investment at about ₹1,000 crore, in addition to land currently valued at about ₹550 crore. The group has raised ₹330 crore from the State Bank of India for the first phase, which has an estimated construction cost of ₹481 crore. A RERA registration record cited for the project gives May 2033 as the completion timeline.

Dwarka Expressway site and what is still open

The second project is an integrated luxury development on a 22-acre parcel along Dwarka Expressway, which the group bought for about ₹660 crore, or roughly ₹30 crore an acre. The company puts its estimated sales potential at ₹11,000 crore. Planned uses include a five-star hotel, branded serviced apartments, premium retail, corporate offices and residential space.

The project is still at the planning and conceptualisation stage, and its configuration may change. No RERA registration, price band, launch date or possession date has been announced. For buyers, that means there is nothing to book or compare yet.

The ₹15,000 crore figure is a sales potential, not an amount the group has invested. Market observers have pointed out that projects of this size are capital-intensive and carry execution risk. They say the plan's success will depend on Landmark keeping cash flows healthy and managing debt as construction moves ahead. A registry aggregator also notes that the group has no publicly available audited financials and no credit rating, so buyers should read the company's filings closely.

What it means for the Dwarka Expressway micro-market

Prices on the Dwarka Expressway have moved up fast. ANAROCK data puts the corridor's average at ₹14,180 per sq ft in the first half of 2026, up about 135% from roughly ₹6,032 in 2021, and above the Gurugram average of ₹13,350 per sq ft.

• The 29 km expressway runs from Mahipalpur in Delhi to Kherki Daula in Gurugram.
• A metro spur from Basai Village toward the expressway is part of the Gurugram Metro corridor, with Phase 1 civil work started in September 2025.
• Until the metro is built, residents along the Gurugram stretch will depend mainly on cars.

Landmark's SKYVUE project in Sector 103 is also on the Dwarka Expressway. The company has said its second phase covers four of the project's 11 acres, with 240 three-BHK and 4.5-BHK units in two towers, and an investment of ₹400 crore. The project has been launched at ₹17,500 per sq ft.

For buyers in the corridor, the next things to watch are the Landmark One RERA filings and the first disclosures on the Dwarka project, including its registration, price band and timeline. Until those are published, the appointment and the sales-potential figures are the only firm details.